SEANERGY MARITIME HOLDINGS (SHIP) Stock Technical Analysis
NASDAQ:SHIP • MHY737604006
Taking everything into account, SHIP scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, SHIP has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that SHIP is one of the better performing stocks in the market, outperforming 94% of all stocks. We also observe that the gains produced by SHIP over the past year are nicely spread over this period.
- SHIP is part of the Marine Transportation industry. There are 35 other stocks in this industry. SHIP outperforms 97% of them.
- A new 52 week high is currently being made by SHIP, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month SHIP has a been trading in the 9.58 - 13.88 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although SHIP has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
9.13
When analyzing the support we can see 4 important areas.
- Support @10.97 from a trend line in the daily time frame.
- Support @9.94 from a trend line in the weekly time frame.
- A support zone ranging from 9.52 to 9.54. 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 | 94.53 | POSITIVE | SHIP has a high relative strength, it outperformed 94.53% 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) | 83.46 | OVERBOUGHT | The high RSI value suggests SHIP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests SHIP has a positive trend. |
| Stochastics (14,3) | 96.18 | OVERBOUGHT | The high Stochastics value suggests SHIP may be overbought. |
| Average True Range in percent/ATR (20) | 4.2 | MEDIUM VOLATILITY | The ATR as a percentage value for SHIP suggests some volalility. |
| Average Directional Index/ADX (14) | 38.7 | POSITIVE | The high ADX value value for SHIP suggests a strong trend. |
13.81
+0.21 (+1.54%)
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 83.4577. This indicates that the stock is currently overbought.
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 10.97. Check the full technical report for our detailed analysis of SHIP support and resistance levels.