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

Sector: Transportation   Sub-Sector: Marine Transportation
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Wed, 16 Aug 2017Bearish EngulfingBullish EngulfingTue, 01 Aug 201781.25%
***Stock database and scans are updated around midnight (New York time) every trading day.
3.19 0.00 (0%) Aug 16 4:00pm EDT
Open: 3.54 Range: 3.10 - 3.74 Vol: 16.41M Avg Vol: 10.54M
EPS: -6514.45 P/E ratio: 0.00 EBITDA: -36.42M Mkt Cap: 905960.00
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 3.04
Medium Term: Trading is Range Bound
Last Trade is above the 20 day moving average at 1.91
Last Trade is below the 50 day moving average at 6.23
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 2147.55
* 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 very strong downtrend. For the last 52 weeks, DRYS has maintained to stay firmly below the 200 day moving average for 100% of the time. Rallies will be sold into until the downtrend reverses. The medium term trend for DRYS is also extremely bearish and weak, having traded almost 100% of the time below the 50 day moving average. The 20 day moving average is also showing some signs of weakness as DRYS has been trading below its 20 SMA for 75% of the time in the last 8 weeks. As DRYS is in a strong downtrend characterized by the 200 SMA, currently at 2147.55, the most likely scenario is that rallies will be sold into until the 200 SMA is convincingly taken out. Technically, there is very little reason to recommend a buy on this counter, although DRYS may get a short term oversold bounce around here. 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 $588000.00* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Wed, 16 Aug 2017
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