DSX Technical Analysis - DIANA SHIPPING INC

Technical Rating and Analysis

Overall DSX gets a technical rating of 4 out of 10. In the last year, DSX was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.

81% of all other stocks performed better in the past year than DSX.

In the last month DSX has a been trading in the 1.63 - 1.98 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

DSX is an average performer in the Marine Transportation industry, it outperforms 50% of 35 stocks in the same industry.

DSX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DSX is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

DIANA SHIPPING INC / DSX Weekly stock chart

DIANA SHIPPING INC / DSX Daily stock chart

Setup Rating and Analysis

DSX has an average technical rating and it also does not offer a high quality setup 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.45

1.98

We found 3 important support areas.

A support zone ranging from 1.56 to 1.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 1.49 to 1.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @1.46 from a horizontal line in the daily time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 1.88 to 1.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 1.94 to 1.96. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Support and Resistance indicators

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for DSX is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for DSX is down.
ChartMill Relative Strength	19.38	NEGATIVE	DSX has a low relative strength, it was outperformed by 80.62% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of DSX is below 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)	DOWN	MIXED	The current price of DSX is above a declining SMA(200).
Relative Strength Index/RSI (14)	44.76	NEUTRAL	The RSI value for DSX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.03	NEGATIVE	The MACD value suggests DSX has a negative trend.
Stochastics (14,3)	14.63	OVERSOLD	The low Stochastics value suggests DSX may be oversold.
Average True Range in percent/ATR (20)	5.3	HIGH VOLATILITY	The high ATR as a percentage value for DSX suggests high volalility.
Average Directional Index/ADX (14)	36.19	POSITIVE	The high ADX value value for DSX suggests a strong trend.