ASC NEWS why is Ardmore Shipping Corporation price falling or rising

ASC NEWS reasons for why stock price of Ardmore Shipping Corporation is falling or rising

ASC Ardmore Shipping is falling or rising technical reasons

Technical analysis forecast of Ardmore Shipping Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Ardmore Shipping ASC at this time. Stock is rising and might rise more.

It appears as if Ardmore Shipping ASC gave a large move recently.

Stock of Ardmore Shipping (ASC) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Ardmore Shipping is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Ardmore Shipping stays above 21.8, but if it comes below 21.8, then a intra day sell could be more profitable.
If you take a sell trade below 21.8, then use 21.8 as stoploss and 19.43 as target. However if you take a buy trade in Ardmore Shipping, then use 21.8 as stoploss and 24.6 as target.

ASC Ardmore Shipping is falling or rising NEWS fundamental reasons

More announcements and NEWS

ASC Ardmore Shipping Corporation current price & indicator signals

Moving Averages for Ardmore Shipping Corporation

  • 5Day Average: 22.05
  • 12Day Average: 20.11
  • 20Day Average: 18.7
  • 50Day Average: 17.22
  • 100Day Average: 16.49
  • 150Day Average: 15.55
  • 200Day Average: 14.86

ASC Indicators & signals

Indicator MACD (12,26,9)

20.49, 18.92, 1.1
Indicator MACD is in positive zone

Indicator ADX (14)

60, 49.23, 12.31
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 69
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ASC Ardmore Shipping Corporation are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
17 Fri May 2024 22.36 21.86 to 22.62 -0.89% 0.86 times
16 Thu May 2024 22.56 22.11 to 22.64 1.21% 0.7 times
15 Wed May 2024 22.29 21.55 to 22.38 1.64% 1.06 times
14 Tue May 2024 21.93 20.97 to 21.96 3.84% 1.2 times
13 Mon May 2024 21.12 20.55 to 21.30 3.68% 1.19 times
10 Fri May 2024 20.37 20.26 to 20.73 -0.29% 0.81 times
09 Thu May 2024 20.43 20.00 to 20.46 0.44% 1.29 times
08 Wed May 2024 20.34 17.87 to 20.52 15.57% 2.29 times
07 Tue May 2024 17.60 17.52 to 17.82 -0.28% 0.48 times
06 Mon May 2024 17.65 17.49 to 17.84 1.32% 0.54 times
03 Fri May 2024 17.42 17.07 to 17.48 0.87% 0.44 times
02 Thu May 2024 17.27 16.73 to 17.33 3.54% 0.5 times

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