(GNK) Genco Shipping complete technical analysis [charts+indicators] | Buy/Sell Genco Shipping | (GNK) share price targets
Complete technical analysis of Genco Shipping (GNK) by charts plus indicators, forecast predictions and share price targets for Genco Shipping (GNK)
Genco Shipping trades in USA in Transportation sector.
10 day averaged volume of Genco Shipping is 834313
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 23.18 | 23.09 | 23.21 | 22.99 | 0.665 times |
| 16 Thu May 2024 | 23.03 | 22.73 | 23.06 | 22.61 | 0.78 times |
| 15 Wed May 2024 | 22.53 | 22.83 | 22.85 | 22.37 | 0.85 times |
| 14 Tue May 2024 | 22.83 | 22.91 | 22.99 | 22.60 | 1.067 times |
| 13 Mon May 2024 | 22.95 | 22.99 | 23.12 | 22.73 | 0.999 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 22.8, but if it comes below 22.8, then a intra day sell could be more profitable.
If you take a sell trade below 22.8, then use 22.8 as stoploss and 22.09 as target. However if you take a buy trade in stock , then use 22.8 as stoploss and 23.7 as target.
Share price targets for Genco Shipping (GNK)
| Target Type | Value |
| Downside Target | 15.67 |
| Downside Target | 16.94 |
| Downside Target | 18.00 |
| Downside Target | 19.39 |
| Downside Target | 19.93 |
| Downside Target | 21.01 |
| Downside Target | 21.62 |
| Downside Target | 21.73 |
| Downside Target | 22.37 |
| Downside Target | 22.38 |
| Upside Target | 23.21 |
| Upside Target | 23.43 |
Intraday share price targets for Genco Shipping (GNK)
| Target Type | Value |
| Downside Intraday Target | 22.63 |
| Downside Intraday Target | 22.08 |
| Upside Intraday Target | 23.47 |
| Upside Intraday Target | 23.76 |
| Downside Intraday Target | 22.92 |
Weekly technical analysis of Genco Shipping (GNK)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 23.18 | 22.99 | 23.21 | 22.37 | 0.773 times |
| 10 Fri May 2024 | 22.84 | 21.96 | 23.43 | 21.73 | 1.612 times |
| 03 Fri May 2024 | 22.26 | 21.49 | 22.38 | 21.27 | 1.233 times |
| 26 Fri Apr 2024 | 21.55 | 20.48 | 21.62 | 20.43 | 1.183 times |
| 19 Fri Apr 2024 | 20.55 | 20.74 | 21.01 | 20.05 | 0.733 times |
Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Genco Shipping (GNK)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 23.18 | 21.35 | 23.43 | 21.27 | 0.846 times |
| 30 Tue Apr 2024 | 21.34 | 20.50 | 21.62 | 19.93 | 0.823 times |
| 28 Thu Mar 2024 | 20.33 | 20.53 | 21.24 | 19.39 | 0.858 times |
| 29 Thu Feb 2024 | 20.40 | 17.69 | 20.44 | 16.94 | 1.099 times |
Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Genco Shipping (GNK)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 36, 13, 48 | Buy |
| MACD | 1, 1 | Buy |
| Stochastics | 70 | None |
| CCI | 103 | Buy |
| RSI | 48 | Sell |
| OBV | 7214619 | Sell |
| VWAP | 23 | Buy |
| ADL | 0 | Sell |
| ROC | 4 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Genco Shipping ( (GNK) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Genco Shipping ( (GNK) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Genco Shipping ( (GNK) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Genco Shipping ( (GNK) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Genco Shipping stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Genco Shipping in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Genco Shipping Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Genco Shipping in short term and BUY signal is strong.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Genco Shipping is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 22.69 and Genco Shipping (GNK) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Genco Shipping (GNK) stock. Volume based technical analysis of Genco Shipping (GNK) stock is negative.
Genco Shipping Stock is giving positive returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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