DIANA SHIPPING INC (DSX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DSX - MHY2066G1044 - Common Stock
We assign a technical rating of 1 out of 10 to DSX. DSX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, DSX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 1.68, a Stop Loss order could be placed below this zone.
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1.55
We found 3 important support areas.
- A support zone ranging from 1.66 to 1.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.63 from a horizontal line in the daily time frame.
- Support @1.57 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 1.71 to 1.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.91 from a trend line in the weekly time frame.
- A resistance zone ranging from 1.95 to 1.97. 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 | 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 | 26.2 | NEGATIVE | DSX has a low relative strength, it was outperformed by 73.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DSX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of DSX is below 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) | 42.85 | NEUTRAL | The RSI value for DSX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests DSX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.62 | OVERSOLD | The low Stochastics value suggests DSX may be oversold. |
| Average True Range in percent/ATR (20) | 4.31 | MEDIUM VOLATILITY | The ATR as a percentage value for DSX suggests some volalility. |
| Average Directional Index/ADX (14) | 17.95 | NEGATIVE | The low ADX value for DSX suggests a weak or negative trend. |
1.695
0 (-0.29%)
DIANA SHIPPING INC / DSX FAQ
Can you provide the ChartMill technical rating for DIANA SHIPPING INC?
ChartMill assigns a technical rating of 1 / 10 to DSX.
Can you provide the trend direction for DIANA SHIPPING INC?
The current trend direction for DIANA SHIPPING INC (DSX) is Bearish.
What is the RSI signal for DSX stock?
DIANA SHIPPING INC (DSX) has an RSI value of 42.85. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DIANA SHIPPING INC?
The MACD indicator for DIANA SHIPPING INC (DSX) has a value of -0.0164695, indicating a bearish trend.
What is the support and resistance level for DSX stock?
DIANA SHIPPING INC (DSX) has a support level at 1.68 and a resistance level at 1.71. Check the full technical report for our detailed analysis of DSX support and resistance levels.