Today ASC ranks # as BUY CANDIDATE.
Today ASC ranks # as BUY CANDIDATE.

ASC stock Ardmore Shipping Corporation

ASC stock
Ardmore Shipping Corporation

April 22, 2019
Change 1.16%
Chart period: 2019-01-23 - 2019-04-22
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Buy

Will ASC stock price go up or down on Tue, 23 Apr 2019?

Ardmore Shipping Corporation Forecast and Stock Analysis

Technical ASC stock analysis for April 22, 2019.

Buy candidate since 2019-04-18 Gain 1.16%
Shorts 10.57% ( 2019-03-29 )
Cash n/a
Loans n/a
Beta 1.21
ROA -5.08

Ardmore Shipping Corporation gained 1.16% in the last trading day, rising from $6.88 to $6.96 The price has been going up and down for this period, and there has been a 13.54% gain for the last 2 weeks. Volume fell in the last day by -22 601 shares, and in total, 117 680 shares bought and sold for approximately $819 053.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Close price at the end of the last trading day (Monday, 22nd Apr 2019) of the ASC stock was $6.96. This is 1.16% more than the trading day before Thursday, 18th Apr 2019.

During day the stock fluctuated 3.06% from a day low at $6.87 to a day high of $7.08.

30 day high of the ASC stock price was $7.24 and low was $5.40.
90 day high was $7.24 and low was $5.04.
52 week high for the Ardmore Shipping Corporation - $8.75 and low - $4.22.

Trend

Ardmore Shipping Corporation lies in the upper part of a very wide and strong rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $7.24 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 19.35% during the next 3 months and, with 90% probability hold a price between $6.80 and $8.64 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Ardmore Shipping Corporation holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately $7.00. On a fall, the stock will find some support from the long-term average at approximately $6.04. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Thursday April 18, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

The stock had a Golden Star Signal* on Tuesday March 26, 2019 in the medium-term chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 59 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $6.37 and $5.90.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Ardmore Shipping Corporation finds support just below today's level at $6.37. If this is broken, then the next support from accumulated volume will be at $5.90 and $5.41.

Support: $6.37 Price: $6.96 Resistance: $7.01

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.21 between high and low, or 3.06%. For the last week the stock has had a daily average volatility of 3.65%.

Our recommended stoploss: $6.55 (-5.84%) (This stock has high daily movements and this gives high risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Today ASC ranks # as BUY CANDIDATE.
Today ASC ranks # as BUY CANDIDATE.