EURODRY LTD (EDRY)
MHY235081079 - Common Stock
We assign a technical rating of 2 out of 10 to EDRY. In the last year, EDRY was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
EDRY is part of the Marine Transportation industry. There are 29 other stocks in this industry, of which 60% are performing better than EDRY.
EDRY is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Warning: EDRY has an average volume of 9410 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Looking at the yearly performance, EDRY did better than 78% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
EDRY is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EDRY is lagging the market slightly.
EDRY has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 20.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.31, a Stop Loss order could be placed below this zone.
More info and screens
14.53
23.58
We found 2 important support areas.
- A support zone ranging from 19.85 to 20.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.68 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 20.37 to 20.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @23.35 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.74
Mansfield0.78
10 Day High20.77
10 Day Low19.69
20 Day High20.92
20 Day Low19.01
52 Week High23.98
52 Week Low13.42
Performance
1 Week-0.33%
2 Weeks0.6%
1 Month-2.25%
3 Month-0.72%
6 Month36.2%
12 Month32.39%
2 Year-28.07%
3 Year11.57%
5 Year170.68%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.06
RSI(14)44.97
LBB19.78
UBB20.83
EURODRY LTD
NASDAQ:EDRY (5/2/2024, 7:00:01 PM)
20.3622
+0.07 (+0.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg0.33%
1 Week-0.33%
2 Weeks0.6%
1 Month-2.25%
3 Month-0.72%
6 Month36.2%
12 Month32.39%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.49
ATR(20)%2.62%
ATR Inc
Range Today0.13
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High20.77
10 Day Low19.69
20 Day High20.92
20 Day Low19.01
52 Week High23.98
52 Week Low13.42
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.30K
Volume Incr156.26%
Vol(5)14.44K
Vol(50)9.41K