GENCO SHIPPING & TRADING LTD (GNK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GNK - MHY2685T1313 - Common Stock
We assign a technical rating of 9 out of 10 to GNK. 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.
Although GNK has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
15.66
When analyzing the support we can see 5 important areas.
- A support zone ranging from 17.74 to 17.88. 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 17.26 to 17.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.85 from a trend line in the weekly time frame.
- Support @16.47 from a trend line in the daily 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 18.92 to 19.26. 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 | 83.15 | POSITIVE | GNK has a high relative strength, it outperformed 83.15% 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) | 67.09 | NEUTRAL | The RSI value for GNK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests GNK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.5 | NEUTRAL | The Stochastics value for GNK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.86 | MEDIUM VOLATILITY | The ATR as a percentage value for GNK suggests some volalility. |
| Average Directional Index/ADX (14) | 22.4 | NEUTRAL | The ADX value for GNK suggests a possible start of a new trend. |
18.88
-0.04 (-0.21%)
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 9 / 10 to GNK.
What is the trend direction for GNK stock?
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 67.0932. 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 0.148506, indicating a bearish trend.
What is the short term momentum for GENCO SHIPPING & TRADING LTD (GNK) stock?
The short term momentum for GENCO SHIPPING & TRADING LTD (GNK) is positive.