GENCO SHIPPING & TRADING LTD (GNK) Stock Technical Analysis
NYSE:GNK • MHY2685T1313
Overall GNK gets a technical rating of 10 out of 10. Both in the recent history as in the last year, GNK has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that GNK is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, GNK also shows a nice and consistent pattern of rising prices.
- GNK is one of the better performing stocks in the Marine Transportation industry, it outperforms 73% of 35 stocks in the same industry.
- GNK is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so GNK is leading the market.
- In the last month GNK has a been trading in the 19.67 - 24.81 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.
GNK has an excellent technical rating, but the quality of the setup is only medium 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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15.66
When analyzing the support we can see 4 important areas.
- A support zone ranging from 23.48 to 23.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.70 from a trend line in the daily time frame.
- Support @18.93 from a trend line in the weekly time frame.
- Support @15.82 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 24.05 to 24.45. 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 GNK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GNK is up. |
| ChartMill Relative Strength | 91.04 | POSITIVE | GNK has a high relative strength, it outperformed 91.04% 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) | 67.47 | NEUTRAL | The RSI value for GNK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests GNK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.77 | OVERBOUGHT | The high Stochastics value suggests GNK may be overbought. |
| Average True Range in percent/ATR (20) | 3.55 | MEDIUM VOLATILITY | The ATR as a percentage value for GNK suggests some volalility. |
| Average Directional Index/ADX (14) | 42.05 | POSITIVE | The high ADX value value for GNK suggests a strong trend. |
23.98
-0.47 (-1.92%)
GENCO SHIPPING & TRADING LTD / GNK FAQ
What is the ChartMill technical rating of GENCO SHIPPING & TRADING LTD (GNK) stock?
ChartMill assigns a technical rating of 10 / 10 to GNK.
Can you provide the trend direction for GENCO SHIPPING & TRADING LTD?
The current trend direction for GENCO SHIPPING & TRADING LTD (GNK) is Bullish.
What is the RSI signal for GENCO SHIPPING & TRADING LTD (GNK) stock?
GENCO SHIPPING & TRADING LTD (GNK) has an RSI value of 67.465. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GENCO SHIPPING & TRADING LTD?
The MACD indicator for GENCO SHIPPING & TRADING LTD (GNK) has a value of 0.053945, indicating a bearish trend.
Can you provide the short term momentum for GENCO SHIPPING & TRADING LTD?
The short term momentum for GENCO SHIPPING & TRADING LTD (GNK) is positive.