DIANA SHIPPING INC (DSX) Stock Technical Analysis
USA - NYSE:DSX - MHY2066G1044 - Common Stock
We assign a technical rating of 4 out of 10 to DSX. In the last year, DSX was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, DSX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 1.69, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
1.48
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.67 to 1.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.57 to 1.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.49 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @1.82 from a trend line in the weekly time frame.
- A resistance zone ranging from 1.94 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 | NEUTRAL | NEUTRAL | The short term trend for DSX is neutral. |
| ChartMill Relative Strength | 26.3 | NEGATIVE | DSX has a low relative strength, it was outperformed by 73.7% 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) | DOWN | MIXED | The current price of DSX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.59 | NEUTRAL | The RSI value for DSX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests DSX has a positive trend. |
| Stochastics (14,3) | 60.87 | NEUTRAL | The Stochastics value for DSX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.43 | MEDIUM VOLATILITY | The ATR as a percentage value for DSX suggests some volalility. |
| Average Directional Index/ADX (14) | 16.2 | NEGATIVE | The low ADX value for DSX suggests a weak or negative trend. |
1.74
+0.06 (+3.57%)
DIANA SHIPPING INC / DSX FAQ
Can you provide the ChartMill technical rating for DIANA SHIPPING INC?
ChartMill assigns a technical rating of 4 / 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 53.5949. 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 0.00681937, indicating a bearish trend.
What is the support and resistance level for DSX stock?
DIANA SHIPPING INC (DSX) has a support level at 1.69 and a resistance level at 1.82. Check the full technical report for our detailed analysis of DSX support and resistance levels.