SEANERGY MARITIME HOLDINGS (SHIP) Technical Analysis
NASDAQ:SHIP • MHY737604006
We assign a technical rating of 10 out of 10 to SHIP. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SHIP is showing a nice and steady performance.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that SHIP is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, SHIP also shows a nice and consistent pattern of rising prices.
- SHIP is one of the better performing stocks in the Marine Transportation industry, it outperforms 91% of 35 stocks in the same industry.
- SHIP is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SHIP is performing more or less in line with the market.
- In the last month SHIP has a been trading in the 10.23 - 14.93 range, which is quite wide. It is currently trading near the high of this range.
Although SHIP has an excellent technical rating, it does not present a decent entry opportunity 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
9.13
When analyzing the support we can see 5 important areas.
- A support zone ranging from 13.13 to 13.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.67 from a trend line in the daily time frame.
- Support @10.18 from a trend line in the weekly time frame.
- A support zone ranging from 9.71 to 9.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.22 from a horizontal line 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 | UP | POSITIVE | The long term trend for SHIP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHIP is up. |
| ChartMill Relative Strength | 93.42 | POSITIVE | SHIP has a high relative strength, it outperformed 93.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SHIP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SHIP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHIP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.42 | NEUTRAL | The RSI value for SHIP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests SHIP has a negative trend. |
| Stochastics (14,3) | 73.01 | NEUTRAL | The Stochastics value for SHIP is a neutral value. |
| Average True Range in percent/ATR (20) | 5.9 | HIGH VOLATILITY | The high ATR as a percentage value for SHIP suggests high volalility. |
| Average Directional Index/ADX (14) | 52.62 | POSITIVE | The high ADX value value for SHIP suggests a strong trend. |
SHIP Technicals: Chart, Performance Metrics, Trend & Indicators
13.28
-1.02 (-7.13%)
SEANERGY MARITIME HOLDINGS / SHIP FAQ
What is the ChartMill technical rating of SEANERGY MARITIME HOLDINGS (SHIP) stock?
ChartMill assigns a technical rating of 10 / 10 to SHIP.
What is the current trend direction of SEANERGY MARITIME HOLDINGS (SHIP) stock?
The current trend direction for SEANERGY MARITIME HOLDINGS (SHIP) is Bullish.
What is the RSI signal for SEANERGY MARITIME HOLDINGS (SHIP) stock?
SEANERGY MARITIME HOLDINGS (SHIP) has an RSI value of 55.4182. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SEANERGY MARITIME HOLDINGS?
The short term momentum for SEANERGY MARITIME HOLDINGS (SHIP) is positive.
What is the support and resistance level for SHIP stock?
SEANERGY MARITIME HOLDINGS (SHIP) has a support level at 13.27. Check the full technical report for our detailed analysis of SHIP support and resistance levels.