Taking everything into account, BOAT scores 4 out of 10 in our technical rating. In the last year, BOAT was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
BOAT has an average technical rating and the quality of the presented setup is also not ideal 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.
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28.98
3 important support areas can be observed.
- A support zone ranging from 30.99 to 31.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 29.93 to 29.96. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 29.27 to 29.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 31.98 to 32.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 33.24 to 33.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 BOAT is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BOAT is down. |
| ChartMill Relative Strength | 64.4 | NEUTRAL | BOAT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BOAT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BOAT is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BOAT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.66 | NEUTRAL | The RSI value for BOAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests BOAT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.16 | NEUTRAL | The Stochastics value for BOAT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.25 | LOW VOLATILITY | The low ATR as a percentage value for BOAT suggests low volalility. |
| Average Directional Index/ADX (14) | 16.5 | NEGATIVE | The low ADX value for BOAT suggests a weak or negative trend. |
31.9199
+0.5 (+1.6%)
SONICSHARES GLOBAL SHIPPING / BOAT FAQ
What is the technical rating for BOAT stock?
ChartMill assigns a technical rating of 4 / 10 to BOAT.
What is the trend direction for BOAT stock?
The current trend direction for SONICSHARES GLOBAL SHIPPING (BOAT) is Bullish.
What is the RSI signal for SONICSHARES GLOBAL SHIPPING (BOAT) stock?
SONICSHARES GLOBAL SHIPPING (BOAT) has an RSI value of 47.6606. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SONICSHARES GLOBAL SHIPPING?
The short term momentum for SONICSHARES GLOBAL SHIPPING (BOAT) is negative.
Can you provide the buy/sell signal for SONICSHARES GLOBAL SHIPPING?
The buy/sell signal for SONICSHARES GLOBAL SHIPPING (BOAT) is hold as the short term and long term trends are mixed.