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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that DSX is one of the better performing stocks in the market, outperforming 88% of all stocks.
- A new 52 week high is currently being made by DSX, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month DSX has a been trading in the 2.12 - 2.65 range, which is quite wide. It is currently trading near the high of this range.
- 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although DSX has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
1.61
When analyzing the support we can see 4 important areas.
- Support @2.40 from a trend line 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.61 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 | 88.22 | POSITIVE | DSX has a high relative strength, it outperformed 88.22% 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) | 72.59 | OVERBOUGHT | The high RSI value suggests DSX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests DSX has a positive trend. |
| Stochastics (14,3) | 89.26 | OVERBOUGHT | The high Stochastics value suggests DSX may be overbought. |
| Average True Range in percent/ATR (20) | 4.26 | MEDIUM VOLATILITY | The ATR as a percentage value for DSX suggests some volalility. |
| Average Directional Index/ADX (14) | 53.53 | POSITIVE | The high ADX value value for DSX suggests a strong trend. |
2.6
+0.02 (+0.78%)
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 72.5905. This indicates that the stock is currently overbought.
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 2.4 and a resistance level at 2.61. Check the full technical report for our detailed analysis of DSX support and resistance levels.