ARDMORE SHIPPING CORP (ASC) Technical Analysis
NYSE:ASC • MHY0207T1001
Current stock price
ASC Technical Rating and Analysis
Overall ASC gets a technical rating of 10 out of 10. Both in the recent history as in the last year, ASC has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that ASC is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, ASC also shows a nice and consistent pattern of rising prices.
- ASC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ASC is performing more or less in line with the market.
- In the last month ASC has a been trading in the 13.44 - 16.54 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- ASC is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, ASC did better than 69% of them.
ASC Weekly and Daily overview Charts
ASC Setup Rating and Analysis
Besides having an excellent technical rating, ASC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 14.50, a Stop Loss order could be placed below this zone.
More info and screens
ASC Support and Resistance Analysis
10.16
We found 4 important support areas.
- A support zone ranging from 14.12 to 14.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.63 to 13.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 10.85 to 11.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.26 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @15.60 from a trend line in the daily time frame.
- Resistance @16.02 from a trend line in the weekly time frame.
- Resistance @16.38 from a horizontal line in the weekly time frame.
ASC 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.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ASC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASC is up. |
| ChartMill Relative Strength | 91.37 | POSITIVE | ASC has a high relative strength, it outperformed 91.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ASC is above a declining 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) | 53.78 | NEUTRAL | The RSI value for ASC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ASC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 67.43 | NEUTRAL | The Stochastics value for ASC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.17 | MEDIUM VOLATILITY | The ATR as a percentage value for ASC suggests some volalility. |
| Average Directional Index/ADX (14) | 23.21 | NEUTRAL | The ADX value for ASC suggests a possible start of a new trend. |
ASC Chart- and CandleStick Pattern Analysis
ASC Example Setup
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 |
|---|---|---|---|
| 15.61 | 14.11 | 1.50 (9.61%) | 10.41% |
| An entry @15.61. This is a Buy Stop order right above the resistance zone. | An exit @14.11. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.50 points, which is 9.61%. | For a 1.00% total portfolio risk, you can invest 10.41% of your capital in this trade. |
- 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.
ASC Technicals: Chart, Performance Metrics, Trend & Indicators
15.22
-0.03 (-0.2%)
ARDMORE SHIPPING CORP / ASC TA FAQ
What is the ChartMill technical rating of ARDMORE SHIPPING CORP (ASC) stock?
ChartMill assigns a technical rating of 10 / 10 to ASC.
Can you provide the trend direction for ARDMORE SHIPPING CORP?
The current trend direction for ARDMORE SHIPPING CORP (ASC) is Bullish.
What is the RSI signal for ARDMORE SHIPPING CORP (ASC) stock?
ARDMORE SHIPPING CORP (ASC) has an RSI value of 53.782. This indicates that the stock is currently neutral.
What is the MACD signal for ARDMORE SHIPPING CORP (ASC) stock?
The MACD indicator for ARDMORE SHIPPING CORP (ASC) has a value of -0.040257, indicating a bearish trend.
Can you provide the short term momentum for ARDMORE SHIPPING CORP?
The short term momentum for ARDMORE SHIPPING CORP (ASC) is positive.