Logo image of 2020.OL

2020 BULKERS LTD (2020.OL) Stock Technical Analysis

Europe - OSL:2020 - BMG9156K1018 - Common Stock

135.9 NOK
+1.7 (+1.27%)
Last: 10/20/2025, 1:25:50 PM
Technical Rating and Analysis

3

Taking everything into account, 2020 scores 3 out of 10 in our technical rating. In the last year, 2020 was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.

62% of all other stocks performed better in the past year than 2020.
In the last month 2020 has a been trading in the 131.70 - 152.00 range, which is quite wide. It is currently trading near the lows of this range.
2020 is one of the better performing stocks in the Marine Transportation industry, it outperforms 70% of 18 stocks in the same industry.
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.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Weekly and Daily overview Charts
2020 BULKERS LTD / 2020 Weekly stock chart
2020 BULKERS LTD / 2020 Daily stock chart
Setup Rating and Analysis

7

2020 has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 134.19, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

130.06

150.50

We found 1 important support area.

  • A support zone ranging from 131.37 to 135.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 145.58 to 149.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for 2020.OL is up.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for 2020.OL is down.
ChartMill Relative Strength38.1NEUTRAL2020.OL is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of 2020.OL is below a declining SMA(20).
Simple Moving Average/SMA (50)UPMIXEDThe current price of 2020.OL is below the rising SMA(50).
Simple Moving Average/SMA (200)DOWNMIXEDThe current price of 2020.OL is above a declining SMA(200).
Relative Strength Index/RSI (14)42.57NEUTRALThe RSI value for 2020.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.45NEGATIVEThe MACD value suggests 2020.OL has a negative trend, although the MACD value is rising.
Stochastics (14,3)21.16NEUTRALThe Stochastics value for 2020.OL is a neutral value.
Average True Range in percent/ATR (20)2.75MEDIUM VOLATILITYThe ATR as a percentage value for 2020.OL suggests some volalility.
Average Directional Index/ADX (14)22.97NEUTRALThe ADX value for 2020.OL suggests a possible start of a new trend.
Chart- and CandleStick Pattern Analysis
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)
2020 BULKERS LTD / 2020 Daily stock chart

2020 BULKERS LTD

OSL:2020 (10/20/2025, 1:25:50 PM)

135.9

+1.7 (+1.27%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg1.27%
1 Week-2.04%
2 Weeks-0.81%
1 Month-8.71%
3 Month6.59%
6 Month28.42%
12 Month-4.55%
2 Year33.27%
3 Year71.39%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.19
ATR(20)%2.75%
ATR Inc-34.41%
Range Today3
ADR(20)3.51
ADR(20)%2.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.1
Mansfield-0.4
10 Day High138.9
10 Day Low131.7
20 Day High152
20 Day Low131.7
52 Week High152
52 Week Low86.8
CS1 End134.19
CR1 Start135.05
Volume & EV
DER(3)-0.67%
DER(5)0.67%
Volume29.01K
Volume Incr-26.39%
Vol(5)121.09K
Vol(50)139.32K