ARDMORE SHIPPING CORP (ASC)       16.08  +0.95 (+6.28%)

16.08  +0.95 (+6.28%)

MHY0207T1001 - Common Stock

Technical Rating

10

Taking everything into account, ASC scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ASC is showing a nice and steady performance.



The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that ASC is one of the better performing stocks in the market, outperforming 99% of all stocks. We also observe that the gains produced by ASC over the past year are nicely spread over this period.
ASC is part of the Oil, Gas & Consumable Fuels industry. There are 389 other stocks in this industry. ASC outperforms 99% of them.
ASC is currently making a new 52 week high. This is a strong signal, certainly because the S&P500 Index is not trading near new highs.
ASC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

Statistics

1 Month 3 Months 6 Months 12 Months 10.76% 52.37% 94.97% 323.81% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 99.79 3.09 - 15.6062
ASC Weekly chart
ASC Daily chart

Support/Resistance Analysis


9.73

16.24
6 important support areas can be observed.
  • A support zone ranging from 15.12 to 15.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @13.42 from a horizontal line in the daily time frame.
  • Support @10.99 from a trend line in the daily time frame.
  • Support @10.77 from a trend line in the weekly time frame.
  • Support @10.26 from a trend line in the weekly time frame.
  • Support @9.83 from a trend line in the daily time frame.

Setup Analysis

Setup Rating

3

Although ASC has an excellent technical rating, it does not present a decent entry opportunity 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.


ASC Daily chart

ARDMORE SHIPPING CORP16.08

NYSE:ASC (12/2/2022, 12:38:06 PM)+0.95 (+6.28%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Oil, Gas & Consumable Fuels
Performance
Today 6.28% 1 Week 4.56%
2 Weeks 9.96% 1 Month 10.76%
3 Month 52.37% 6 Month 94.97%
Volatility
ATR(14) 0.75 ATR(20)% 4.74%
ATR Inc -17.55% Range Today 1.13
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 99.79 Mansfield 10.08
10 Day High 15.61 10 Day Low 13.51
20 Day High 15.61 20 Day Low 13.26
52 Week High 15.61 52 Week Low 3.09
CS1 End 13.42 CR1 Start 15.21
Volume & EV
DER(3) 1.6% DER(5) 1.66%
Volume 525.73K Volume Incr 10.93%
Vol(5) 912.10K Vol(50) 752.57K

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