Technical Analysis for GNK - Genco Shipping & Trading Limited

Grade Last Price % Change Price Change
D 15.63 1.49% 0.23
GNK closed up 1.49 percent on Friday, March 24, 2023, on 66 percent of normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
Outside Day Range Expansion 1.49%
Wide Bands Range Expansion 1.49%
Gapped Up Strength 1.49%
Oversold Stochastic Weakness 1.49%
Inside Day Range Contraction 1.89%
Wide Bands Range Expansion 1.89%
Oversold Stochastic Weakness 1.89%
Wide Bands Range Expansion 0.19%

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Alert Time
60 Minute Opening Range Breakout about 13 hours ago
Up 1% about 13 hours ago
Fell Below Previous Day's Low about 15 hours ago
Down 1% about 15 hours ago
Outside Day 1 day ago

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Genco Shipping & Trading Limited Description

Genco Shipping & Trading Limited transports iron ore, coal, grain, steel products and other drybulk cargoes along shipping routes through the ownership and operation of drybulk carrier vessels. The Company has two reportable segments, GS&T and Baltic Trading, both of which are engaged in the ocean transportation of drybulk cargoes across the world. The Company's fleet consists of approximately 53 drybulk carriers, including nine Capesize, eight Panamax, 17 Supramax, six Handymax and 13 Handysize drybulk carriers. 32 of the vessels in the Company's fleet are on spot market-related time charters and eleven are on fixed-rate time charter contracts. Additionally, ten of the vessels are operating in vessel pools. The Company's vessels are chartered to charterers, including Cargill International S.A. and its subsidiaries (Cargill), Pacific Basin Chartering Ltd. (Pacbasin), Swissmarine Services S.A. and its subsidiaries (Swissmarine) and the Clipper Logger Pool.


Sector: Industrials
Industry: Shipping & Ports
Keywords: Ships Steel Products Maritime Transport Shipping 3 D Water Transport Bulk Carrier Panamax Bulk Cargo Handymax Capesize Euroseas Handysize Ocean Transportation Drybulk Carrier

Is GNK a Buy, Sell or Hold?

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


Indicator Value
52 Week High 26.4567
52 Week Low 11.6156
Average Volume 1,061,093
200-Day Moving Average 15.82
50-Day Moving Average 17.22
20-Day Moving Average 17.04
10-Day Moving Average 15.74
Average True Range 0.62
RSI 38.65
ADX 34.3
+DI 15.82
-DI 30.59
Chandelier Exit (Long, 3 ATRs) 17.46
Chandelier Exit (Short, 3 ATRs) 16.79
Upper Bollinger Bands 19.94
Lower Bollinger Band 14.15
Percent B (%b) 0.26
BandWidth 34.00
MACD Line -0.63
MACD Signal Line -0.41
MACD Histogram -0.219
Fundamentals Value
Market Cap 653.36 Million
Num Shares 41.8 Million
EPS -0.44
Price-to-Earnings (P/E) Ratio -35.44
Price-to-Sales 0.83
Price-to-Book 0.38
PEG Ratio -1.77
Dividend 0.23
Dividend Yield 1.47%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 16.34
Resistance 3 (R3) 16.27 15.97 16.22
Resistance 2 (R2) 15.97 15.79 16.00 16.18
Resistance 1 (R1) 15.80 15.68 15.88 15.87 16.14
Pivot Point 15.50 15.50 15.54 15.53 15.50
Support 1 (S1) 15.33 15.32 15.41 15.40 15.12
Support 2 (S2) 15.03 15.21 15.06 15.08
Support 3 (S3) 14.86 15.03 15.04
Support 4 (S4) 14.93