SCORPIO BULKERS INC (SLTB) Technical Analysis
NYSE:SLTB • 1057,SLTB.CL
Current stock price
SLTB Technical Rating and Analysis
Taking everything into account, SLTB scores 1 out of 10 in our technical rating. SLTB has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- SLTB is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- Warning: SLTB has an average volume of 3562 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- When comparing the performance of all stocks over the past year, SLTB turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
- In the last month SLTB has a been trading in a tight range between 25.00 and 25.24.
SLTB Weekly and Daily overview Charts
SLTB Setup Rating and Analysis
The technical rating of SLTB is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
SLTB Support and Resistance Analysis
24.73
When analyzing the support we notice one important area.
- A support zone ranging from 24.98 to 24.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.03 to 25.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
SLTB 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 | DOWN | NEGATIVE | The long term trend for SLTB is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SLTB is neutral. |
| ChartMill Relative Strength | 53.3 | NEUTRAL | SLTB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SLTB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SLTB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SLTB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 22.74 | OVERSOLD | The low RSI value suggests SLTB may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SLTB has a negative trend. |
| Stochastics (14,3) | 20.63 | NEUTRAL | The Stochastics value for SLTB is a neutral value. |
| Average True Range in percent/ATR (20) | 0.13 | LOW VOLATILITY | The low ATR as a percentage value for SLTB suggests low volalility. |
SLTB Chart- and CandleStick Pattern Analysis
SLTB Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:SLTB (8/1/2019, 8:25:27 PM)
25
-0.19 (-0.75%)
SCORPIO BULKERS INC / SLTB TA FAQ
What is the ChartMill technical rating of SCORPIO BULKERS INC (SLTB) stock?
ChartMill assigns a technical rating of 1 / 10 to SLTB.
What is the trend direction for SLTB stock?
The current trend direction for SCORPIO BULKERS INC (SLTB) is Bearish.
Can you provide the RSI signal for SCORPIO BULKERS INC?
SCORPIO BULKERS INC (SLTB) has an RSI value of 22.7415. This indicates that the stock is currently oversold.
What is the MACD signal for SLTB stock?
The MACD indicator for SCORPIO BULKERS INC (SLTB) has a value of -0.00874373, indicating a bearish trend.