ARDMORE SHIPPING CORP (ASC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ASC - MHY0207T1001 - Common Stock
Overall ASC gets a technical rating of 0 out of 10. ASC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
ASC has a poor technical rating and the quality of the setup is also not perfect 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
10.81
We found 2 important support areas.
- A support zone ranging from 11.13 to 11.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.92 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 11.15 to 11.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 11.86 to 12.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @12.59 from a trend line in the weekly time frame.
- A resistance zone ranging from 13.29 to 13.41. 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 | DOWN | NEGATIVE | The short term trend for ASC is down. |
| ChartMill Relative Strength | 26.26 | NEGATIVE | ASC has a low relative strength, it was outperformed by 73.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ASC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ASC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ASC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 33.13 | NEUTRAL | The RSI value for ASC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests ASC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.4 | OVERSOLD | The low Stochastics value suggests ASC may be oversold. |
| Average True Range in percent/ATR (20) | 3.41 | MEDIUM VOLATILITY | The ATR as a percentage value for ASC suggests some volalility. |
| Average Directional Index/ADX (14) | 26.92 | POSITIVE | The high ADX value value for ASC suggests a strong trend. |
11.14
-0.02 (-0.18%)
ARDMORE SHIPPING CORP / ASC FAQ
Can you provide the ChartMill technical rating for ARDMORE SHIPPING CORP?
ChartMill assigns a technical rating of 0 / 10 to ASC.
What is the current trend direction of ARDMORE SHIPPING CORP (ASC) stock?
The current trend direction for ARDMORE SHIPPING CORP (ASC) is Bearish.
What is the RSI signal for ASC stock?
ARDMORE SHIPPING CORP (ASC) has an RSI value of 33.1268. This indicates that the stock is currently neutral.
What is the MACD signal for ASC stock?
The MACD indicator for ARDMORE SHIPPING CORP (ASC) has a value of -0.110307, indicating a bearish trend.
What is the support and resistance level for ASC stock?
ARDMORE SHIPPING CORP (ASC) has a support level at 11.13 and a resistance level at 11.15. Check the full technical report for our detailed analysis of ASC support and resistance levels.