ARDMORE SHIPPING CORP (ASC) Stock Technical Analysis
NYSE:ASC - New York Stock Exchange, Inc. - MHY0207T1001 - Common Stock - Currency: USD
Taking everything into account, ASC scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. ASC was also a bad performer in the overall market in the last year.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, ASC is a bad performer in the overall market: 90% of all stocks are doing better.
ASC is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry, of which 85% are performing better than ASC.
ASC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ASC has a been trading in the 9.45 - 10.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
ASC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
More info and screens
9.37
10.66
When analyzing the support we can see 3 important areas.
- Support @10.13 from a trend line in the daily time frame.
- A support zone ranging from 9.67 to 9.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.46 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @10.21 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 10.51 to 10.55. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for ASC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ASC is neutral. |
| ChartMill Relative Strength | 10.39 | NEGATIVE | ASC has a low relative strength, it was outperformed by 89.61% 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) | DOWN | NEGATIVE | The current price of ASC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.37 | NEUTRAL | The RSI value for ASC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ASC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.62 | NEUTRAL | The Stochastics value for ASC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.56 | MEDIUM VOLATILITY | The ATR as a percentage value for ASC suggests some volalility. |
| Average Directional Index/ADX (14) | 12.04 | NEGATIVE | The low ADX value for ASC suggests a weak or negative 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)
10.2
+0.49 (+5.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg5.05%
1 Week1.19%
2 Weeks-2.86%
1 Month6.14%
3 Month16.7%
6 Month-17.34%
12 Month-52.54%
2 Year-27.56%
3 Year25.15%
5 Year148.17%
10 Year-22.37%
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%3.56%
ATR Inc5.11%
Range Today0.47
ADR(20)0.36
ADR(20)%3.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.39
Mansfield-2.79
10 Day High10.6
10 Day Low9.45
20 Day High10.6
20 Day Low9.45
52 Week High22.7
52 Week Low8.32
CS1 End8.5
CR1 Start9.76
Volume & EV
DER(3)1.51%
DER(5)-0.44%
Volume640.60K
Volume Incr35.48%
Vol(5)807.55K
Vol(50)588.14K