PERFORMANCE SHIPPING INC (PSHG) Stock Technical Analysis
NASDAQ:PSHG - Nasdaq - MHY673051543 - Common Stock - Currency: USD
Overall PSHG gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, PSHG is only an average performer.
In the last month PSHG has a been trading in the 1.67 - 2.34 range, which is quite wide. It is currently trading near the lows of this range.
The long and short term trends are both positive. This is looking good!
PSHG is part of the Marine Transportation industry. There are 36 other stocks in this industry. PSHG outperforms 80% of them.
When comparing the performance of all stocks over the past year, PSHG turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
PSHG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PSHG is lagging the market.
PSHG 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.
More info and screens
1.65
2.10
2 important support areas can be observed.
- A support zone ranging from 1.72 to 1.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.67 to 1.67. 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 1.91 to 1.94. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @2.08 from a horizontal line 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 | UP | POSITIVE | The long term trend for PSHG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PSHG is up. |
| ChartMill Relative Strength | 58.14 | NEUTRAL | PSHG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PSHG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PSHG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PSHG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.02 | NEUTRAL | The RSI value for PSHG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests PSHG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 61.67 | NEUTRAL | The Stochastics value for PSHG is a neutral value. |
| Average True Range in percent/ATR (20) | 7.02 | HIGH VOLATILITY | The high ATR as a percentage value for PSHG suggests high volalility. |
| Average Directional Index/ADX (14) | 33.53 | POSITIVE | The high ADX value value for PSHG suggests a strong 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)
1.86
-0.02 (-1.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg-1.06%
1 Week6.29%
2 Weeks4.49%
1 Month6.9%
3 Month32.86%
6 Month8.14%
12 Month-12.68%
2 Year92.15%
3 Year-54.91%
5 Year-98.03%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%7.02%
ATR Inc-11.2%
Range Today0.08
ADR(20)0.13
ADR(20)%6.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.14
Mansfield-0.21
10 Day High1.92
10 Day Low1.67
20 Day High2.34
20 Day Low1.67
52 Week High2.34
52 Week Low1.3
CS1 End1.73
CR1 Start1.91
Volume & EV
DER(3)-0.59%
DER(5)0.15%
Volume148.80K
Volume Incr-36.31%
Vol(5)122.50K
Vol(50)118.06K