STEALTHGAS INC (GASS) Stock Technical Analysis
NASDAQ:GASS - Nasdaq - MHY816691064 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to GASS. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GASS is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
GASS is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 70% of 210 stocks in the same industry.
GASS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GASS is lagging the market slightly.
In the last month GASS has a been trading in the 6.26 - 7.16 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.
When comparing the performance of all stocks over the past year, GASS turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, GASS also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 6.43, a Stop Loss order could be placed below this zone.
More info and screens
4.82
7.31
6 important support areas can be observed.
- A support zone ranging from 6.40 to 6.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.82 from a trend line in the daily time frame.
- Support @5.54 from a horizontal line in the daily time frame.
- Support @5.36 from a trend line in the weekly time frame.
- Support @5.12 from a trend line in the daily time frame.
- Support @4.87 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @6.77 from a horizontal line in the weekly time frame.
- Resistance @7.24 from a horizontal line in the daily time frame.
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 GASS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GASS is up. |
| ChartMill Relative Strength | 67.68 | NEUTRAL | GASS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GASS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GASS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of GASS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.67 | NEUTRAL | The RSI value for GASS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests GASS has a negative trend. |
| Stochastics (14,3) | 64.56 | NEUTRAL | The Stochastics value for GASS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.31 | MEDIUM VOLATILITY | The ATR as a percentage value for GASS suggests some volalility. |
| Average Directional Index/ADX (14) | 31.54 | POSITIVE | The high ADX value value for GASS 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 |
|---|---|---|---|
| 6.59 | 6.39 | 0.20 (2.98%) | 25.00% |
| An entry @6.59. This is a Buy Stop order right above the 10 day moving average. | An exit @6.39. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.20 points, which is 2.98%. | For a 0.74% 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 GASS. 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.
6.5
-0.11 (-1.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.66%
1 Week-1.96%
2 Weeks1.4%
1 Month-3.42%
3 Month26.46%
6 Month10.92%
12 Month-0.76%
2 Year31.85%
3 Year140.74%
5 Year169.71%
10 Year15.45%
15 Year38%
Volatility
ATR(14)0.18
ATR(20)%3.31%
ATR Inc-14.05%
Range Today0.17
ADR(20)0.21
ADR(20)%3.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.68
Mansfield0.23
10 Day High6.79
10 Day Low6.27
20 Day High7.16
20 Day Low6.27
52 Week High7.26
52 Week Low4.82
CS1 End6.43
CR1 Start6.77
Volume & EV
DER(3)-5.98%
DER(5)-2.75%
Volume50.00K
Volume Incr-46.18%
Vol(5)54.68K
Vol(50)90.66K