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SHIP Stock Analysis: Seanergy Maritime Holdings Corp. (SHIP) operates as an international shipping company specializing in the worldwide seaborne transportation of dry bulk commodities. It focuses on owning and management of fleet of Capesize bulk carriers. In this SHIP Stock Analysis video, we discuss a macroscopic and microscopic overview of the company. We also establish levels of support and resistance for both investors and traders, analyze the 200 EMA (Exponential Moving average), 20 VAMA (Volume-Adjusted Moving Average), RSI (Relative Strength Index), bullish and bearish trends, technical analysis chart patterns, and potential entry and exit points for traders and investors.
SHIP Fundamentals: https://www.marketwatch.com/investing/stock/ship?mod=over_search
SHIP StockTwits: https://stocktwits.com/symbol/SHIP
SHIP Website: https://www.seanergymaritime.com/en/news/press-releases/article-00D5B393BD
2 Free Stocks With $100 Deposit on Webull: https://act.webull.com/ve/L4WlkRlNSpq9/vvk/inviteUs/
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What is up, everybody welcome to trace trades. We get technical analysis and different stocks in the stock market, as well as potential buy, hold or sell opinions on these given stocks. I like the premise by saying that i am not a financial advisor nor expert, so take what i say with a grain of salt. The reason i started this challenge because a couple years back, i was about thirty thousand dollars deep in some pretty bad medical debt, and i was very fortunate to have some close family friends and mentors that pushed me to work hard and invest my money and i'm Happy to say that not only am i not financially free, but i'm doing pretty well for myself at the age of 23.

So if i can pass on any of the information resources or tools to you guys and make the community a little bit better off than it was before, that's all a guy can ask for. Lastly, if you wouldn't mind dropping a like on the video, it really does help support the channel and consider subscribing if you'd like to see more content like this, as i do post videos every day, multiple times a day. Now we are going to be doing a ticker symbol, ship ship synergy, maritime holdings corporation. This is a subscriber requested, video coming in from flacco black from the patreon.

So thank you very much for suggesting this and a quick shout out to the guys over the patreon. We do have quite a few new people joining us. We are sitting at about 170 members, aaron drake, tim nathan, louis germ, german billy ibrahim manu kevin. Sorry, if i said your names wrong, i really do apologize um.

Thank you guys. So much for the support really doesn't mean a lot. They will have access to the private discord where we talk about all different kinds of stock ideas and investing strategies, as well as real-time insight to my personal trading and watch out for the scam account guys. This is not me, don't buy his crap, don't contact that number you'll know it's me, because it's got this gray box around my name so i'll just be watching.

For that. That's kind of interesting to see i'm not gon na lie um. I i saw that chris sainz got one of these, so maybe that means my channel is going somewhere, it's kind of fun to watch it's a cheeky 3 42 in the morning over here in minnesota in the united states, and we are ready to get after it To in the market, so we're going to be taking a look here at ship um. I'm presenting this to you guys, because i actually really like the setup here, and i think that it is set to do some pretty solid things today.

So we're going to cover this on a one month chart now we're going to take a look at the overall volume. The rsi indicator, anything being over 70 over bought anything under 30 oversold. I do have two indicators pulled up here: the 200 dma, which is a 200 day moving average trendline valuation and then the vomit, the volume adjusted moving average over a 20 day period, and this is the same thing as the v-op, depending on your brokerage account. And this is just a 20-day average trendline valuation based on overall volume that is factored into a stock, we'll take a look at different levels of support and resistance.

Certain certain bullish or bearish patterns that i've seen on the stock and then we'll take a look at this on a one day. One minute chart as well uh just to give you a different perspective, so in case you're not familiar with what the company is. I've got them pulled up here on market watch and they operate as an international shipping company specializing in the worldwide seabourn transportation of dry bulk commodities. It focuses on owning and management of fleet of cape size, bulk carriers.

Their current market cap is about 31 million, so they are a pretty small company, so in terms of risk, as far as market cap goes, it is a little bit a little bit higher um, but you know if we pull up zone really quick, that company right Now is trading at 85 cents for a 31 million dollar market cap zone is currently trading 88 cents with a 273 million dollar market cap, so either zone is extremely undervalued or uh. Ship is extremely overvalued. Um ship currently has 39 000 members on stock. To its message, volume is up.

