The Hourly View for DSX
500 – Internal server error This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 100, 20 and 50 hour moving averages have been crossed, so that price is now turning above them. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
DSX ranks 43rd in terms of today’s price percentage change out of Transportation stocks.
DSX’s Technical Outlook on the Daily Chart
At the moment, DSX’s price is up $0.19 (3.98%) from the day prior. DSX has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. Regarding moving averages, it should first be noted that price has crossed the 100 day moving average, resulting in them with price now being above it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows DSX’s price action over the past 90 days.
DSX: Daily RSI Analysis
DSX: Daily RSI Analysis
For DSX News Traders
News traders keeping an eye on DSX may find value in this recent story:
Diana Shipping (DSX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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The post Diana Shipping Inc (DSX): Price Now Near $4.96; Daily Chart Shows Downtrend on 20 Day Basis appeared first on ETF Daily News.
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