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Genco Shipping & Trading Limited (GNK) - Buy, Sell or Hold?

Sector: Transportation   Sub-Sector: Marine Transportation
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 17 Nov 2017Bullish EngulfingBearish EngulfingTue, 07 Nov 2017-6.33%
***Stock database and scans are updated around midnight (New York time) every trading day.
10.66 0.00 (0%) Nov 17 4:00pm EDT
Open: 10.12 Range: 10.12 - 10.83 Vol: 64.46K Avg Vol: 57.41K
EPS: -4.02 P/E ratio: 0.00 EBITDA: 4.74M Mkt Cap: 413.44M
Analyze "GNK" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 10.47
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 11.47
Last Trade is below the 50 day moving average at 12.03
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 11.23
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of GNK

Stock Trend Analysis - Buy, Sell or Hold "Genco Shipping & Trading Limited" (GNK)?

Although GNK is currently trading below its 200 day moving average, it is prudent to note that in the last 52 weeks, GNK has been trading above the 200 day moving average for 95% of the time with an average daily volume of 57.4K shares changing hands. This could portend a sustained reversal in trend, or just a slight bump in the road prior to resuming its bullish bias.The 50 day moving average indicates a medium term trading range with a bullish upside inclination. The 20 day moving average is however displaying a very bearish bias. GNK may be due for an oversold bounce, but objectively, as long as GNK is trading below its 200 SMA, rallies will be sold into. Technically there are too many uncertainties to recommend a buy on this stock at this moment. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "GNK".

The analyst consensus estimates for the 1 year price target for this stock is $16.21* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Nov 2017
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