ARDMORE SHIPPING CORP (ASC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ASC - MHY0207T1001 - Common Stock
We assign a technical rating of 0 out of 10 to ASC. ASC'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 technical rating of ASC 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
10.73
When analyzing the support we notice one important area.
- A support zone ranging from 10.84 to 10.84. 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 12.09 to 12.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @12.59 from a trend line in the weekly time frame.
- A resistance zone ranging from 13.29 to 13.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 ASC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ASC is down. |
| ChartMill Relative Strength | 22.99 | NEGATIVE | ASC has a low relative strength, it was outperformed by 77.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ASC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ASC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ASC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 29.38 | OVERSOLD | The low RSI value suggests ASC may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests ASC has a negative trend. |
| Stochastics (14,3) | 5.15 | OVERSOLD | The low Stochastics value suggests ASC may be oversold. |
| Average True Range in percent/ATR (20) | 3.42 | MEDIUM VOLATILITY | The ATR as a percentage value for ASC suggests some volalility. |
| Average Directional Index/ADX (14) | 28.36 | POSITIVE | The high ADX value value for ASC suggests a strong trend. |
10.85
-0.29 (-2.6%)
ARDMORE SHIPPING CORP / ASC FAQ
Can you provide the ChartMill technical rating for ARDMORE SHIPPING CORP?
ChartMill assigns a technical rating of 0 / 10 to ASC.
What is the current trend direction of ARDMORE SHIPPING CORP (ASC) stock?
The current trend direction for ARDMORE SHIPPING CORP (ASC) is Bearish.
What is the RSI signal for ASC stock?
ARDMORE SHIPPING CORP (ASC) has an RSI value of 29.3818. This indicates that the stock is currently oversold.
What is the MACD signal for ASC stock?
The MACD indicator for ARDMORE SHIPPING CORP (ASC) has a value of -0.111876, indicating a bearish trend.
What is the support and resistance level for ASC stock?
ARDMORE SHIPPING CORP (ASC) has a support level at 10.84 and a resistance level at 12.09. Check the full technical report for our detailed analysis of ASC support and resistance levels.