RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SHIP
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Evaluation of Seanergy Maritime stock downgraded after the last trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 22, 2024 Gain 12.77% PDF

The Seanergy Maritime stock price gained 3.33% on the last trading day (Thursday, 28th Mar 2024), rising from $8.42 to $8.70. During the last trading day the stock fluctuated 7.65% from a day low at $8.30 to a day high of $8.94. The price has fallen in 6 of the last 10 days and is down by -0.46% for this period. Volume fell on the last day by -2 thousand shares and in total, 226 thousand shares were bought and sold for approximately $1.97 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 18.63% during the next 3 months and, with a 90% probability hold a price between $9.47 and $11.18 at the end of this 3-month period.

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SHIP Signals & Forecast

The Seanergy Maritime stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $8.91. On a fall, the stock will find some support from the long-term average at approximately $8.22. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -6.75%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Seanergy Maritime stock

Seanergy Maritime finds support from accumulated volume at $8.64 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.635 between high and low, or 7.65%. For the last week, the stock has had daily average volatility of 5.27%.

Our recommended stop-loss: $8.23 (-5.44%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (SHIP) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Seanergy Maritime Holdings Corp to open at $8.65, and during the day (based on 14 day Average True Range), to move between $8.29 and $9.11, which gives a possible trading interval of +/-$0.413 (+/-4.74%) up or down from last closing price. If Seanergy Maritime Holdings Corp takes out the full calculated possible swing range there will be an estimated 9.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $8.64 (0.69%) than the resistance at $9.11 (4.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Seanergy Maritime Holdings Corp stock A Buy?

Seanergy Maritime holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.596 Hold/Accumulate Downgraded

Predicted Opening Price for Seanergy Maritime Holdings Corp of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$8.65 ( 0.632%) $8.70

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SHIP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 9.28 6.67 %
R2 9.04 3.88 %
R1 8.89 2.16 %
Current price: 8.70
Support S1 8.40 -3.42 %
S2 8.25 -5.14 %
S3 8.01 -7.93 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 9.19 5.63 %
R2 9.18 5.52 %
R1 9.11 4.71 %
Current price 8.70
Support S1 8.64 -0.690%
S2 8.19 -5.86%
S3 7.42 -14.71%

SHIP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 22, 2024 Mar 22, 2024 Apr 10, 2024 $0.100 1.15%
2 Nov 13, 2023 Dec 21, 2023 Jan 10, 2024 $0.0250 0.339%
3 Aug 01, 2023 Sep 21, 2023 Oct 06, 2023 $0.0250 0.420%
4 May 24, 2023 Jun 21, 2023 Jul 06, 2023 $0.0250 0.514%
5 Mar 13, 2023 Mar 30, 2023 Apr 25, 2023 $0.0250 0.512%

FAQ

What is the symbol for Seanergy Maritime Stock and on which exchange is it traded?
The symbol for Seanergy Maritime is SHIP and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Seanergy Maritime Stock?
Seanergy Maritime holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Seanergy Maritime Stock?
Seanergy Maritime Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Seanergy Maritime Stock.

What's the current price of Seanergy Maritime Stock?
As of the end of day on the 2024-03-28, the price of an Seanergy Maritime (SHIP) share was $8.70.

What is the 52-week high and low for Seanergy Maritime Stock?
The 52-week high for Seanergy Maritime Stock is $9.44 and the 52-week low is $4.03.

What is the market capitalization of Seanergy Maritime Stock?
As of the 2024-03-28, the market capitalization of Seanergy Maritime is 169.767M.

When is the next earnings date for Seanergy Maritime?
The upcoming earnings date for Seanergy Maritime is May 23, 2024.
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About Seanergy Maritime Holdings Corp

Seanergy Maritime Seanergy Maritime Holdings Corp., a shipping company, engages in the seaborne transportation of dry bulk commodities worldwide. It operates a fleet of 17 Capesize vessels with a cargo-carrying capacity of approximately 3,011,083 deadweight tons. The company was formerly known as Seanergy Merger Corp. and changed its name to Seanergy Maritime Holdings Corp. in July 2008. Seanergy Maritime Holdings Corp. was incorporated in 2008 and is based in Ath... SHIP Profile

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