SAFE BULKERS INC (SB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SB - MHY7388L1039 - Common Stock
Overall SB gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
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.
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4.09
When analyzing the support we can see 3 important areas.
- Support @4.56 from a trend line in the daily time frame.
- A support zone ranging from 4.41 to 4.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 4.13 to 4.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @5.32 from a horizontal line in the weekly time frame.
- Resistance @5.42 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 | DOWN | NEGATIVE | The short term trend for SB is down. |
| ChartMill Relative Strength | 84.7 | POSITIVE | SB has a high relative strength, it outperformed 84.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SB is below 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) | 40.81 | NEUTRAL | The RSI value for SB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests SB has a negative trend. |
| Stochastics (14,3) | 6.13 | OVERSOLD | The low Stochastics value suggests SB may be oversold. |
| Average True Range in percent/ATR (20) | 3.14 | MEDIUM VOLATILITY | The ATR as a percentage value for SB suggests some volalility. |
| Average Directional Index/ADX (14) | 29.14 | POSITIVE | The high ADX value value for SB suggests a strong trend. |
4.8
-0.03 (-0.62%)
SAFE BULKERS INC / SB FAQ
What is the technical rating for SB stock?
ChartMill assigns a technical rating of 9 / 10 to SB.
Can you provide the trend direction for SAFE BULKERS INC?
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 40.813. This indicates that the stock is currently neutral.
What is the MACD signal for SAFE BULKERS INC (SB) stock?
The MACD indicator for SAFE BULKERS INC (SB) has a value of -0.0683763, indicating a bearish trend.
Can you provide the support and resistance levels for SAFE BULKERS INC?
SAFE BULKERS INC (SB) has a support level at 4.56 and a resistance level at 5.32. Check the full technical report for our detailed analysis of SB support and resistance levels.