SB Technical Analysis - SAFE BULKERS INC

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to SB. SB has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

SB is part of the Marine Transportation industry. There are 35 other stocks in this industry. SB outperforms 79% of them.

SB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SB is lagging the market slightly.

When compared to the yearly performance of all other stocks, SB outperforms 53% of them, which is more or less in line with the market.

In the last month SB has a been trading in the 4.14 - 4.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SAFE BULKERS INC / SB Weekly stock chart

Setup Rating and Analysis

Although the technical rating is only medium, SB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 4.22, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.09

4.74

When analyzing the support we notice one important area.

A support zone ranging from 4.13 to 4.22. This zone is formed by a combination of multiple trend lines in multiple time frames.

3 important resistance areas can be observed.

Resistance @4.52 from a trend line in the weekly time frame.
Resistance @4.61 from a horizontal line in the weekly time frame.
Resistance @4.69 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The short term trend for SB is neutral.
ChartMill Relative Strength	53.81	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)	UP	POSITIVE	The current price of SB is above the rising SMA(200).
Relative Strength Index/RSI (14)	55.07	NEUTRAL	The RSI value for SB is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests SB has a positive trend.
Stochastics (14,3)	55.83	NEUTRAL	The Stochastics value for SB is a neutral value.
Average True Range in percent/ATR (20)	2.51	MEDIUM VOLATILITY	The ATR as a percentage value for SB suggests some volalility.
Average Directional Index/ADX (14)	19.24	NEGATIVE	The low ADX value for SB suggests a weak or negative trend.