Technical Analysis for ASC - Ardmore Shipping Corporation

Grade Last Price % Change Price Change
grade F 4.02 1.01% 0.04
ASC closed up 1.01 percent on Tuesday, August 11, 2020, on 1.27 times normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down
Historical ASC trend table...

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
Shooting Star Candlestick Bearish 0.00%
Stochastic Buy Signal Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Oversold Stochastic Weakness 0.00%
Bullish Engulfing Bullish 1.01%
Bollinger Band Squeeze Range Contraction 1.01%
Oversold Stochastic Weakness 1.01%
New 52 Week Closing Low Bearish 3.34%

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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.
Freight Transport Maritime Transport Tanker Chemical Tankers Merchant Navy Shipping Services Bw Group

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 9.79
52 Week Low 3.7301
Average Volume 343,739
200-Day Moving Average 6.08
50-Day Moving Average 4.51
20-Day Moving Average 4.09
10-Day Moving Average 4.09
Average True Range 0.26
ADX 9.07
+DI 26.14
-DI 22.63
Chandelier Exit (Long, 3 ATRs ) 3.98
Chandelier Exit (Short, 3 ATRs ) 4.57
Upper Bollinger Band 4.41
Lower Bollinger Band 3.76
Percent B (%b) 0.4
BandWidth 16.03
MACD Line -0.14
MACD Signal Line -0.15
MACD Histogram 0.0089
Fundamentals Value
Market Cap 134.97 Million
Num Shares 33.6 Million
EPS -0.37
Price-to-Earnings (P/E) Ratio -10.86
Price-to-Sales 1.54
Price-to-Book 0.70
PEG Ratio -4.88
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 4.53
Resistance 3 (R3) 4.56 4.43 4.45
Resistance 2 (R2) 4.43 4.30 4.41 4.42
Resistance 1 (R1) 4.22 4.22 4.33 4.19 4.39
Pivot Point 4.09 4.09 4.14 4.07 4.09
Support 1 (S1) 3.88 3.96 3.99 3.85 3.65
Support 2 (S2) 3.75 3.88 3.73 3.62
Support 3 (S3) 3.54 3.75 3.60
Support 4 (S4) 3.51