STAR BULK CARRIERS CORP (SBLK) Technical Analysis
NASDAQ:SBLK • MHY8162K2046
Current stock price
SBLK Technical Rating and Analysis
Overall SBLK gets a technical rating of 8 out of 10. In the last year, SBLK was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month SBLK has a been trading in the 21.48 - 27.20 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Looking at the yearly performance, SBLK did better than 85% of all other stocks. On top of that, SBLK also shows a nice and consistent pattern of rising prices.
- SBLK has an average volume of 1677320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- SBLK is part of the Marine Transportation industry. There are 35 other stocks in this industry, SBLK did better than 55% of them.
- SBLK is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SBLK is lagging the market slightly.
SBLK Weekly and Daily overview Charts
SBLK Setup Rating and Analysis
SBLK has an excellent technical rating, but the quality of the setup is only medium 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
SBLK Support and Resistance Analysis
16.31
We found 3 important support areas.
- A support zone ranging from 21.84 to 21.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 19.81 to 19.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.47 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 22.24 to 22.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @27.08 from a horizontal line in the weekly time frame.
SBLK 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 SBLK is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SBLK is down. |
| ChartMill Relative Strength | 85.91 | POSITIVE | SBLK has a high relative strength, it outperformed 85.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SBLK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SBLK is below 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) | 38.8 | NEUTRAL | The RSI value for SBLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.49 | NEGATIVE | The MACD value suggests SBLK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.78 | OVERSOLD | The low Stochastics value suggests SBLK may be oversold. |
| Average True Range in percent/ATR (20) | 4.02 | MEDIUM VOLATILITY | The ATR as a percentage value for SBLK suggests some volalility. |
| Average Directional Index/ADX (14) | 28.21 | POSITIVE | The high ADX value value for SBLK suggests a strong trend. |
SBLK Chart- and CandleStick Pattern Analysis
SBLK Example Setup
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 |
|---|---|---|---|
| 22.32 | 21.83 | 0.49 (2.20%) | 25.00% |
| An entry @22.32. This is a Buy Stop order right above the resistance zone. | An exit @21.83. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.49 points, which is 2.20%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.55%. |
- The distance between exit and entry is rather small compared to the average daily movement of SBLK. 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.
SBLK Technicals: Chart, Performance Metrics, Trend & Indicators
22.23
+0.01 (+0.05%)
STAR BULK CARRIERS CORP / SBLK TA FAQ
What is the ChartMill technical rating of STAR BULK CARRIERS CORP (SBLK) stock?
ChartMill assigns a technical rating of 8 / 10 to SBLK.
What is the trend direction for SBLK stock?
The current trend direction for STAR BULK CARRIERS CORP (SBLK) is Bullish.
What is the RSI signal for STAR BULK CARRIERS CORP (SBLK) stock?
STAR BULK CARRIERS CORP (SBLK) has an RSI value of 38.8008. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for STAR BULK CARRIERS CORP?
The buy/sell signal for STAR BULK CARRIERS CORP (SBLK) is hold as the short term and long term trends are mixed.
Can you provide the support and resistance levels for STAR BULK CARRIERS CORP?
STAR BULK CARRIERS CORP (SBLK) has a support level at 21.84 and a resistance level at 22.24. Check the full technical report for our detailed analysis of SBLK support and resistance levels.