DIANA SHIPPING INC (DSX) Stock Technical Analysis
NYSE:DSX • MHY2066G1044
Taking everything into account, DSX scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, DSX has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that DSX is one of the better performing stocks in the market, outperforming 87% of all stocks.
- DSX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- DSX 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.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- DSX is an average performer in the Marine Transportation industry, it outperforms 55% of 35 stocks in the same industry.
DSX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.59. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for DSX in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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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We found 4 important support areas.
- A support zone ranging from 2.49 to 2.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 1.73 to 1.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.68 from a horizontal line in the daily time frame.
- Support @1.63 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.59 to 2.61. 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 DSX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DSX is up. |
| ChartMill Relative Strength | 87.21 | POSITIVE | DSX has a high relative strength, it outperformed 87.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DSX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DSX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DSX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.57 | NEUTRAL | The RSI value for DSX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests DSX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.48 | OVERBOUGHT | The high Stochastics value suggests DSX may be overbought. |
| Average True Range in percent/ATR (20) | 4.53 | MEDIUM VOLATILITY | The ATR as a percentage value for DSX suggests some volalility. |
| Average Directional Index/ADX (14) | 50.42 | POSITIVE | The high ADX value value for DSX 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 |
|---|---|---|---|
| 2.62 | 2.48 | 0.14 (5.34%) | 18.71% |
| An entry @2.62. This is a Buy Stop order right above the resistance zone. | An exit @2.48. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.14 points, which is 5.34%. | When investing 18.71% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of DSX. Please evaluate whether better entry and exit points can be found.
- 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.
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DIANA SHIPPING INC / DSX FAQ
Can you provide the ChartMill technical rating for DIANA SHIPPING INC?
ChartMill assigns a technical rating of 10 / 10 to DSX.
What is the trend direction for DSX stock?
The current trend direction for DIANA SHIPPING INC (DSX) is Bullish.
What is the RSI signal for DSX stock?
DIANA SHIPPING INC (DSX) has an RSI value of 67.5732. This indicates that the stock is currently neutral.
What is the short term momentum for DIANA SHIPPING INC (DSX) stock?
The short term momentum for DIANA SHIPPING INC (DSX) is positive.
What are the support and resistance levels for DIANA SHIPPING INC (DSX) stock?
DIANA SHIPPING INC (DSX) has a support level at 2.52 and a resistance level at 2.59. Check the full technical report for our detailed analysis of DSX support and resistance levels.