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 last year, PSHG was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
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 1.88. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.82, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PSHG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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1.62
2 important support areas can be observed.
- Support @1.67 from a horizontal line in the weekly time frame.
- Support @1.64 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1.80 to 1.82. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.88 to 1.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.94 from a horizontal line 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 | 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 | 49.77 | NEUTRAL | PSHG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PSHG is below 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) | 54.91 | NEUTRAL | The RSI value for PSHG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests PSHG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.22 | NEUTRAL | The Stochastics value for PSHG is a neutral value. |
| Average True Range in percent/ATR (20) | 5.87 | HIGH VOLATILITY | The high ATR as a percentage value for PSHG suggests high volalility. |
| Average Directional Index/ADX (14) | 22.2 | NEUTRAL | The ADX value for PSHG suggests a possible start of a new trend. |
NASDAQ:PSHG (8/7/2025, 3:20:20 PM)
1.79
-0.04 (-2.19%)