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(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.

Showing technical analysis as on 2024-04-22 View latest technical analysis

10 day averaged volume of Genco Shipping is 473170

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	20.80	20.48	20.98	20.43	1.004 times
19 Fri Apr 2024	20.55	20.33	20.72	20.29	0.908 times
18 Thu Apr 2024	20.28	20.20	20.47	20.05	0.853 times
17 Wed Apr 2024	20.26	20.56	20.69	20.22	0.85 times
16 Tue Apr 2024	20.39	20.50	20.61	20.30	0.892 times
15 Mon Apr 2024	20.65	20.74	21.01	20.58	0.728 times
12 Fri Apr 2024	20.55	20.85	20.95	20.48	0.929 times
11 Thu Apr 2024	20.95	20.88	21.21	20.79	1.336 times
10 Wed Apr 2024	20.61	20.25	20.89	20.23	1.085 times
09 Tue Apr 2024	20.38	20.32	20.48	20.17	1.357 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 20.7, but if it comes below 20.7, then a intra day sell could be more profitable.
If you take a sell trade below 20.7, then use 20.7 as stoploss and 20.44 as target. However if you take a buy trade in stock , then use 20.7 as stoploss and 21.1 as target.

Share price targets for Genco Shipping (GNK)

Target Type	Value
Downside Target	14.03
Downside Target	15.67
Downside Target	16.72
Downside Target	18.00
Downside Target	19.39
Downside Target	20.70
Upside Target	20.98
Upside Target	21.01
Upside Target	21.06
Upside Target	21.21
Upside Target	21.24

Intraday share price targets for Genco Shipping (GNK)

Target Type	Value
Downside Intraday Target	20.49
Downside Intraday Target	20.19
Upside Intraday Target	21.04
Upside Intraday Target	21.29
Downside Intraday Target	20.74

Weekly technical analysis of Genco Shipping (GNK)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	20.80	20.48	20.98	20.43	0.237 times
19 Fri Apr 2024	20.55	20.74	21.01	20.05	0.733 times
12 Fri Apr 2024	20.55	20.78	21.21	20.17	0.729 times
05 Fri Apr 2024	20.72	20.50	21.06	19.93	1.433 times
28 Thu Mar 2024	20.33	20.40	20.70	19.63	0.704 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
22 Mon Apr 2024	20.80	20.50	21.21	19.93	0.615 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	1.059 times
31 Wed Jan 2024	17.54	16.65	18.00	15.67	1.008 times

Scroll below to view daily charts

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)

Price action analysis of Genco Shipping ( (GNK) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Genco Shipping ( (GNK) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Genco Shipping ( (GNK) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 Weak and stock is gaining momentum.

MACD generated a SELL signal for Genco Shipping in short term but the sell signal is initial and weak.

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Genco Shipping is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 20.56 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.