2020 BULKERS LTD (2020.OL) Stock Technical Analysis
OSL:2020 - Euronext Oslo - BMG9156K1018 - Common Stock - Currency: NOK
We assign a technical rating of 0 out of 10 to 2020. 2020'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.
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.
When comparing the yearly performance of all stocks, 2020 is a bad performer in the overall market: 86% of all stocks are doing better.
2020 is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
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.
2020 is an average performer in the Marine Transportation industry, it outperforms 41% of 18 stocks in the same industry.
In the last month 2020 has a been trading in the 86.80 - 121.70 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 2020 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
97.02
141.94
We found 2 important support areas.
- A support zone ranging from 103.40 to 104.69. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 98.00 to 99.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 128.66 to 130.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 135.80 to 136.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @140.53 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.56
Mansfield-1.7
10 Day High112.5
10 Day Low97.25
20 Day High121.7
20 Day Low86.8
52 Week High174.8
52 Week Low86.8
Performance
1 Week7.5%
2 Weeks9.82%
1 Month-8.29%
3 Month-7.45%
6 Month-15.75%
12 Month-34.54%
2 Year5.08%
3 Year-7.45%
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)1.19
RSI(14)51.31
LBB97.43
UBB110.9
OSL:2020 (4/25/2025, 7:00:00 PM)
111.8
+4.9 (+4.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg4.58%
1 Week7.5%
2 Weeks9.82%
1 Month-8.29%
3 Month-7.45%
6 Month-15.75%
12 Month-34.54%
2 Year5.08%
3 Year-7.45%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)5.87
ATR(20)%4.71%
ATR Inc-32.47%
Range Today4
ADR(20)4.68
ADR(20)%4.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.56
Mansfield-1.7
10 Day High112.5
10 Day Low97.25
20 Day High121.7
20 Day Low86.8
52 Week High174.8
52 Week Low86.8
CS1 End104.69
CR1 Start128.66
Volume & EV
DER(3)6.51%
DER(5)2.35%
Volume91.79K
Volume Incr-44.19%
Vol(5)76.24K
Vol(50)140.38K