SBLK Technical Analysis - STAR BULK CARRIERS CORP

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to SBLK. In the last year, SBLK was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.

81% of all other stocks performed better in the past year than SBLK.

In the last month SBLK has a been trading in the 18.16 - 19.99 range, which is quite wide. It is currently trading near the lows of this range.

SBLK has an average volume of 1073010 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 an average performer in the Marine Transportation industry, it outperforms 50% of 35 stocks in the same industry.

SBLK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SBLK is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

STAR BULK CARRIERS CORP / SBLK Weekly stock chart

STAR BULK CARRIERS CORP / SBLK Daily stock chart

Setup Rating and Analysis

The technical rating of SBLK is bad and it also does not present a 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

18.08

20.07

We found 1 important support area.

A support zone ranging from 18.26 to 18.40. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 19.02 to 19.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 19.70 to 19.87. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 SBLK is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SBLK is down.
ChartMill Relative Strength	19.36	NEGATIVE	SBLK has a low relative strength, it was outperformed by 80.64% 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)	DOWN	NEGATIVE	The current price of SBLK is below a declining 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)	39.46	NEUTRAL	The RSI value for SBLK is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.15	NEGATIVE	The MACD value suggests SBLK has a negative trend.
Stochastics (14,3)	12.97	OVERSOLD	The low Stochastics value suggests SBLK may be oversold.
Average True Range in percent/ATR (20)	2.59	MEDIUM VOLATILITY	The ATR as a percentage value for SBLK suggests some volalility.
Average Directional Index/ADX (14)	16.5	NEGATIVE	The low ADX value for SBLK suggests a weak or negative trend.