ARDMORE SHIPPING CORP (ASC)
MHY0207T1001 - Common Stock
Taking everything into account, ASC scores 0 out of 10 in our technical rating. ASC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, ASC is a bad performer in the overall market: 89% of all stocks are doing better.
ASC is part of the Oil, Gas & Consumable Fuels industry. There are 204 other stocks in this industry, of which 85% are performing better than ASC.
ASC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
ASC is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
ASC has a poor technical rating and the quality of the setup is also only medium 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
11.64
17.30
When analyzing the support we notice one important area.
- A support zone ranging from 11.76 to 11.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @12.37 from a horizontal line in the daily time frame.
- Resistance @16.19 from a trend line in the daily time frame.
- Resistance @17.13 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.65
Mansfield-3.91
10 Day High12.8
10 Day Low11.59
20 Day High15.13
20 Day Low11.59
52 Week High23.44
52 Week Low11.59
Performance
1 Week-0.5%
2 Weeks-7.54%
1 Month-20.09%
3 Month-36.62%
6 Month-48.26%
12 Month-14.4%
2 Year-21.15%
3 Year223.98%
5 Year48.81%
10 Year16.45%
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)0.07
RSI(14)22.11
LBB11.09
UBB13.81
ARDMORE SHIPPING CORP
NYSE:ASC (11/21/2024, 8:13:04 PM)
After market: 11.9899 +0.1 (+0.84%)11.89
-0.43 (-3.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-3.49%
1 Week-0.5%
2 Weeks-7.54%
1 Month-20.09%
3 Month-36.62%
6 Month-48.26%
12 Month-14.4%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.51
ATR(20)%4.03%
ATR Inc
Range Today0.67
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High12.8
10 Day Low11.59
20 Day High15.13
20 Day Low11.59
52 Week High23.44
52 Week Low11.59
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.28M
Volume Incr19.1%
Vol(5)1.03M
Vol(50)654.76K