A lot sentiment is up a lot prices up a lot and typically when the message volume is up, it's because it's starting to gain traction momentum and hype and um. That's not a bad thing right. That means that with more people following you're going to have more volume, increased volatility - and you could see this push up towards now. That was my alarm guys.

I got up at three um, but i set it for 345, just in case anyways um, that's not necessarily a bad thing. That means you're likely to see more traction on the stock, more people trading more overall volatility, which is exactly what you're. Looking for in a penny stock um, the most recent news that they have is just announcing their financial results for the third quarter as of november 18th on their website, and if we take a look at this really quick uh for the quarter ended september. 30Th.

2020. The company generated net revenues after voyage expenses of 15.8 million compared to 15.9 million in the corresponding quarter of 2019, so down just a hair, 100 thousand dollars um. But you know overall i'd say: that's pretty neutral, that's not the end of the world right um! It's not necessarily a bad thing, not necessarily a great thing um it is, it is what it is so with that being said, let's just take a quick look at the charts here. I will have some levels of support and resistance.

Just to start us off um. We are currently looking at about 62 cents right here and then another level of support sitting right around here at uh, 74 cents and then lastly, a level of support right around here at about 85 cents. And you know if we do want to look at this and just draw this out for right now. I do see a bullish flag formation right here and this did come to fruition.

So i will thicken the line here. Just that's very seeable. Um draw a couple. More trend lines nice flag formation coming in right now, and this is a great bullish confirmation on the stock.

So i really do like to see that that does look very nice now we did push through that right now in the in the uh after the pre-market on you know, january 12. We are currently up from where we were yesterday trading pretty nicely. I think yesterday was up. You know, 30 percent on the day, so that does look extremely nice.

The volume uh volume adjusted moving average is trading above the 200 ema right now, as of the 5th of january, which is an extremely bullish indicator as well, and this did happen when the stock was trading at about 53 cents. So if you got into the stock at 53 cents and you're sitting right now, still holding you're, looking pretty good you're, almost up 100 on your investment and uh, you know the overall movement on the stock is extremely bullish. It is moving very very nicely. So i do like to see the overall volume on the stock it is, it is increasing.

Um, you know the after hours in pre-market trading is nothing out of the ordinary, but we do have this nice bump, and if this does continue into today, i would expect to see it push for this overall level of resistance right now, sitting at about 94 cents And if we can't push above 94 cents, i would expect to see a push for a dollar and if we can get above a dollar guys, that's going to be a huge deal because people are going to try to hold above that magic barrier. That's a that's! Like the graduation to level two of penny stocks and uh and ship is definitely on its way there so um, i think the best case scenario which you're going to see here with this stock is another flag formation. So we did see it looks like it's going to be another gap up day in the market. So you can see that this is the pole right and if we can see that same flag formation begin to form during the regular market hours or even the pre-market and push above that to break a dollar that is going to be an absolutely beautiful day.

If we look at the rsi indicator here, you know anything over 70 being overbought, the corrections uh they're a mixed bag right. We did have one time when we corrected down to the 28 range on the rsi indicator, but for the most part, the corrections are just a hair under neutral 35. Mid 40s, nothing, nothing too bad. So the risk here does not seem super high for a harsh correction in the future and the movements here are extremely clean right.

So we were trading at 47 cents on the 22nd of december and we're currently trading at 99, 85 cents right now. So that's uh! That's a pretty clean run up guys, it's looking really really nice and this company could do some really solid things. I i'm not minding that whatsoever, so um looking very clean on the charts as of right now, this gap space right here between the the vomit and the 200 ema, is really nice, the larger the gap you see between these two um, you know trend lines. The more bullish a stock is in this given moment and if we can hold this space into today and push for that dollar mark, i think you're going to see a lot more buyers come into this right, and i really really like to see that overall volume.

