2020 BULKERS LTD (2020.OL) Stock Technical Analysis
OSL:2020 - BMG9156K1018 - Common Stock
144.4 NOK
+4.2 (+3%)
We assign a technical rating of 8 out of 10 to 2020. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, 2020 is only an average performer.
The long and short term trends are both positive. This is looking good!
2020 is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so 2020 is lagging the market slightly.
In the last month 2020 has a been trading in the 129.10 - 141.20 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, 2020 turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.
2020 is part of the Marine Transportation industry. There are 18 other stocks in this industry, 2020 did better than 64% of them.
2020 has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
122.74
145.84
When analyzing the support we can see 4 important areas.
- A support zone ranging from 140.21 to 140.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 134.89 to 136.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 128.81 to 132.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @123.98 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for 2020.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for 2020.OL is up. |
| ChartMill Relative Strength | 46.37 | NEUTRAL | 2020.OL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of 2020.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of 2020.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of 2020.OL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.84 | NEUTRAL | The RSI value for 2020.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests 2020.OL has a positive trend. |
| Stochastics (14,3) | 79.73 | NEUTRAL | The Stochastics value for 2020.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for 2020.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 19.29 | NEGATIVE | The low ADX value for 2020.OL suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 140.22 | 132.39 | 7.83 (5.58%) | 17.91% |
| An entry @140.22. This is a Buy Stop order right above the resistance zone. | An exit @132.39. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 7.83 points, which is 5.58%. | When investing 17.91% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
OSL:2020 (9/9/2025, 9:42:41 AM)
144.4
+4.2 (+3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg3%
1 Week5.81%
2 Weeks2.41%
1 Month8.51%
3 Month8.85%
6 Month14.73%
12 Month0.79%
2 Year46.27%
3 Year63.79%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.53
ATR(20)%2.45%
ATR Inc14.66%
Range Today3.1
ADR(20)3.23
ADR(20)%2.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.37
Mansfield0.04
10 Day High141.2
10 Day Low132.4
20 Day High141.2
20 Day Low129.1
52 Week High158.9
52 Week Low86.8
CS1 End136.29
CR1 Start140.21
Volume & EV
DER(3)-0.03%
DER(5)0.8%
Volume10.20K
Volume Incr-8.25%
Vol(5)113.56K
Vol(50)124.60K