GNK NEWS why is Genco Shipping & Trading Limited price falling or rising

GNK NEWS reasons for why stock price of Genco Shipping & Trading Limited is falling or rising

GNK Genco Shipping is falling or rising technical reasons

Technical analysis forecast for Genco Shipping Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Genco Shipping GNK at this time. Stock is falling and might fall more.

It appears as if Genco Shipping GNK gave a large move recently.

Stock of Genco Shipping (GNK) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Genco Shipping is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Genco Shipping stays below 14, but if it comes above 14, then a intra day buy could be more profitable.
If you take a sell trade below 14, then use 14 as stoploss and 13.6 as target. However if you take a buy trade in Genco Shipping, then use 14 as stoploss and 14.26 as target.

GNK Genco Shipping is falling or rising NEWS fundamental reasons

More announcements and NEWS

GNK Genco Shipping & Trading Limited current price & indicator signals

Moving Averages for Genco Shipping & Trading Limited

  • 5Day Average: 14.1
  • 12Day Average: 14.15
  • 20Day Average: 14.33
  • 50Day Average: 14.35
  • 100Day Average: 15.15
  • 150Day Average: 16.01
  • 200Day Average: 17.2

GNK Indicators & signals

Indicator MACD (12,26,9)

14.18, 14.29, -0.08
Indicator MACD is in negative zone

Indicator ADX (14)

20, 16, 24
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 47
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of GNK Genco Shipping & Trading Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
10 Mon Mar 2025 13.82 13.73 to 14.24 -3.29% 1.24 times
07 Fri Mar 2025 14.29 14.17 to 14.62 0.21% 0.64 times
06 Thu Mar 2025 14.26 13.87 to 14.27 1.86% 1.05 times
05 Wed Mar 2025 14.00 13.94 to 14.43 -0.85% 1.11 times
04 Tue Mar 2025 14.12 13.52 to 14.22 1.29% 0.77 times
03 Mon Mar 2025 13.94 13.93 to 14.63 -2.38% 0.87 times
28 Fri Feb 2025 14.28 14.17 to 14.60 -0.56% 1.32 times
27 Thu Feb 2025 14.36 14.07 to 14.48 -0.55% 1.41 times
26 Wed Feb 2025 14.44 14.28 to 14.58 1.69% 1.08 times
25 Tue Feb 2025 14.20 14.01 to 14.44 2.31% 0.82 times
24 Mon Feb 2025 13.88 13.83 to 14.14 -1.91% 0.94 times
21 Fri Feb 2025 14.15 14.06 to 14.87 -3.81% 0.98 times

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GNK NEWS why is Genco Shipping & Trading Limited  price falling or rising

 

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