That's trending on the stock right now, with volume comes volatility and with volatility comes higher price valuation, so we just want to see that we hold on to that volume into today. So if you are trading this or you're holding a position, i would just watch that pretty closely and if you're not trading, this, what's a good entry point right, especially since this is such a bullish stock right now, well, you're going to look to see if we Can hold this level of support right now? The 85 cent range and if we do drop below that, i do think 74 cents is a very nice looking uh entry point now the corrections. Typically, when we have a run up, you know we're looking here at 53 cents and we correct it down to about 52 cents. So that's about a penny, nothing, nothing crazy! You know here we're looking at uh, 54 cents down to 49 cents and uh.

No. This is 60 cents down to 51 cents. So you know the the risk is probably about five or ten percent of a correction just based on previous trends um. So that would seem to add up to about the 74 cent mark about 10 or so of a correction.

So if you do see a drop back down to the 74 cent mark, it does seem like a solid entry point. If you're interested in getting into synergy maritime holdings corporation now, what's a good selling point? Well, if you believe in this company long term, um admit to long term, you know you're not really worried about the day-to-day variations right um. So i would watch to see that we push over a dollar, because you know you are going to get a solid return on your on your investment with ship. If you are in at uh, you know 80 cents and it's not just five dollars.

Think about it. Like this mvis, if we look at them on a one-month chart a month ago, they were trading at three dollars. Three months ago, they were trading at two and a half dollars. Six months ago, they were trading at a dollar.

Sixty a year ago, they're trading at 65 cents right. So this could be something like mvis, i'm just giving you an example right um. But if that does come to fruition um you could be looking at a pretty solid return on your investment. If it does keep panning out the way that it is so far because the movement is extremely clean, like a month ago, this stock was 49 cents and it has literally just seemed to to be a straight up movement.

It's been very, very clean. The volume is increasing day by day, and if we can hold on to that, i would not be surprised whatsoever to see it continue. Its bullish run. So we're just going to change this to a two-day chart, change it to one minute, frequency and level off some levels of support and resistance.

If you're interested in day trading this, i would not recommend uh shorting the stock, as you would be trading against the grain per se um, but you're. Looking at you know, 68 cents, 68.3 cents is another level of support 74.16 as another level of support and then currently hogging that 85 cent mark as a last level of support. So if you're looking to day trade, this, you know watch for a bounce off of 85 cents and if we do come down to 74 cents watch for a bounce you may want to enter at that point um and then ride it up to the next level Of support watch for a bounce or a push through that level of uh, which would be an active level of resistance and then exit your trade at that point, so that that'd be the best bet. You know for day trading this this company, like i said i would not recommend shorting.

You would be trading against the grain, even if there's a correction coming right. The the overall trend is extremely bullish and we do have you know in the pre market right now. The volume adjusted moving average pushed up over the 200 ema, so that is a double confirmation on this stock that it is extremely bullish. At this moment we are gapping up right now in the pre-market.

It looks very, very clean guys. This is this is easy, clean price action so um, that's it's looking really nice. That's that's kind of how i'm doing things on ship. So thank you again to the to to patron flacco, black and subscriber flacco black for the recommendation.

I do cover at least one subscriber requested stock every single day, and i will uh continue to do so. So if you'd, like your ticker symbol, cover just drop in the comment section and i'll do my best to get to as many of you as i can. I understand that i can't reach everybody uh if i could i'd be making 100 videos a day but um looking very nice. So thank you for watching the video guys.

I really do appreciate it. I know i'm quieter than usual. It is. It is early in the morning, so you have to you'll have to bear with me.

Please drop a like on the video if you enjoyed, it really does help support the channel and consider subscribing if you'd like to see more content like this. As i do post videos every single day and uh, lastly, i have an affiliate link in the description box down below for tubebuddy. Now tubebuddy is an seo optimization website that i personally pay a nine dollar per month membership fee for and it is highly what i attribute growing from zero to almost 6 000 subscribers in just a little over three weeks. So if you're a content creator or looking to become one, i could not highly recommend this enough.

It helps get your videos into the eyes of your intended audience and it is a great tool. If you do use my link, i would receive a commission at no extra cost to you uh. This is a great way to support the channel and, if you're not interested, that's totally fine. I'm just great i'm glad to have your support by taking the time to watch my videos, so that is all i have for you today.

