STAR BULK CARRIERS CORP (SBLK) Technical Analysis
NASDAQ:SBLK • MHY8162K2046
Current stock price
SBLK Technical Rating and Analysis
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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, SBLK did better than 89% of all other stocks. We also observe that the gains produced by SBLK over the past year are nicely spread over this period.
- SBLK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SBLK is lagging the market slightly.
- In the last month SBLK has a been trading in the 21.85 - 25.18 range, which is quite wide. It is currently trading near the high of this range.
- SBLK has an average volume of 1618620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- SBLK is part of the Marine Transportation industry. There are 35 other stocks in this industry, SBLK did better than 61% of them.
- Considerably lower volume is observed in the last couple of days.
SBLK Weekly and Daily overview Charts
SBLK Setup Rating and Analysis
SBLK has an excellent technical rating, but the quality of the setup is only medium 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
SBLK Support and Resistance Analysis
20.15
When analyzing the support we can see 4 important areas.
- A support zone ranging from 22.99 to 23.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.23 to 22.56. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 21.84 to 21.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 20.35 to 20.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @26.29 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 26.89 to 27.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
SBLK Technical Indicator Signal Analysis
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 | 89.16 | POSITIVE | SBLK has a high relative strength, it outperformed 89.16% 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) | 58.12 | NEUTRAL | The RSI value for SBLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests SBLK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.69 | OVERBOUGHT | The high Stochastics value suggests SBLK may be overbought. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for SBLK suggests some volalility. |
| Average Directional Index/ADX (14) | 19.27 | NEGATIVE | The low ADX value for SBLK suggests a weak or negative trend. |
SBLK Chart- and CandleStick Pattern Analysis
SBLK Example Setup
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 |
|---|---|---|---|
| 25.19 | 22.22 | 2.97 (11.79%) | 8.48% |
| An entry @25.19. This is a Buy Stop order right above the 10 day high. | An exit @22.22. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.97 points, which is 11.79%. | When investing 8.48% 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.
SBLK Technicals: Chart, Performance Metrics, Trend & Indicators
24.58
-0.15 (-0.61%)
STAR BULK CARRIERS CORP / SBLK TA FAQ
What is the ChartMill technical rating of STAR BULK CARRIERS CORP (SBLK) stock?
ChartMill assigns a technical rating of 10 / 10 to SBLK.
Can you provide the trend direction for STAR BULK CARRIERS CORP?
The current trend direction for STAR BULK CARRIERS CORP (SBLK) is Bullish.
Can you provide the RSI signal for STAR BULK CARRIERS CORP?
STAR BULK CARRIERS CORP (SBLK) has an RSI value of 58.1238. This indicates that the stock is currently neutral.
What is the short term momentum for STAR BULK CARRIERS CORP (SBLK) stock?
The short term momentum for STAR BULK CARRIERS CORP (SBLK) is positive.
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.