Star Bulk Carriers Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Tuesday for Star Bulk Carriers
(Updated on Apr 30, 2024)
The Star Bulk Carriers stock price fell by -1.26% on the last day (Tuesday, 30th Apr 2024) from $24.63 to $24.32. During the last trading day the stock fluctuated 2.23% from a day low at $24.25 to a day high of $24.79. The price has risen in 7 of the last 10 days and is up by 5.65% over the past 2 weeks. Volume has increased on the last day by 89 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $30.51 million.
The stock lies in the middle of a wide and weak 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 7.27% during the next 3 months and, with a 90% probability hold a price between $24.76 and $27.79 at the end of this 3-month period.
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SBLK Signals & Forecast
The Star Bulk Carriers stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $24.20 and $23.87. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 08, 2024, and so far it has fallen -2.29%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Star Bulk Carriers stock
Star Bulk Carriers finds support from accumulated volume at $23.89 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.540 (2.23%) between high and low. For the last week, the stock has had daily average volatility of 1.82%.
Our recommended stop-loss: $23.44 (-3.61%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 36 days ago.)
Trading Expectations (SBLK) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Star Bulk Carriers Corp. to open at $24.45, and during the day (based on 14 day Average True Range), to move between $23.76 and $24.88, which gives a possible trading interval of +/-$0.556 (+/-2.29%) up or down from last closing price. If Star Bulk Carriers Corp. takes out the full calculated possible swing range there will be an estimated 4.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $24.48 (0.66%) than the support at $23.89 (1.77%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Star Bulk Carriers Corp. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Star Bulk Carriers stock to perform well in the short-term.
Current score: 2.069 Buy Candidate Unchanged
Predicted Opening Price for Star Bulk Carriers Corp. of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $24.45 ( 0.548%) | $24.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SBLK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.99 | 2.77 % | |
| R2 | 24.79 | 1.92 % | ||
| R1 | 24.66 | 1.40 % | ||
| Current price: | 24.32 | |||
| Support | S1 | 24.25 | -0.300 % | |
| S2 | 24.12 | -0.82 % | ||
| S3 | 23.91 | -1.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.89 | 2.34 % | |
| R2 | 24.67 | 1.44 % | ||
| R1 | 24.48 | 0.658 % | ||
| Current price | 24.32 | |||
| Support | S1 | 23.89 | -1.77% | |
| S2 | 23.49 | -3.41% | ||
| S3 | 21.86 | -10.12% |
SBLK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 12, 2024 | Mar 11, 2024 | Mar 28, 2024 | $0.450 | 1.89% |
| 2 | Nov 13, 2023 | Dec 04, 2023 | Dec 18, 2023 | $0.220 | 1.04% |
| 3 | Aug 03, 2023 | Aug 21, 2023 | Sep 07, 2023 | $0.400 | 2.30% |
| 4 | May 16, 2023 | Jun 06, 2023 | Jun 27, 2023 | $0.350 | 2.00% |
| 5 | Feb 16, 2023 | Feb 27, 2023 | Mar 14, 2023 | $0.600 | 2.67% |
FAQ
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