STAR BULK CARRIERS CORP (SBLK) Stock Technical Analysis
USA - NASDAQ:SBLK - MHY8162K2046 - Common Stock
We assign a technical rating of 1 out of 10 to SBLK. SBLK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
SBLK has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for SBLK in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
16.31
When analyzing the support we can see 3 important areas.
- A support zone ranging from 17.18 to 17.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 16.79 to 16.79. 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 19.05 to 19.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
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 | NEUTRAL | NEUTRAL | The long term trend for SBLK is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SBLK is neutral. |
| ChartMill Relative Strength | 25.47 | NEGATIVE | SBLK has a low relative strength, it was outperformed by 74.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SBLK is above 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) | 52.41 | 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. |
| Stochastics (14,3) | 66.99 | NEUTRAL | The Stochastics value for SBLK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.54 | MEDIUM VOLATILITY | The ATR as a percentage value for SBLK suggests some volalility. |
| Average Directional Index/ADX (14) | 27.07 | POSITIVE | The high ADX value value for SBLK suggests a strong trend. |
18.22
+0.31 (+1.73%)
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 1 / 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 Bearish.
What is the RSI signal for STAR BULK CARRIERS CORP (SBLK) stock?
STAR BULK CARRIERS CORP (SBLK) has an RSI value of 52.4098. 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 neutral.
What are the support and resistance levels for STAR BULK CARRIERS CORP (SBLK) stock?
STAR BULK CARRIERS CORP (SBLK) has a support level at 17.2 and a resistance level at 19.05. Check the full technical report for our detailed analysis of SBLK support and resistance levels.