STAR BULK CARRIERS CORP (SBLK) Stock Technical Analysis
NASDAQ:SBLK - MHY8162K2046 - Common Stock
We assign a technical rating of 8 out of 10 to SBLK. Although SBLK is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
SBLK has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 19.13. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.06, a Stop Loss order could be placed below this zone.
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17.80
When analyzing the support we notice one important area.
- A support zone ranging from 17.98 to 19.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 19.13 to 19.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 SBLK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SBLK is up. |
| ChartMill Relative Strength | 46.69 | NEUTRAL | SBLK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SBLK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SBLK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SBLK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.59 | NEUTRAL | The RSI value for SBLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests SBLK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 60.64 | NEUTRAL | The Stochastics value for SBLK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for SBLK suggests some volalility. |
| Average Directional Index/ADX (14) | 17.78 | NEGATIVE | The low ADX value for SBLK suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 19.32 | 18.24 | 1.09 (5.62%) | 17.81% |
| An entry @19.32. This is a Buy Stop order right above the resistance zone. | An exit @18.23. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.09 points, which is 5.62%. | When investing 17.81% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
19.12
+0.14 (+0.74%)