EAGLE BULK SHIPPING INC (EGLE)
MHY2187A1507 - Common Stock
Taking everything into account, EGLE scores 8 out of 10 in our technical rating. In the last year, EGLE was one of the better performers, but we do observe some doubts in the very recent evolution.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, EGLE did better than 88% of all other stocks.
EGLE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so EGLE is performing more or less in line with the market.
In the last month EGLE has a been trading in the 59.79 - 64.98 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
EGLE is part of the Marine Transportation industry. There are 30 other stocks in this industry, EGLE did better than 65% of them.
Volume is considerably higher in the last couple of days.
EGLE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. Another positive sign is the recent Pocket Pivot signal.
- 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
40.19
66.17
When analyzing the support we can see 3 important areas.
- Support @61.42 from a horizontal line in the daily time frame.
- A support zone ranging from 53.31 to 53.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @40.60 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 62.78 to 62.92. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 64.17 to 65.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.14
Mansfield1.31
10 Day High64.98
10 Day Low60.42
20 Day High64.98
20 Day Low59.79
52 Week High65.09
52 Week Low39.15
Performance
1 Week1.34%
2 Weeks-3.01%
1 Month-2.89%
3 Month17.36%
6 Month46.4%
12 Month32.8%
2 Year0.58%
3 Year44.44%
5 Year64.09%
10 Year-99.15%
15 Year-99.9%
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)-0.27
RSI(14)53.21
LBB61.06
UBB64.35
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 |
|---|---|---|---|
| 62.93 | 61.41 | 1.52 (2.42%) | 25.00% |
| An entry @62.93. This is a Buy Stop order right above the resistance zone. | An exit @61.41. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.52 points, which is 2.42%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.60%. |
- The distance between exit and entry is rather small compared to the average daily movement of EGLE. 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.
EAGLE BULK SHIPPING INC
NYSE:EGLE (4/8/2024, 7:04:01 PM)
After market: 62.6 0 (0%)62.6
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg0%
1 Week1.34%
2 Weeks-3.01%
1 Month-2.89%
3 Month17.36%
6 Month46.4%
12 Month32.8%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.71
ATR(20)%2.64%
ATR Inc
Range Today1.61
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 High64.98
10 Day Low60.42
20 Day High64.98
20 Day Low59.79
52 Week High65.09
52 Week Low39.15
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume2.85M
Volume Incr580%
Vol(5)972.50K
Vol(50)226.50K