Stock Trend Analysis Report
Prepared for you on Wednesday, October 5, 2022.
Eagle Bulk Shipping Inc. (NASDAQ:EGLE)
Sidelines Mode (-55) - EGLE is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid EGLE?
MarketClub looks at technical strength and momentum to determine if the timing is right for EGLE.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EGLE
The long-term trend has been DOWN since Jun 23rd, 2022 at 51.2106
The intermediate-term trend has been DOWN since Aug 15th, 2022 at 48.6100
The short-term trend has been UP since Sep 30th, 2022 at 43.0800
Smart Scan Analysis for EGLE
Based on our trend formula, EGLE is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||6.14||Year High Date||2018-06-22|
|Year Low||4.22||Year Low Date||2018-11-12|
|52wk High||78.75||52wk High Date||2022-06-06|
|52wk Low||36.21||52wk Low Date||2021-11-16|
|Year End Close||1.5||Average Volume||410,651|
|Shares Outstanding||13,691||Short Interest||1,048,370|
|% Institutional||30.3||Market Cap||365M|