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DryShips Inc. (DRYS) - Buy, Sell or Hold?

Sector: Transportation   Sub-Sector: Marine Transportation
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Thu, 15 Jun 2017NoneBearish EngulfingWed, 14 Jun 2017-5.03%
***Stock database and scans are updated around midnight (New York time) every trading day.
2.44 0.00 (0%) Jun 23 4:00pm EDT
Open: 2.59 Range: 2.43 - 2.79 Vol: 6.79M Avg Vol: 8.47M
EPS: -186.11 P/E ratio: 0.00 EBITDA: -36.42M Mkt Cap: 17.44M
Analyze "DRYS" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 1.84
Medium Term: Trading is Range Bound
Last Trade is below the 20 day moving average at 2.90
Last Trade is above the 50 day moving average at 2.03
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 3.44
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of DRYS

Stock Trend Analysis - Buy, Sell or Hold "DryShips Inc." (DRYS)?

DRYS is in a long term downtrend and it has traded about 67% of the time below the 200 day moving average in the last 52 weeks on daily average volume of 8.5M shares changing hands. For the medium term, the 50 day moving average is generally in a trading range with a bearish downward bias. The 20 day moving average is also showing some signs of weakness as DRYS has been trading below its 20 SMA for 55% of the time in the last 8 weeks. As DRYS is in a downtrend characterized by the 200 SMA, currently at 3.44, the most likely scenario is that rallies will be sold into until the 200 SMA is convincingly taken out. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "DRYS".

The analyst consensus estimates for the 1 year price target for this stock is $117600.00* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Thu, 15 Jun 2017
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