PERFORMANCE SHIPPING INC (PSHG) Stock Technical Analysis
NASDAQ:PSHG • MHY673051543
We assign a technical rating of 2 out of 10 to PSHG. PSHG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- PSHG is one of the lesser performing stocks in the Marine Transportation industry. 61% of 35 stocks in the same industry do better.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, PSHG outperforms 67% of them, which is more or less in line with the market.
- 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.
- In the last month PSHG has a been trading in the 1.92 - 2.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
PSHG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 2.06, a Stop Loss order could be placed below this zone.
More info and screens
1.90
2 important support areas can be observed.
- A support zone ranging from 2.02 to 2.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.92 to 1.95. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 2.08 to 2.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.40 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for PSHG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PSHG is neutral. |
| ChartMill Relative Strength | 67.3 | NEUTRAL | PSHG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PSHG is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PSHG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PSHG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.8 | NEUTRAL | The RSI value for PSHG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PSHG has a positive trend. |
| Stochastics (14,3) | 51.3 | NEUTRAL | The Stochastics value for PSHG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.85 | MEDIUM VOLATILITY | The ATR as a percentage value for PSHG suggests some volalility. |
| Average Directional Index/ADX (14) | 13.3 | NEGATIVE | The low ADX value for PSHG suggests a weak or negative trend. |
2.08
0 (0%)
PERFORMANCE SHIPPING INC / PSHG FAQ
Can you provide the ChartMill technical rating for PERFORMANCE SHIPPING INC?
ChartMill assigns a technical rating of 2 / 10 to PSHG.
What is the current trend direction of PERFORMANCE SHIPPING INC (PSHG) stock?
The current trend direction for PERFORMANCE SHIPPING INC (PSHG) is Bearish.
What is the RSI signal for PERFORMANCE SHIPPING INC (PSHG) stock?
PERFORMANCE SHIPPING INC (PSHG) has an RSI value of 49.8045. This indicates that the stock is currently neutral.
What is the MACD signal for PSHG stock?
The MACD indicator for PERFORMANCE SHIPPING INC (PSHG) has a value of 0.00861153, indicating a bearish trend.
Can you provide the short term momentum for PERFORMANCE SHIPPING INC?
The short term momentum for PERFORMANCE SHIPPING INC (PSHG) is neutral.