Thank you for watching my friends and i will see you all next time. Peace.

By Trey

22 thoughts on “This penny stock is hot! // ship stock analysis // subscriber requested technical analysis”
  1. Avataaar/Circle Created with python_avatars E C says:

    what happen to SHIP , its sinking today .Any idea why ?

  2. Avataaar/Circle Created with python_avatars John Ree says:

    SRPT please!!

  3. Avataaar/Circle Created with python_avatars Arveen says:

    Got sum PTE anD GLOBALSTAR is skyrocking

  4. Avataaar/Circle Created with python_avatars Ryan says:

    Check out $HAPP. They just reported 70% increase in revenue but the market has not reacted to the positive news. High potential imo

  5. Avataaar/Circle Created with python_avatars The_OneCrow says:

    Danaos โ€œDACโ€ looks like a good buy and hold

  6. Avataaar/Circle Created with python_avatars The_OneCrow says:

    Whatโ€™s up brotha!!! Great video๐Ÿ‘

  7. Avataaar/Circle Created with python_avatars KoKo FitFaded says:

    Too late to jump in!? ๐Ÿค”

  8. Avataaar/Circle Created with python_avatars Darion Browne says:

    "I saw that Chris Sain's got one of these so maybe that means my channel is going somewhere" ๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚ …
    Great video man!

  9. Avataaar/Circle Created with python_avatars MrTricstar says:

    Hi! Any thoughts on the price and where it could potentially be soon? I bought in as soon as I could around 0.85 and itโ€™s running up near the dollar mark.
    Iโ€™m going to hold and hope for some big gains soon.
    Great vids Keep it up.

  10. Avataaar/Circle Created with python_avatars J Wills says:

    Ive been watching this one as well. Nice! NMTR is another….

  11. Avataaar/Circle Created with python_avatars Robert Lasher says:

    Trey can you look into CCIV im curious as to why it went up 30-40 percent yesterday

  12. Avataaar/Circle Created with python_avatars TuRb0nAsTy88 says:

    Still holding pte?

  13. Avataaar/Circle Created with python_avatars Fisher Roberto says:

    You can get more info about me on my channel ๐Ÿ˜๐Ÿ’‹ ๐Ÿ’๐Ÿ’–โค๏ธ

  14. Avataaar/Circle Created with python_avatars Mark Tovar says:

    Dude ZOM has 1 Billion+ volume….๐Ÿ˜ฒ

  15. Avataaar/Circle Created with python_avatars Mark Tovar says:

    Youโ€™re up early my friend… ๐Ÿ™‹๐Ÿปโ€โ™‚๏ธ

  16. Avataaar/Circle Created with python_avatars Hola! Arovelo says:

    hi what idex today run?plz thz

  17. Avataaar/Circle Created with python_avatars Casey McGuire says:

    Are you still holding PTE?

  18. Avataaar/Circle Created with python_avatars Lars Vink says:

    Great video again man! Could you maybe do an update on jagx?

  19. Avataaar/Circle Created with python_avatars Jose Then says:

    What you think about SIFY??

  20. Avataaar/Circle Created with python_avatars ื’ื™ื“ื™ ื•ื™ื ื˜ืจื•ื‘ says:

    Hi there mate

    I saw your last videos – very very good job and excellent explanation.

    really liked your work.

    I want you to be aware of the next stocks that i put an eye on them lately:

    1)Gevo

    2)sundial – if you can tell me wtf is happening down there, volume is so high everyday but still there is no real upside trend.

    3)Diginex

    4)Ebang Intl

    5)can

    6)Mvis

    7)Mara (Related to Bitcoin)

    8)The9 Ltd ADR (Related to Bitcoin)

    9)Tonix Pharma

    10) have an awesome day – you are doing a great job ๐Ÿ™‚

    THX

  21. Avataaar/Circle Created with python_avatars Edward Dominik says:

    Awesome ๐Ÿ˜๐Ÿ’‹ ๐Ÿ’๐Ÿ’–โ™ฅ๏ธโค๏ธ

  22. Avataaar/Circle Created with python_avatars Didrik Harryson says:

    LETS GOOO

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