GENCO SHIPPING & TRADING LTD (GNK) Stock Technical Analysis
NYSE:GNK - New York Stock Exchange, Inc. - MHY2685T1313 - Common Stock - Currency: USD
Taking everything into account, GNK scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. GNK was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, GNK is a bad performer in the overall market: 82% of all stocks are doing better.
GNK is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GNK is lagging the market.
In the last month GNK has a been trading in the 12.66 - 14.39 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
GNK is an average performer in the Marine Transportation industry, it outperforms 61% of 32 stocks in the same industry.
The technical rating of GNK is bad and it also does not present a quality setup 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
12.90
14.73
3 important support areas can be observed.
- Support @13.99 from a trend line in the daily time frame.
- A support zone ranging from 13.51 to 13.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.03 to 13.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 14.21 to 14.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 14.57 to 14.58. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for GNK is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GNK is up. |
| ChartMill Relative Strength | 18.24 | NEGATIVE | GNK has a low relative strength, it was outperformed by 81.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GNK is above a declining 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) | DOWN | NEGATIVE | The current price of GNK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.09 | NEUTRAL | The RSI value for GNK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests GNK has a positive trend. |
| Stochastics (14,3) | 95.74 | OVERBOUGHT | The high Stochastics value suggests GNK may be overbought. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for GNK suggests some volalility. |
| Average Directional Index/ADX (14) | 16.22 | NEGATIVE | The low ADX value for GNK suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
14.12
+0.14 (+1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg1%
1 Week4.75%
2 Weeks6.65%
1 Month-0.7%
3 Month1.58%
6 Month-3.88%
12 Month-30.95%
2 Year0.64%
3 Year-26.92%
5 Year124.84%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%2.62%
ATR Inc-14.01%
Range Today0.38
ADR(20)0.35
ADR(20)%2.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.24
Mansfield-1.47
10 Day High14.14
10 Day Low12.66
20 Day High14.39
20 Day Low12.66
52 Week High22.18
52 Week Low11.2
CS1 End13.99
CR1 Start14.21
Volume & EV
DER(3)-0.4%
DER(5)0.81%
Volume974.00K
Volume Incr7.01%
Vol(5)746.30K
Vol(50)737.19K