GENCO SHIPPING & TRADING LTD (GNK) Technical Analysis
NYSE:GNK • MHY2685T1313
Current stock price
GNK Technical Rating and Analysis
Taking everything into account, GNK scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GNK is showing a nice and steady performance.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, GNK did better than 90% of all other stocks. We also observe that the gains produced by GNK over the past year are nicely spread over this period.
- 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.
- GNK is an average performer in the Marine Transportation industry, it outperforms 67% of 35 stocks in the same industry.
- In the last month GNK has a been trading in the 21.96 - 24.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GNK Weekly and Daily overview Charts
GNK Setup Rating and Analysis
Besides having an excellent technical rating, GNK also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 24.45. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.97, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
GNK Support and Resistance Analysis
20.00
We found 3 important support areas.
- A support zone ranging from 22.92 to 22.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 20.84 to 20.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.20 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.45 to 24.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
GNK 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 | NEUTRAL | NEUTRAL | The short term trend for GNK is neutral. |
| ChartMill Relative Strength | 90.05 | POSITIVE | GNK has a high relative strength, it outperformed 90.05% 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) | 53.1 | NEUTRAL | The RSI value for GNK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests GNK has a negative trend. |
| Stochastics (14,3) | 51.34 | NEUTRAL | The Stochastics value for GNK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.43 | MEDIUM VOLATILITY | The ATR as a percentage value for GNK suggests some volalility. |
| Average Directional Index/ADX (14) | 14.59 | NEGATIVE | The low ADX value for GNK suggests a weak or negative trend. |
GNK Chart- and CandleStick Pattern Analysis
GNK Example Setup
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 |
|---|---|---|---|
| 24.47 | 22.91 | 1.56 (6.38%) | 15.69% |
| An entry @24.47. This is a Buy Stop order right above the resistance zone. | An exit @22.91. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.56 points, which is 6.38%. | When investing 15.69% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
GNK Technicals: Chart, Performance Metrics, Trend & Indicators
23.72
+0.75 (+3.27%)
GENCO SHIPPING & TRADING LTD / GNK TA FAQ
What is the ChartMill technical rating of GENCO SHIPPING & TRADING LTD (GNK) stock?
ChartMill assigns a technical rating of 10 / 10 to GNK.
What is the current trend direction of GENCO SHIPPING & TRADING LTD (GNK) stock?
The current trend direction for GENCO SHIPPING & TRADING LTD (GNK) is Bullish.
Can you provide the RSI signal for GENCO SHIPPING & TRADING LTD?
GENCO SHIPPING & TRADING LTD (GNK) has an RSI value of 53.0987. This indicates that the stock is currently neutral.
What is the MACD signal for GNK stock?
The MACD indicator for GENCO SHIPPING & TRADING LTD (GNK) has a value of -0.0443052, indicating a bearish trend.
Can you provide the support and resistance levels for GENCO SHIPPING & TRADING LTD?
GENCO SHIPPING & TRADING LTD (GNK) has a support level at 22.97 and a resistance level at 24.45. Check the full technical report for our detailed analysis of GNK support and resistance levels.