Weaker Buy Today GNK.L ranks #529 as BUY CANDIDATE. Stronger Buy
Today GNK.L ranks #529 as BUY CANDIDATE.

GNK.L stock Genco Shipping & Trading Ltd

GNK.L stock
Genco Shipping & Trading Ltd

April 24, 2019
Change 0.59%
Chart period: 2019-01-25 - 2019-04-24
USER PREDICTION
£663.18
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will GNK.L stock price go up or down on Thu, 25 Apr 2019?

Genco Shipping & Trading Ltd Forecast and Stock Analysis

Technical GNK.L stock analysis for April 24, 2019.

Buy candidate since 2019-04-18 Gain 1.96%
Shorts 5.57% ( 2019-03-29 )
Cash n/a
Loans n/a
Beta 0.52
ROA -2.14

Genco Shipping & Trading Ltd gained 0.59% in the last trading day, rising from £673.60 to £677.60 , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days and is up by 2.95% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 53 412 more shares were traded than the day before. In total, 861 364 shares bought and sold for approximately £583.66 million.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the GNK.L stock was £677.60. This is 0.59% more than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 1.52% from a day low at £669.00 to a day high of £679.20.

30 day high of the GNK.L stock price was £679.20 and low was £649.60.
90 day high was £680.00 and low was £583.00.
52 week high for the Genco Shipping & Trading Ltd - £680.00 and low - £466.90.

Trend

Genco Shipping & Trading Ltd lies in the middle of a 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 11.86% during the next 3 months and, with 90% probability hold a price between £736.61 and £809.15 at the end of this period.

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Signals

Only positive signals in the chart today. Genco Shipping & Trading Ltd holds buy signals from both short- and long-term moving averages. In addition, 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 £665.60 and £661.02. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday April 08, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

RSI14 is 65 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Genco Shipping & Trading Ltd finds support from accumulated volume at £660.00.

Support: £660.00 Price: £677.60 Resistance: £678.00

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £10.20 (1.52%) between high and low. For the last week, the stock has had a daily average volatility of 1.78%.

Our recommended stoploss: £642.56 (-5.17%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 10 days ago.)

Overall risk:

Very Low Low Medium High Very High

Weaker Buy Today GNK.L ranks #529 as BUY CANDIDATE. Stronger Buy
Today GNK.L ranks #529 as BUY CANDIDATE.