DIANA SHIPPING INC (DSX) Stock Technical Analysis
NYSE:DSX - MHY2066G1044 - Common Stock
1.67 USD
+0.03 (+1.83%)
1.68 USD
+0.01 (+0.6%)
Taking everything into account, DSX scores 6 out of 10 in our technical rating. 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.
When comparing the yearly performance of all stocks, DSX is a bad performer in the overall market: 85% of all stocks are doing better.
DSX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month DSX has a been trading in the 1.51 - 1.70 range, which is quite wide. It is currently trading near the high of this range.
DSX is part of the Marine Transportation industry. There are 35 other stocks in this industry, DSX did better than 50% of them.
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 a resistance zone just above the current price starting at 1.68. 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.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.45
1.70
5 important support areas can be observed.
- A support zone ranging from 1.64 to 1.65. 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 1.58 to 1.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.53 to 1.54. 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.68 to 1.68. 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 | UP | POSITIVE | The short term trend for DSX is up. |
| ChartMill Relative Strength | 15.58 | NEGATIVE | DSX has a low relative strength, it was outperformed by 84.42% 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 | NEGATIVE | The current price of DSX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.27 | 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) | 70.22 | NEUTRAL | The Stochastics value for DSX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for DSX suggests some volalility. |
| Average Directional Index/ADX (14) | 27.94 | POSITIVE | The high ADX value value for DSX suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 1.69 | 1.63 | 0.06 (3.55%) | 25.00% |
| An entry @1.69. This is a Buy Stop order right above the resistance zone. | An exit @1.63. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.06 points, which is 3.55%. | For a 0.89% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
1.67
+0.03 (+1.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg1.83%
1 Week1.21%
2 Weeks3.09%
1 Month8.44%
3 Month7.74%
6 Month-7.73%
12 Month-27.71%
2 Year-51.87%
3 Year-53.74%
5 Year18.44%
10 Year-74.23%
15 Year-86.85%
Volatility
ATR(14)0.06
ATR(20)%3.24%
ATR Inc-30.25%
Range Today0.05
ADR(20)0.05
ADR(20)%3.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.58
Mansfield-1.55
10 Day High1.7
10 Day Low1.6
20 Day High1.7
20 Day Low1.51
52 Week High2.58
52 Week Low1.27
CS1 End1.65
CR1 Start1.68
Volume & EV
DER(3)5.33%
DER(5)2.18%
Volume270.20K
Volume Incr-29.21%
Vol(5)230.74K
Vol(50)284.53K