Why Genco Shipping & Trading Limited (NYSE:GNK) Is Acting Slightly Strange (2019-11-25)

REPORTING FOR 2019-11-25 | TODAYISRAEL.COM: We have done an in-depth analysis of how GNK has been trading over the last 2 weeks and the past day especially. On its latest session, Genco Shipping & Trading Limited (NYSE:GNK) opened at 10.39, reaching a high of 10.52 and a low of 10.19 before closing at a price of 10.33. There was a total volume of 309134.

VOLUME INDICATORS FOR GENCO SHIPPING & TRADING LIMITED (NYSE:GNK): We saw an accumulation-distribution index of 60.58119, an on-balance volume of -10.35, chaikin money flow of 4.07692 and a force index of 0.0286. There was an ease of movement rating of 0.00257, a volume-price trend of 0.62811 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR GENCO SHIPPING & TRADING LIMITED (NYSE:GNK): We noted an average true range of 0.2798, bolinger bands of 10.23068, an upper bollinger band of 10.10482, lower bollinger band of 10.19, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 10.36667, high band keltner channel of 10.23667, low band keltner channel of 10.49667, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 10.19, a donchian channel low band of 10.19, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR GENCO SHIPPING & TRADING LIMITED (NYSE:GNK): We calculated a Moving Average Convergence Divergence (MACD) of -0.001, a MACD signal of -0.00055, a MACD difference of -0.00044, a fast Exponential Moving Average (EMA) indicator of 10.19, a slow Exponential Moving Average (EMA) indicator of 10.19, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.04273, a trix of 4.55733, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of -0.58731, a KST Oscillator (KST) of 61.1611 and a KST Oscillator (KST Signal) of 61.1611 (leaving a KST difference of -1.15853). We also found an Ichimoku rating of 10.455, an Ichimoku B rating of 10.455, a Ichimoku visual trend A of 9.99263, an Ichimoku visual trend B of 10.12292, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.

MOMENTUM INDICATORS FOR GENCO SHIPPING & TRADING LIMITED (NYSE:GNK): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 74.59708, a stochastic oscillator of 253.84615, a stochastic oscillator signal of 253.84615, a Williams %R rating of 153.84615 and an awesome oscillator of 0.04433.

RETURNS FOR GENCO SHIPPING & TRADING LIMITED (NYSE:GNK): There was a daily return of 6.11611, a daily log return of -0.43766 and a cumulative return of -0.4367.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-11-25 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Genco Shipping & Trading Limited (NYSE:GNK)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Genco Shipping & Trading Limited (NYSE:GNK) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Abigale Lawrence

Abigale is a Masters in Business Administration by education. After completing her post-graduation, Abigale jumped the journalism bandwagon as a freelance journalist. Soon after that she landed a job of reporter and has been climbing the news industry ladder ever since to reach the post of editor at Today Israel. As an avid daytrader, she is a master of technical analysis and writes tirelessly on how stocks are trading.

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Abigale Lawrence

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