We assign a technical rating of 6 out of 10 to SHIP. In the last year, SHIP was one of the better performers, but we do observe some doubts in the very recent evolution.
Although the technical rating is only medium, SHIP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 9.22, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SHIP 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.
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8.76
When analyzing the support we can see 2 important areas.
- A support zone ranging from 9.20 to 9.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.85 to 8.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 9.34 to 9.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 10.44 to 10.58. This zone is formed by a combination of multiple trend lines in the weekly 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 | DOWN | NEGATIVE | The short term trend for SHIP is down. |
| ChartMill Relative Strength | 87.6 | POSITIVE | SHIP has a high relative strength, it outperformed 87.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SHIP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SHIP is below 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) | 39.69 | NEUTRAL | The RSI value for SHIP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests SHIP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.99 | OVERSOLD | The low Stochastics value suggests SHIP may be oversold. |
| Average True Range in percent/ATR (20) | 3.17 | MEDIUM VOLATILITY | The ATR as a percentage value for SHIP suggests some volalility. |
| Average Directional Index/ADX (14) | 21.4 | NEUTRAL | The ADX value for SHIP suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 9.47 | 9.19 | 0.28 (2.96%) | 25.00% |
| An entry @9.47. This is a Buy Stop order right above the resistance zone. | An exit @9.19. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.28 points, which is 2.96%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.74%. |
- The distance between exit and entry is rather small compared to the average daily movement of SHIP. Please evaluate whether better entry and exit points can be found.
- 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.
9.23
-0.07 (-0.75%)
SEANERGY MARITIME HOLDINGS / SHIP FAQ
What is the ChartMill technical rating of SEANERGY MARITIME HOLDINGS (SHIP) stock?
ChartMill assigns a technical rating of 6 / 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 39.6916. 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 negative.
What is the support and resistance level for SHIP stock?
SEANERGY MARITIME HOLDINGS (SHIP) has a support level at 9.22 and a resistance level at 9.34. Check the full technical report for our detailed analysis of SHIP support and resistance levels.