OCEANPAL INC (SVRN) Technical Analysis
NASDAQ:SVRN • MHY6430L3019
Taking everything into account, SVRN scores 0 out of 10 in our technical rating. SVRN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 100% of all other stocks performed better in the past year than SVRN.
- SVRN is one of the lesser performing stocks in the Marine Transportation industry. 82% of 35 stocks in the same industry do better.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- SVRN has an average volume of 2985120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- In the last month SVRN has a been trading in the 0.36 - 0.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of SVRN is bad and it also does not present a quality setup 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
0.58
2 important resistance areas can be observed.
- Resistance @0.64 from a horizontal line in the daily time frame.
- Resistance @1.05 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for SVRN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SVRN is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | SVRN has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SVRN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SVRN is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 44.78 | NEUTRAL | The RSI value for SVRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SVRN has a positive trend. |
| Stochastics (14,3) | 48.09 | NEUTRAL | The Stochastics value for SVRN is a neutral value. |
| Average True Range in percent/ATR (20) | 15.69 | HIGH VOLATILITY | The high ATR as a percentage value for SVRN suggests high volalility. |
| Average Directional Index/ADX (14) | 49.42 | POSITIVE | The high ADX value value for SVRN suggests a strong trend. |
SVRN Technicals: Chart, Performance Metrics, Trend & Indicators
0.5816
+0.04 (+6.58%)
OCEANPAL INC / SVRN FAQ
Can you provide the ChartMill technical rating for OCEANPAL INC?
ChartMill assigns a technical rating of 0 / 10 to SVRN.
What is the current trend direction of OCEANPAL INC (SVRN) stock?
The current trend direction for OCEANPAL INC (SVRN) is Bearish.
What is the RSI signal for SVRN stock?
OCEANPAL INC (SVRN) has an RSI value of 44.7791. This indicates that the stock is currently neutral.
Can you provide the MACD signal for OCEANPAL INC?
The MACD indicator for OCEANPAL INC (SVRN) has a value of 0.0338299, indicating a bearish trend.