EAGLE BULK SHIPPING INC. - Daily - Technical analysis published on 09/12/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 4.87 USD
My targets
5.16 USD (+3.41%)
5.50 USD (+10.22%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on EAGLE BULK SHIPPING INC. as long as the price remains well above 4.87 USD. The buyers” bullish objective is set at 5.16 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.50 USD. If there is any crossing, the next objective would be the resistance located at 5.81 USD.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
5.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EAGLE BULK SHIPPING INC. rating is 4.99 USD. The price registered an increase of +2.25% on the session and was traded between 4.79 USD and 5.05 USD over the period. The price is currently at +4.18% from its lowest and -1.19% from its highest.4.79
5.05
4.99
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this EAGLE BULK SHIPPING INC. chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 17 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.20 | 4.59 | 4.87 | 4.99 | 5.16 | 5.50 | 5.81 |
| Change (%) | -15.83% | -8.02% | -2.40% | - | +3.41% | +10.22% | +16.43% |
| Change | -0.79 | -0.40 | -0.12 | - | +0.17 | +0.51 | +0.82 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.59 | 4.71 | 4.79 | 4.91 | 4.99 | 5.11 | 5.19 |
| Camarilla | 4.83 | 4.84 | 4.86 | 4.88 | 4.90 | 4.92 | 4.94 |
| Woodie | 4.58 | 4.70 | 4.78 | 4.90 | 4.98 | 5.10 | 5.18 |
| Fibonacci | 4.71 | 4.78 | 4.83 | 4.91 | 4.98 | 5.03 | 5.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.25 | 4.39 | 4.59 | 4.73 | 4.93 | 5.07 | 5.27 |
| Camarilla | 4.69 | 4.72 | 4.75 | 4.78 | 4.81 | 4.84 | 4.87 |
| Woodie | 4.27 | 4.41 | 4.61 | 4.75 | 4.95 | 5.09 | 5.29 |
| Fibonacci | 4.39 | 4.52 | 4.60 | 4.73 | 4.86 | 4.94 | 5.07 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.95 | 3.41 | 4.01 | 4.47 | 5.07 | 5.53 | 6.13 |
| Camarilla | 4.31 | 4.41 | 4.50 | 4.60 | 4.70 | 4.79 | 4.89 |
| Woodie | 3.01 | 3.45 | 4.07 | 4.51 | 5.13 | 5.57 | 6.19 |
| Fibonacci | 3.41 | 3.82 | 4.07 | 4.47 | 4.88 | 5.13 | 5.53 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 63.19 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | 9.15 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 4.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.29 | |
| Elder Ray (13): | 0.24 | |
| Super Trend (3,10): | 4.18 | |
| Zig ZAG (10): | 4.99 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 91.66 | |
| TEMA (21): | 4.85 | |
| Williams %R (14): | -5.74 | |
| Chande Momentum Oscillator (20): | 0.79 | |
| Repulse (5,40,3): | 3.6300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 18.42 |
| MA7: | 4.80 | |
| MA20: | 4.52 | |
| MA50: | 4.78 | |
| MA100: | 4.93 | |
| MAexp7: | 4.80 | |
| MAexp20: | 4.62 | |
| MAexp50: | 4.68 | |
| MAexp100: | 4.78 | |
| Price / MA7: | +3.96% | |
| Price / MA20: | +10.40% | |
| Price / MA50: | +4.39% | |
| Price / MA100: | +1.22% | |
| Price / MAexp7: | +3.96% | |
| Price / MAexp20: | +8.01% | |
| Price / MAexp50: | +6.62% | |
| Price / MAexp100: | +4.39% |
News
The last news published on EAGLE BULK SHIPPING INC. at the time of the generation of this analysis was as follows:
-
Eagle Bulk Shipping Inc. - EGLE Stock Chart Technical Analysis for 07-25-2019
- Eagle Bulk Shipping Inc. to Host Earnings Call
- Investor Network: Eagle Bulk Shipping Inc to Host Earnings Call
This member declared not having a position on this financial instrument or a related financial instrument.
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