Get started
Diana Shipping Inc.Diana Shipping Inc.Diana Shipping Inc.

Diana Shipping Inc.

No trades
See on Supercharts
Overview Financials News
Ideas
Minds Technicals Forecast

DSZ trade ideas

DSX breakout driven by earnings and the baltic dry index Finally a breakout from the 4.50 area which has been serving as resistance for the past year. story is driven by improving earnings and a strengthening baltic dry index which has been making higher lows ever since 2-2016. we are coming off of a very very long pattern with the baltic dry index making a multi decade bottom back in feb 2016. stock has been getting a bit hot in relation to the 21 day ema and created a bear trap with that long wick upside down hammer on the chart just a couple days ago. rather than pull back to the 21 day ema {which i expected} it turned and ran higher with a high momentum MACD cross and broke previous resistance with a solid daily close. all eyes are now on if it can hold that previous resistance level as support. so long as the baltic dry index keeps improving this stock could be on it's way to the $7 range as the oversupply from the 2008 era dry bulk boom has mostly been worked through. also note we have been above 2015 avg levels on the baltic dry index for the trailing 12 months. 2015 is the far left side of the chart where that cluster of sideways trading is. unless the index goes parabolic i would expect to see resistance in that area. a stop as low as 4.10 could be argued depending on your risk tolerance and timeframe. also note we still have not had a consolidation pullback since the new uptrend began on the last earnings report.
NYSE:DSXLong
by racebum
Defying pattens, taking a long with a tight stop lossThe price pattern since May can be seen as a bear flag or a potential bearish ascending triangle wave pattern. The RSI not giving any indications either. In addition, the market 'may' be on verge of big correction and this is not a very strongly performing ticker. However the price is at 200 SMA and there is likelihood of shipping sector having bottomed. From general reading on Seeking Alpha, I believe this is one of the most promising companies in the Deep Sea transportation group. The first target is to fill the long term channel. I do see this as long term hold though. If stop loss is triggered, may take another position ~2 looking for a double bottom.
NYSE:DSXLong
by GolgaFrinchan