STAR BULK CARRIERS CORP (SBLK) Stock Technical Analysis
NASDAQ:SBLK • MHY8162K2046
We assign a technical rating of 10 out of 10 to SBLK. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SBLK is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, SBLK did better than 89% of all other stocks. On top of that, SBLK also shows a nice and consistent pattern of rising prices.
- SBLK is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month SBLK has a been trading in the 21.80 - 25.82 range, which is quite wide. It is currently trading near the high of this range.
- SBLK has an average volume of 1359200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- SBLK is an average performer in the Marine Transportation industry, it outperforms 67% of 35 stocks in the same industry.
- Volume is considerably higher in the last couple of days.
Although SBLK has an excellent technical rating, the quality of the presented setup is not ideal 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
16.31
We found 5 important support areas.
- A support zone ranging from 23.70 to 23.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 22.00 to 22.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.42 to 19.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.95 from a horizontal line in the daily time frame.
- Support @16.47 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 25.24 to 25.28. 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 | 89.63 | POSITIVE | SBLK has a high relative strength, it outperformed 89.63% 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) | 69.73 | NEUTRAL | The RSI value for SBLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests SBLK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.14 | OVERBOUGHT | The high Stochastics value suggests SBLK may be overbought. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for SBLK suggests some volalility. |
| Average Directional Index/ADX (14) | 37.94 | POSITIVE | The high ADX value value for SBLK suggests a strong trend. |
24.92
-0.36 (-1.42%)
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 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 69.7281. 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 buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for STAR BULK CARRIERS CORP?
STAR BULK CARRIERS CORP (SBLK) has a support level at 23.81 and a resistance level at 25.24. Check the full technical report for our detailed analysis of SBLK support and resistance levels.