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Understanding Technical Signals From Diana Containerships Inc. (DCIX)

Diana Containerships Inc. (NASDAQ:DCIX) fell by -2.18% in Thursday’s trading session from $0.50 to $0.49 and has now fallen 3 consecutive sessions. The price has fallen in 6 of the last 10 days and is down by -20.99% over the same course of time. Volume has increased in Thursday’s trading session by 1.07 million shares, but on a weak note. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.24 M shares exchanged hands for about $606 823.

Inside DCIX’s Recent Trend

Diana Containerships Inc. (DCIX) has broken the very wide and falling short-term trend up. Initially a lower tendency for declines in the price is indicated and this might very well be an early sign that a trend shift is more likely to happen in the next couple of days. In case of reaction, the stock will see strong support at $-2.41, a point that may provide a 2nd chance needed to hit a runner. The next trend top is most likely to be exhibited at $1.47 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.

Diana Containerships Inc. Technical Signals



DCIX has witnessed its long term and short term MA triggering a sell signal. Many traders watch for long-term averages to cross above short-term averages to signal the beginning of a downtrend. Upon corrections, the price will meet resistance from the averages between $0.50 and $0.53. A buy signal will be generated if it crosses above any of these levels.

Diana Containerships Inc. (NASDAQ:DCIX) Support And Resistance Levels

Diana Containerships Inc. (DCIX) recorded volume accumulation so there will probably be a surplus of buyers at $0.47. In case of gains, the next resistance from accumulated volume will not be far away from today’s level at $0.50, $0.50 and $0.52.




Accumulated volume is going to prevent the price from rising further at $0.50 and this action will lead the price to take a temporary pause or stay muted for a few days.

Diana Containerships Inc. (DCIX) Risk Assessment

A volatility based measure Bollinger Bands suggests this stock poses high risk. In the most recent session, the stock price hovered around $0.15 between high and low, or 31.25%. The average volatility for the past week stood at 16.55%.

Diana Containerships Inc. is overbought on RSI14 (13). Some stocks may go long and hard while being overbought on RSI, but overbought increases the general risk as higher volatility could be expected, and at some level the stock will have a reaction back to gain new strength.

 

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