SAFE BULKERS INC (SB) Stock Technical Analysis
NYSE:SB • MHY7388L1039
Overall SB gets a technical rating of 10 out of 10. Both in the recent history as in the last year, SB has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, SB did better than 91% of all other stocks. We also observe that the gains produced by SB over the past year are nicely spread over this period.
- SB is one of the better performing stocks in the Marine Transportation industry, it outperforms 70% of 35 stocks in the same industry.
- A new 52 week high is currently being made by SB, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month SB has a been trading in the 5.42 - 6.59 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although SB has an excellent technical rating, it does not offer a high quality setup 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
4.65
When analyzing the support we can see 4 important areas.
- Support @5.86 from a trend line in the daily time frame.
- Support @5.26 from a trend line in the daily time frame.
- Support @4.81 from a trend line in the weekly time frame.
- Support @4.70 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 SB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SB is up. |
| ChartMill Relative Strength | 91.42 | POSITIVE | SB has a high relative strength, it outperformed 91.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.26 | OVERBOUGHT | The high RSI value suggests SB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests SB has a positive trend. |
| Stochastics (14,3) | 97.92 | OVERBOUGHT | The high Stochastics value suggests SB may be overbought. |
| Average True Range in percent/ATR (20) | 3.3 | MEDIUM VOLATILITY | The ATR as a percentage value for SB suggests some volalility. |
| Average Directional Index/ADX (14) | 34.78 | POSITIVE | The high ADX value value for SB suggests a strong trend. |
6.56
+0.02 (+0.31%)
SAFE BULKERS INC / SB FAQ
What is the technical rating for SB stock?
ChartMill assigns a technical rating of 10 / 10 to SB.
What is the current trend direction of SAFE BULKERS INC (SB) stock?
The current trend direction for SAFE BULKERS INC (SB) is Bullish.
What is the RSI signal for SAFE BULKERS INC (SB) stock?
SAFE BULKERS INC (SB) has an RSI value of 74.255. This indicates that the stock is currently overbought.
What is the buy/sell signal for SB stock?
The buy/sell signal for SAFE BULKERS INC (SB) is buy as both the short term and long term trends are positive.
What is the support and resistance level for SB stock?
SAFE BULKERS INC (SB) has a support level at 5.86. Check the full technical report for our detailed analysis of SB support and resistance levels.