ARDMORE SHIPPING CORP (ASC) Stock Technical Analysis
NYSE:ASC - MHY0207T1001 - Common Stock
11.44 USD
-0.02 (-0.17%)
11.44 USD
0 (0%)
Overall ASC gets a technical rating of 6 out of 10. In the last year, ASC was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
84% of all other stocks performed better in the past year than ASC.
ASC is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 76% of 208 stocks in the same industry do better.
ASC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month ASC has a been trading in the 10.17 - 11.61 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ASC has an average technical rating and it also does not offer a high quality setup 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
9.38
11.58
When analyzing the support we can see 4 important areas.
- A support zone ranging from 10.87 to 11.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 10.25 to 10.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.67 from a horizontal line in the daily time frame.
- Support @9.47 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 11.46 to 11.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for ASC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASC is up. |
| ChartMill Relative Strength | 16.3 | NEGATIVE | ASC has a low relative strength, it was outperformed by 83.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ASC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ASC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ASC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.39 | NEUTRAL | The RSI value for ASC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests ASC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.89 | OVERBOUGHT | The high Stochastics value suggests ASC may be overbought. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for ASC suggests some volalility. |
| Average Directional Index/ADX (14) | 16.73 | NEGATIVE | The low ADX value for ASC 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)
11.44
-0.02 (-0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.17%
1 Week6.82%
2 Weeks10.32%
1 Month8.13%
3 Month19.04%
6 Month26.27%
12 Month-39.41%
2 Year-8.04%
3 Year18.67%
5 Year209.19%
10 Year1.96%
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%3.45%
ATR Inc-37.48%
Range Today0.2
ADR(20)0.39
ADR(20)%3.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.3
Mansfield-1.09
10 Day High11.61
10 Day Low10.31
20 Day High11.61
20 Day Low10.17
52 Week High18.79
52 Week Low8.32
CS1 End11.16
CR1 Start11.46
Volume & EV
DER(3)1.29%
DER(5)1.58%
Volume346.60K
Volume Incr-35.36%
Vol(5)410.64K
Vol(50)608.93K