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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, 11 Oct 2017DojiBullish EngulfingMon, 02 Oct 201721.38%
***Stock database and scans are updated around midnight (New York time) every trading day.
3.15 0.00 (0%) Oct 18 12:33pm EDT
Open: 3.26 Range: 3.10 - 3.27 Vol: 741.82K Avg Vol: 10.32M
EPS: -955.89 P/E ratio: 0.00 EBITDA: -31.37M Mkt Cap: 6.71M
Analyze "DRYS" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 3.27
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 2.74
Last Trade is above the 50 day moving average at 2.64
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 2492.30
* 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 99% 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 89% of the time below the 50 day moving average. The 20 day moving average is in a trading range, however, it exhibits a bullish bias. DRYS may experience some profit taking and it is unclear how strong buying support will be for this stock as objectively, it is still in a strong long term downtrend with the 200 SMA currently at 2492.30. Technically, there is very little reason to recommend a buy on this counter. 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, 11 Oct 2017
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