SEANERGY MARITIME HOLDINGS (SHIP)       0.5171  +0.01 (+1.67%)

0.5171  +0.01 (+1.67%)

MHY737601945 - Common Stock - After market: 0.5151 0 (-0.39%)

Technical Rating

2

We assign a technical rating of 2 out of 10 to SHIP. Recently some decent action could be observed, but in the medium term time frame this is still negative. SHIP was also a bad performer in the overall market in the last year.



SHIP is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
SHIP has an average volume of 1996250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
76% of all other stocks performed better in the past year than SHIP.
SHIP is part of the Marine industry. There are 28 other stocks in this industry, of which 79% are performing better than SHIP.
SHIP is currently trading near the lower end of its 52 week range, which is not a good sign. SHIP is lagging the S&P500 Index which is trading in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 12.41% -1.75% -56.18% -41.81% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 24.67 0.44 - 1.35
SHIP Weekly chart
SHIP Daily chart

Support/Resistance Analysis


0.45

0.99
2 important support areas can be observed.
  • Support @0.52 from a horizontal line in the daily time frame.
  • Support @0.45 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
  • A resistance zone ranging from 0.53 to 0.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @0.87 from a trend line in the weekly time frame.
  • Resistance @0.98 from a trend line in the weekly time frame.

Setup Analysis

Setup Rating

7

Although the technical rating is bad, SHIP does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.53. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

SHIP Daily chart

SEANERGY MARITIME HOLDINGS0.5171

NASDAQ:SHIP (12/2/2022, 7:02:03 PM)+0.01 (+1.67%)

After market: 0.5151 0 (-0.39%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Industrials
GICS Industry Marine
Performance
Today 1.67% 1 Week -0.37%
2 Weeks 5.53% 1 Month 12.41%
3 Month -1.75% 6 Month -56.18%
Volatility
ATR(14) 0.03 ATR(20)% 5%
ATR Inc 40% Range Today 0.02
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 24.67 Mansfield -3.77
10 Day High 0.55 10 Day Low 0.47
20 Day High 0.55 20 Day Low 0.45
52 Week High 1.35 52 Week Low 0.44
CS1 End 0.52 CR1 Start 0.53
Volume & EV
DER(3) 1.63% DER(5) -1.26%
Volume 1.24M Volume Incr 79.18%
Vol(5) 2.53M Vol(50) 2.00M

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