Star Bulk Carriers Technical Analysis (NASDAQ:SBLK)
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 SBLK stock chart pattern can give those who understand technical analysis an indication of which way SBLK stock is headed, but cannot predict with 100% certainty as to what can happen to the Star Bulk Carriers 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 Star Bulk Carriers. The technical analysis form of Star Bulk Carriers stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Star Bulk Carriers Moving Average
Moving averages help predict the price direction of SBLK stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $13.14 is above the last closing price of $12.98 and the 50 day moving average of $13.25 is above the last closing price of $12.98. The 10 and 20 day periods can predict short term moving average trends.
Star Bulk Carriers Bollinger Bands
Bollinger bands comprise of a center line usually SBLK SMA, and two SBLK stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $12.98 is in the lower range of Star Bulk Carriers bollinger bands.
Star Bulk Carriers Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Star Bulk Carriers MACD indicator is below 0 indicating a bearish trend.
Star Bulk Carriers Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of SBLK stock is 44.19.