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The Shipping Corporation of India Limited

Check the daily chart of The Shipping Corporation of India Limited. The closing price of 2022-09-30 was INR 113.85 per share.

The Shipping Corporation of India Limited Daily Candlestick Chart

1. Trend Indicators

1.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

The Shipping Corporation of India Limited Daily Moving Averages ChartThe Shipping Corporation of India Limited Daily Moving Averages Chart
1.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Let's take a look of the Moving Average Convergence/Divergence (MACD) of The Shipping Corporation of India Limited:

  • The Moving Average Convergence/Divergence (MACD) is -0.627. The Moving Average Convergence/Divergence (MACD) below zero is a bearish sign. -1
  • The MACD is lower than the signal line. This is a bearish indication. -1
The Shipping Corporation of India Limited Daily Moving Average Convergence/Divergence (MACD) ChartThe Shipping Corporation of India Limited Daily Moving Average Convergence/Divergence (MACD) Chart
1.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index).

The ADX helps you determine the strength of a trend. Let's take a look of the ADX of The Shipping Corporation of India Limited:

  • The ADX is 18.041. Not trending. -2
  • The ADX is declining, there is no upcoming trend indication. -1
  • The +DI is lower than the -DI. The current trend is down. -2
The Shipping Corporation of India Limited Daily Directional Movement Index (DMI) ChartThe Shipping Corporation of India Limited Daily Directional Movement Index (DMI) Chart
1.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..
  • The Parabolic SAR is higher than the price. The current trend is down. -2
  • The Shipping Corporation of India Limited Daily Parabolic SAR ChartThe Shipping Corporation of India Limited Daily Parabolic SAR Chart

    2. Momentum Indicators

    2.1 Relative Strength Index (RSI)

    Measures the speed and change of price movements.

    • Leading momentum indicator, meaning the signals are instant.
    • Ranges between 0 and 100.
    • Above 70 is considered overbought.
    • Below 30 is considered oversold.
    • Above or below 50 can also be used to determine price trend or support and resistance.
    • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
    • Can be used in many different ways
    • The RSI is below 50. -1
    The Shipping Corporation of India Limited Daily Relative Strength Index (RSI) ChartThe Shipping Corporation of India Limited Daily Relative Strength Index (RSI) Chart
    2.2 Stochastic Oscillator

    Compares a certain price to multiple prices ranging over time.

    • Leading momentum indicator, meaning the signals are instant.
    • Used to determine overbought and oversold areas much like the RSI.
    • Ranges between 0 and 100.
    • Above 80 is considered overbought.
    • Below 20 is considered oversold.
    • Consists of two lines named K and D.
    • K compares the highest high and lowest low on the selected price range.
    • The D line is a moving average of the K line.
    • Can be used to spot divergences
    • The Stochastic is below 50. -1
    • The Stochastic is below 30 and oversold. +2
    The Shipping Corporation of India Limited Daily Stochastic Oscillator ChartThe Shipping Corporation of India Limited Daily Stochastic Oscillator Chart
    2.3 Commodity Channel Index (CCI)
    The Shipping Corporation of India Limited Daily Commodity Channel Index (CCI) ChartThe Shipping Corporation of India Limited Daily Commodity Channel Index (CCI) Chart
    2.4 Chande Momentum Oscillator (CMO)
    The Shipping Corporation of India Limited Daily Chande Momentum Oscillator (CMO) ChartThe Shipping Corporation of India Limited Daily Chande Momentum Oscillator (CMO) Chart
    2.5 Williams %R
    The Shipping Corporation of India Limited Daily Williams %R ChartThe Shipping Corporation of India Limited Daily Williams %R Chart

    3. Volatility Indicators

    3.1 Bollinger Bands
    The Shipping Corporation of India Limited Daily Bollinger Bands ChartThe Shipping Corporation of India Limited Daily Bollinger Bands Chart
    3.2 Average True Range (ATR)
    The Shipping Corporation of India Limited Daily Average True Range (ATR) ChartThe Shipping Corporation of India Limited Daily Average True Range (ATR) Chart

    4. Volume Indicators

    4.1 On-Balance Volume (OBV)
    The Shipping Corporation of India Limited Daily On-Balance Volume (OBV) ChartThe Shipping Corporation of India Limited Daily On-Balance Volume (OBV) Chart
    4.2 Money Flow Index (MFI)
    The Shipping Corporation of India Limited Daily Money Flow Index (MFI) ChartThe Shipping Corporation of India Limited Daily Money Flow Index (MFI) Chart

    5. Summary

    5.1. Notifications

    TypeNotificationDate
    PenkeCurrently no notifications for The Shipping Corporation of India Limited.

    5.2. Trading Signals

    DateIndicatorEntry signalExit signal
    2022-09-19WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
    2022-09-20DMI SHORT ENTRY LONG CLOSE
    STOCH LONG ENTRY SHORT CLOSE20 crossover to upside
    2022-09-21WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
    2022-09-22STOCH LONG ENTRY SHORT CLOSE20 crossover to upside
    2022-09-23DMI LONG ENTRY SHORT CLOSE
    MFI20 crossover to upside
    2022-09-29MFI20 crossover to downside

    5.2. Technical Score

    Let's check the technical score of The Shipping Corporation of India Limited based on Penke's default Symbol scanner.

    Penke's Symbol Scanner

      
      
    IndicatorConditionValue
    RsiGreater than5042.970
    Ma 20Greater thanMa 50120.013
    Ma 50Greater thanMa 100114.281
    Ma 100Greater thanMa 200110.488
    OpenGreater thanClose115.450
    Total3/5 (60.0%)

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