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.
- In the last month PSHG has a been trading in the 2.01 - 2.35 range, which is quite wide. It is currently trading near the lows of this range.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When comparing the yearly performance of all stocks, we notice that PSHG is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- PSHG is an average performer in the Marine Transportation industry, it outperforms 44% of 35 stocks in the same industry.
- 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.
- 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. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 2.03, a Stop Loss order could be placed below this zone.
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1.97
When analyzing the support we notice one important area.
- A support zone ranging from 1.99 to 2.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 2.32 to 2.33. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The short term trend for PSHG is down. |
| ChartMill Relative Strength | 74.84 | POSITIVE | PSHG has a high relative strength, it outperformed 74.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PSHG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PSHG is below the rising 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) | 41.42 | 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. |
| Stochastics (14,3) | 28.57 | NEUTRAL | The Stochastics value for PSHG is a neutral value. |
| Average True Range in percent/ATR (20) | 5.05 | HIGH VOLATILITY | The high ATR as a percentage value for PSHG suggests high volalility. |
| Average Directional Index/ADX (14) | 19.63 | NEGATIVE | The low ADX value for PSHG suggests a weak or negative trend. |
2.05
-0.06 (-2.84%)
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 41.42. 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 -0.0109376, 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 negative.