STAR BULK CARRIERS CORP (SBLK) Stock Technical Analysis
NASDAQ:SBLK - Nasdaq - MHY8162K2046 - Common Stock - Currency: USD
We assign a technical rating of 7 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.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
SBLK is part of the Marine Transportation industry. There are 36 other stocks in this industry. SBLK outperforms 77% of them.
SBLK has an average volume of 1532030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, SBLK turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
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.
In the last month SBLK has a been trading in the 17.27 - 19.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
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. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
15.83
19.25
We found 3 important support areas.
- A support zone ranging from 18.26 to 18.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 17.20 to 17.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.99 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 18.43 to 19.06. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for SBLK is neutral. |
| ChartMill Relative Strength | 53.44 | NEUTRAL | SBLK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SBLK is below 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) | DOWN | MIXED | The current price of SBLK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.71 | NEUTRAL | The RSI value for SBLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests SBLK has a negative trend. |
| Stochastics (14,3) | 30.9 | NEUTRAL | The Stochastics value for SBLK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for SBLK suggests some volalility. |
| Average Directional Index/ADX (14) | 31.55 | POSITIVE | The high ADX value value for SBLK suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 18.69 | 18.25 | 0.44 (2.37%) | 25.00% |
| An entry @18.69. This is a Buy Stop order right above the 10 day moving average. | An exit @18.25. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.44 points, which is 2.37%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.59%. |
- 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.
18.42
+0.16 (+0.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg0.88%
1 Week-2.02%
2 Weeks-0.75%
1 Month2.11%
3 Month22.55%
6 Month19.84%
12 Month-13.93%
2 Year4.72%
3 Year-5.78%
5 Year159.44%
10 Year50.37%
15 Year-91.2%
Volatility
ATR(14)0.41
ATR(20)%2.5%
ATR Inc-10.9%
Range Today0.41
ADR(20)0.42
ADR(20)%2.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.44
Mansfield-0.14
10 Day High19.29
10 Day Low18.05
20 Day High19.29
20 Day Low17.27
52 Week High23.82
52 Week Low12.06
CS1 End18.41
CR1 Start18.43
Volume & EV
DER(3)-3.12%
DER(5)0.48%
Volume574.80K
Volume Incr-42.06%
Vol(5)916.38K
Vol(50)1.53M