ARDMORE SHIPPING CORP (ASC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ASC - MHY0207T1001 - Common Stock
We assign a technical rating of 8 out of 10 to ASC. 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.
Besides having an excellent technical rating, ASC also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 13.11. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.09, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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11.33
2 important support areas can be observed.
- A support zone ranging from 12.54 to 13.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.44 to 11.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 13.11 to 13.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @13.51 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for ASC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ASC is neutral. |
| ChartMill Relative Strength | 81.91 | POSITIVE | ASC has a high relative strength, it outperformed 81.91% 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) | UP | POSITIVE | The current price of ASC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.49 | NEUTRAL | The RSI value for ASC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ASC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.14 | NEUTRAL | The Stochastics value for ASC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.31 | MEDIUM VOLATILITY | The ATR as a percentage value for ASC suggests some volalility. |
| Average Directional Index/ADX (14) | 26.8 | POSITIVE | The high ADX value value for ASC suggests a strong trend. |
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 |
|---|---|---|---|
| 13.30 | 12.53 | 0.77 (5.79%) | 17.27% |
| An entry @13.30. This is a Buy Stop order right above the resistance zone. | An exit @12.53. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.77 points, which is 5.79%. | When investing 17.27% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
13.1
+0.55 (+4.38%)
ARDMORE SHIPPING CORP / ASC FAQ
Can you provide the ChartMill technical rating for ARDMORE SHIPPING CORP?
ChartMill assigns a technical rating of 8 / 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 Bullish.
What is the RSI signal for ASC stock?
ARDMORE SHIPPING CORP (ASC) has an RSI value of 57.486. 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 -0.0019561, indicating a bearish trend.
What is the support and resistance level for ASC stock?
ARDMORE SHIPPING CORP (ASC) has a support level at 13.09 and a resistance level at 13.11. Check the full technical report for our detailed analysis of ASC support and resistance levels.