We assign a technical rating of 10 out of 10 to SBLK. Both in the recent history as in the last year, SBLK has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, SBLK 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 19.90. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.79, a Stop Loss order could be placed below this zone.
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16.31
When analyzing the support we can see 3 important areas.
- A support zone ranging from 18.55 to 19.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.89 to 17.95. 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 19.90 to 20.01. 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 | 80.56 | POSITIVE | SBLK has a high relative strength, it outperformed 80.56% off all stocks 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) | 62.55 | NEUTRAL | The RSI value for SBLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests SBLK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.64 | OVERBOUGHT | The high Stochastics value suggests SBLK may be overbought. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for SBLK suggests some volalility. |
| Average Directional Index/ADX (14) | 21.06 | NEUTRAL | The ADX value for SBLK suggests a possible start of a new 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 |
|---|---|---|---|
| 20.02 | 18.73 | 1.29 (6.44%) | 15.52% |
| An entry @20.02. This is a Buy Stop order right above the resistance zone. | An exit @18.73. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.29 points, which is 6.44%. | When investing 15.52% 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.
19.8
-0.21 (-1.05%)
STAR BULK CARRIERS CORP / SBLK FAQ
What is the ChartMill technical rating of STAR BULK CARRIERS CORP (SBLK) stock?
ChartMill assigns a technical rating of 10 / 10 to SBLK.
What is the current trend direction of STAR BULK CARRIERS CORP (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 62.5498. This indicates that the stock is currently neutral.
What is the short term momentum for SBLK stock?
The short term momentum for STAR BULK CARRIERS CORP (SBLK) is positive.
What are the support and resistance levels for STAR BULK CARRIERS CORP (SBLK) stock?
STAR BULK CARRIERS CORP (SBLK) has a support level at 19.79 and a resistance level at 19.9. Check the full technical report for our detailed analysis of SBLK support and resistance levels.