Technical Analysis for ASC - Ardmore Shipping Corporation

Grade Last Price % Change Price Change
A 20.34 15.57% 2.74
ASC closed up 15.57 percent on Wednesday, May 8, 2024, on 4.17 times normal volume. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
New Uptrend Bullish 0.00%
Expansion Breakout Bullish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Volume Surge Other 0.00%
Wide Range Bar Range Expansion 0.00%
New 52 Week High Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Earnings Movers Other 0.00%
Multiple of Ten Bullish Other 0.00%

   Recent Intraday Alerts

Alert Time
Up 10% about 6 hours ago
Possible Pocket Pivot about 6 hours ago
60 Minute Opening Range Breakout about 7 hours ago
2x Volume Pace about 7 hours ago
1.5x Volume Pace about 7 hours ago

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Profile

Ardmore Shipping Limited engages in the ownership and operation of product and chemical tankers. The company provides shipping services to customers through voyage charters, commercial pools, and time charters. It serves trade customers worldwide. The company was founded in 2010 and is based in Mahon, Ireland.
Classification

Sector: Industrials
Industry: Shipping & Ports
Keywords: Freight Transport Tanker Maritime Transport Shipping Services Merchant Navy Chemical Tankers

Is ASC a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 20.52
52 Week Low 11.1367
Average Volume 538,425
200-Day Moving Average 14.34
50-Day Moving Average 16.43
20-Day Moving Average 16.71
10-Day Moving Average 17.42
Average True Range 0.60
RSI (14) 83.22
ADX 25.3
+DI 53.87
-DI 8.20
Chandelier Exit (Long, 3 ATRs) 18.72
Chandelier Exit (Short, 3 ATRs) 17.24
Upper Bollinger Bands 18.78
Lower Bollinger Band 14.63
Percent B (%b) 1.37
BandWidth 24.86
MACD Line 0.58
MACD Signal Line 0.27
MACD Histogram 0.3107
Fundamentals Value
Market Cap 840.02 Million
Num Shares 41.3 Million
EPS 3.39
Price-to-Earnings (P/E) Ratio 6.00
Price-to-Sales 1.54
Price-to-Book 1.28
PEG Ratio -6.04
Dividend 1.15
Dividend Yield 5.65%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 24.32
Resistance 3 (R3) 23.93 22.23 23.65
Resistance 2 (R2) 22.23 21.21 22.42 23.43
Resistance 1 (R1) 21.28 20.59 21.76 21.67 23.21
Pivot Point 19.58 19.58 19.81 19.77 19.58
Support 1 (S1) 18.63 18.56 19.11 19.02 17.47
Support 2 (S2) 16.93 17.94 17.12 17.25
Support 3 (S3) 15.98 16.93 17.03
Support 4 (S4) 16.37