Genco Shipping & Trading Technical Analysis (NYSE:GNK)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The GNK stock chart pattern can give those who understand technical analysis an indication of which way GNK stock is headed, but cannot predict with 100% certainty as to what can happen to the Genco Shipping & Trading stock price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Genco Shipping & Trading. Technical analysis uses an approach for Genco Shipping & Trading stock analysis that does not care for the fair value of a company but uses price and volume data only.
Genco Shipping & Trading Moving Average
Moving averages help predict the price direction of GNK stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Genco Shipping & Trading are mostly signals of long term trends and will help long term traders.
Genco Shipping & Trading Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Genco Shipping & Trading. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $16.61 is in the lower range of Genco Shipping & Trading bollinger bands.
Genco Shipping & Trading Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Genco Shipping & Trading MACD indicator can be used to identify bullish and bearish trends for the stock.
Genco Shipping & Trading Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 39.09 is the RSI value of GNK stock.