GNK Technical Analysis - GENCO SHIPPING & TRADING LTD

Technical Rating and Analysis

Taking everything into account, GNK scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GNK is only an average performer.

The long and short term trends are both positive. This is looking good!

GNK is part of the Marine Transportation industry. There are 35 other stocks in this industry. GNK outperforms 82% of them.

GNK 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 GNK is lagging the market slightly.

When comparing the yearly performance of all stocks, we notice that GNK is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

In the last month GNK has a been trading in the 16.70 - 19.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GENCO SHIPPING & TRADING LTD / GNK Weekly stock chart

GENCO SHIPPING & TRADING LTD / GNK Daily stock chart

Setup Rating and Analysis

Although GNK 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

14.61

18.90

When analyzing the support we can see 4 important areas.

Support @17.58 from a trend line in the daily time frame.
Support @15.76 from a horizontal line in the daily time frame.
Support @15.03 from a trend line in the daily time frame.
Support @14.76 from a trend line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 18.61 to 18.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Technical Indicator Signal Analysis

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 GNK is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for GNK is up.
ChartMill Relative Strength	79.93	POSITIVE	GNK has a high relative strength, it outperformed 79.93% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of GNK is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of GNK is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of GNK is above the rising SMA(200).
Relative Strength Index/RSI (14)	60.51	NEUTRAL	The RSI value for GNK is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests GNK has a positive trend, although the MACD value is declining.
Stochastics (14,3)	73.58	NEUTRAL	The Stochastics value for GNK is a neutral value.
Average True Range in percent/ATR (20)	2.54	MEDIUM VOLATILITY	The ATR as a percentage value for GNK suggests some volalility.
Average Directional Index/ADX (14)	29.85	POSITIVE	The high ADX value value for GNK suggests a strong trend.