SAFE BULKERS INC (SB) Stock Technical Analysis
NYSE:SB - New York Stock Exchange, Inc. - MHY7388L1039 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to SB. Although SB is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
68% of all other stocks performed better in the past year than SB.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month SB has a been trading in the 3.61 - 4.40 range, which is quite wide. It is currently trading near the high of this range.
SB is part of the Marine Transportation industry. There are 36 other stocks in this industry, SB did better than 65% of them.
SB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SB is lagging the market.
SB has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 4.00, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
3.15
4.47
We found 3 important support areas.
- A support zone ranging from 3.97 to 4.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.60 to 3.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.18 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 4.22 to 4.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.33 from a horizontal line in the daily time frame.
- Resistance @4.43 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 | 32.04 | NEUTRAL | SB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SB is above a declining 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) | DOWN | MIXED | The current price of SB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.62 | NEUTRAL | The RSI value for SB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SB has a negative trend. |
| Stochastics (14,3) | 69.95 | NEUTRAL | The Stochastics value for SB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.32 | MEDIUM VOLATILITY | The ATR as a percentage value for SB suggests some volalility. |
| Average Directional Index/ADX (14) | 20.91 | NEUTRAL | The ADX value for SB suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.27 | 4.09 | 0.18 (4.22%) | 23.72% |
| An entry @4.27. This is a Buy Stop order right above the resistance zone. | An exit @4.09. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.18 points, which is 4.22%. | When investing 23.72% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of SB. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
4.18
-0.01 (-0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg-0.24%
1 Week-2.79%
2 Weeks0.97%
1 Month-3.02%
3 Month14.21%
6 Month12.06%
12 Month-15.9%
2 Year30.22%
3 Year31.03%
5 Year276.58%
10 Year25.53%
15 Year-43.82%
Volatility
ATR(14)0.13
ATR(20)%3.32%
ATR Inc7.79%
Range Today0.1
ADR(20)0.13
ADR(20)%3.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.04
Mansfield-0.25
10 Day High4.4
10 Day Low4.1
20 Day High4.4
20 Day Low3.61
52 Week High5.24
52 Week Low3.02
CS1 End4
CR1 Start4.22
Volume & EV
DER(3)-5.89%
DER(5)-3.6%
Volume305.34K
Volume Incr-11.01%
Vol(5)375.83K
Vol(50)408.68K