PERFORMANCE SHIPPING INC (PSHG) Stock Technical Analysis
NASDAQ:PSHG - Nasdaq - MHY673051543 - Common Stock - Currency: USD
Overall PSHG gets a technical rating of 5 out of 10. In the past year, PSHG was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
76% of all other stocks performed better in the past year than PSHG.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
PSHG is part of the Marine Transportation industry. There are 32 other stocks in this industry. PSHG outperforms 83% of them.
In the last month PSHG has a been trading in the 1.40 - 1.77 range, which is quite wide. It is currently trading near the high of this range.
PSHG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PSHG is lagging the market slightly.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, PSHG does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.73. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.40
1.87
We found 2 important support areas.
- A support zone ranging from 1.48 to 1.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.41 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.73 to 1.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.85 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 | NEUTRAL | NEUTRAL | The long term trend for PSHG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PSHG is up. |
| ChartMill Relative Strength | 24.79 | NEGATIVE | PSHG has a low relative strength, it was outperformed by 75.21% off all stocks 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 | NEGATIVE | The current price of PSHG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.18 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 64.41 | NEUTRAL | The Stochastics value for PSHG is a neutral value. |
| Average True Range in percent/ATR (20) | 6.47 | HIGH VOLATILITY | The high ATR as a percentage value for PSHG suggests high volalility. |
| Average Directional Index/ADX (14) | 28.07 | 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)
1.65
+0.05 (+3.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg3.45%
1 Week-1.2%
2 Weeks10.75%
1 Month13.01%
3 Month7.49%
6 Month-6.25%
12 Month-26.01%
2 Year108.81%
3 Year-80.04%
5 Year-98.16%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%6.47%
ATR Inc24.2%
Range Today0.14
ADR(20)0.1
ADR(20)%6.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.79
Mansfield-1.19
10 Day High1.77
10 Day Low1.43
20 Day High1.77
20 Day Low1.4
52 Week High2.3
52 Week Low1.3
CS1 End1.49
CR1 Start1.73
Volume & EV
DER(3)0.85%
DER(5)-1.89%
Volume107.25K
Volume Incr57.23%
Vol(5)79.84K
Vol(50)54.01K