OCEANPAL INC (SVRN) Technical Analysis
NASDAQ:SVRN • MHY6430L3019
Current stock price
SVRN Technical Rating and Analysis
Taking everything into account, SVRN scores 3 out of 10 in our technical rating. In the past year, SVRN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, SVRN is a bad performer in the overall market: 100% of all stocks are doing better.
- SVRN is part of the Marine Transportation industry. There are 35 other stocks in this industry, of which 97% are performing better than SVRN.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month SVRN has a been trading in the 3.12 - 12.48 range, which is quite wide. It is currently trading near the high of this range.
- SVRN has an average volume of 5962960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SVRN Weekly and Daily overview Charts
SVRN Setup Rating and Analysis
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
SVRN Support and Resistance Analysis
11.42
We found 1 important resistance area.
- Resistance @12.11 from a horizontal line in the daily time frame.
SVRN 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 | NEUTRAL | NEUTRAL | The long term trend for SVRN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SVRN is up. |
| 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) | UP | POSITIVE | The current price of SVRN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SVRN is above a declining SMA(50). |
| Relative Strength Index/RSI (14) | 61.31 | NEUTRAL | The RSI value for SVRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.82 | POSITIVE | The MACD value suggests SVRN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.08 | OVERBOUGHT | The high Stochastics value suggests SVRN may be overbought. |
| Average True Range in percent/ATR (20) | 13.71 | HIGH VOLATILITY | The high ATR as a percentage value for SVRN suggests high volalility. |
| Average Directional Index/ADX (14) | 31.46 | POSITIVE | The high ADX value value for SVRN suggests a strong trend. |
SVRN Chart- and CandleStick Pattern Analysis
SVRN Technicals: Chart, Performance Metrics, Trend & Indicators
11.54
-0.56 (-4.63%)
OCEANPAL INC / SVRN TA FAQ
Can you provide the ChartMill technical rating for OCEANPAL INC?
ChartMill assigns a technical rating of 3 / 10 to SVRN.
What is the trend direction for SVRN stock?
The current trend direction for OCEANPAL INC (SVRN) is Bearish.
What is the RSI signal for OCEANPAL INC (SVRN) stock?
OCEANPAL INC (SVRN) has an RSI value of 61.3121. This indicates that the stock is currently neutral.
What is the short term momentum for OCEANPAL INC (SVRN) stock?
The short term momentum for OCEANPAL INC (SVRN) is positive.
What are the support and resistance levels for OCEANPAL INC (SVRN) stock?
OCEANPAL INC (SVRN) has a resistance level at 12.11. Check the full technical report for our detailed analysis of SVRN support and resistance levels.