STAR BULK CARRIERS CORP (SBLK) Stock Technical Analysis
NASDAQ:SBLK - Nasdaq - MHY8162K2046 - Common Stock - Currency: USD
Taking everything into account, SBLK scores 7 out of 10 in our technical rating. SBLK has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
SBLK is one of the better performing stocks in the Marine Transportation industry, it outperforms 78% of 34 stocks in the same industry.
In the last month SBLK has a been trading in the 16.21 - 18.18 range, which is quite wide. It is currently trading near the high of this range.
SBLK has an average volume of 1455380 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 43% of all stocks.
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.
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
15.83
18.22
When analyzing the support we can see 2 important areas.
- A support zone ranging from 17.00 to 17.19. 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 15.99 to 16.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 | UP | POSITIVE | The short term trend for SBLK is up. |
| ChartMill Relative Strength | 43.43 | NEUTRAL | SBLK is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of SBLK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 72.19 | OVERBOUGHT | The high RSI value suggests SBLK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests SBLK has a positive trend. |
| Stochastics (14,3) | 88.55 | OVERBOUGHT | The high Stochastics value suggests SBLK may be overbought. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for SBLK suggests some volalility. |
| Average Directional Index/ADX (14) | 37.66 | 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)
18.04
+0.09 (+0.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg0.47%
1 Week5.56%
2 Weeks7.38%
1 Month11.5%
3 Month37.92%
6 Month18.53%
12 Month-25.49%
2 Year-0.22%
3 Year-30.68%
5 Year158.82%
10 Year19.47%
15 Year-90.85%
Volatility
ATR(14)0.46
ATR(20)%2.45%
ATR Inc16.76%
Range Today0.23
ADR(20)0.42
ADR(20)%2.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.43
Mansfield-0.69
10 Day High18.18
10 Day Low16.21
20 Day High18.18
20 Day Low16.21
52 Week High24.51
52 Week Low12.06
CS1 End17.19
CR1 StartN/A
Volume & EV
DER(3)-0.99%
DER(5)-1.03%
Volume1.23M
Volume Incr42.55%
Vol(5)2.42M
Vol(50)1.46M