GENCO SHIPPING & TRADING LTD (GNK) Stock Technical Analysis
USA - NYSE:GNK - MHY2685T1313 - Common Stock
Taking everything into account, GNK scores 4 out of 10 in our technical rating. In the last year, GNK was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
Although the technical rating is only medium, GNK does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 16.31, a Stop Loss order could be placed below this zone.
More info and screens
15.35
2 important support areas can be observed.
- A support zone ranging from 15.82 to 16.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.50 to 15.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @18.26 from a trend line in the weekly time frame.
- Resistance @18.71 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 19.16 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 | NEUTRAL | NEUTRAL | The long term trend for GNK is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GNK is neutral. |
| ChartMill Relative Strength | 48.01 | NEUTRAL | GNK is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of GNK is below a declining 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) | 54.27 | NEUTRAL | The RSI value for GNK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests GNK has a positive trend. |
| Stochastics (14,3) | 69.44 | NEUTRAL | The Stochastics value for GNK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for GNK suggests some volalility. |
| Average Directional Index/ADX (14) | 20.84 | NEUTRAL | The ADX value for GNK suggests a possible start of a new trend. |
16.95
+0.19 (+1.13%)
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 4 / 10 to GNK.
What is the trend direction for GNK stock?
The current trend direction for GENCO SHIPPING & TRADING LTD (GNK) is Bearish.
What is the RSI signal for GENCO SHIPPING & TRADING LTD (GNK) stock?
GENCO SHIPPING & TRADING LTD (GNK) has an RSI value of 54.2688. 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 0.123848, 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 neutral.