ARDMORE SHIPPING CORP (ASC) Stock Technical Analysis
USA - NYSE:ASC - MHY0207T1001 - Common Stock
12.56 USD
+0.65 (+5.46%)
12.5723 USD
+0.01 (+0.1%)
Overall ASC gets a technical rating of 5 out of 10. In the last year, ASC was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
In the last month ASC has a been trading in the 10.77 - 12.65 range, which is quite wide. It is currently trading near the high of this range.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the performance of all stocks over the past year, ASC turns out to be only a medium performer in the overall market: it outperformed 52% of all stocks.
ASC is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 62% of 211 stocks in the same industry.
ASC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ASC is lagging the market.
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. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
9.57
12.85
When analyzing the support we can see 3 important areas.
- A support zone ranging from 11.48 to 11.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.91 to 11.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.67 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 12.61 to 12.72. This zone is formed by a combination of multiple trend lines in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for ASC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ASC is neutral. |
| ChartMill Relative Strength | 52.15 | NEUTRAL | ASC is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of ASC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.18 | NEUTRAL | The RSI value for ASC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests ASC has a positive trend. |
| Stochastics (14,3) | 77.57 | NEUTRAL | The Stochastics value for ASC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for ASC suggests some volalility. |
| Average Directional Index/ADX (14) | 23.12 | NEUTRAL | The ADX value for ASC suggests a possible start of a new 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)
12.56
+0.65 (+5.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg5.46%
1 Week12.04%
2 Weeks10.56%
1 Month0.24%
3 Month22.9%
6 Month31.11%
12 Month-15.14%
2 Year-5.49%
3 Year-7.17%
5 Year348.57%
10 Year-12.47%
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%2.85%
ATR Inc67.49%
Range Today0.53
ADR(20)0.32
ADR(20)%2.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.15
3 months CRS87.48
6 months CRS78.61
Mansfield0.35
10 Day High12.65
10 Day Low10.77
20 Day High12.65
20 Day Low10.77
52 Week High14.6
52 Week Low8.32
CS1 End11.65
CR1 Start12.61
Volume & EV
DER(3)3.59%
DER(5)3.44%
Volume621.30K
Volume Incr4.46%
Vol(5)500.84K
Vol(50)497.84K