$SB H&S break with more downsideSome strong support but still potential downside to complete the pattern.
SB trade ideas
Safe Bulkers, Inc. ($SB) AnalysisSector: Industrials - Marine Shipping | Country: Monaco
Company Overview:
Safe Bulkers, Inc. ( NYSE:SB ), a key player in the Industrials sector with a focus on Marine Shipping, operates globally, providing safe and efficient shipping solutions. As a small-cap company based in Monaco, Safe Bulkers specializes in transporting bulk cargoes, contributing to the vital maritime logistics infrastructure.
Performance Metrics:
NYSE:SB demonstrates compelling performance metrics within the small_cap screening, indicating potential opportunities for investors.
Relative Strength: Exhibiting robust relative strength scores of 3.97 against its sector and an impressive 5.11 against the S&P500, NYSE:SB showcases resilience and outperformance against broader market benchmarks.
U/D Ratios: With a U/D ratio of 1.77 (50 days) and 2.24 (15 days), NYSE:SB reveals positive market sentiment and notable upward price movements.
Detected Base Depth: A substantial detected base depth of 70.67% positions NYSE:SB favorably, indicating a solid foundation for potential future growth.
Price Dynamics:
Despite a slight volume deviation of -2.32% below its 15-day average, recent candlestick patterns reveal a 1.33% range in the last candle body and a strong 100.0% closing range. This signifies strong bullish momentum and stability.
The last closing price, at -1.04% away from base resistance, provides an attractive entry point, suggesting potential for further upward momentum.
Short-term Trends:
Over the last 10 days, NYSE:SB has experienced declining prices, volume, and accumulation, reflecting short-term pull back sentiments.
EMA Analysis:
Historical EMA patterns suggest that NYSE:SB usually encounters local tops when the price closes around 49.18% above its 50-day Exponential Moving Average (EMA). Currently, the last closing price is 9.51% away from the 50 EMA, indicating potential correction levels.
Trade Idea:
An entry at $3.9 aligns with pullback and accumulation signals, providing an attractive risk-reward profile.
A disciplined stop loss at $3.62, based on recent lows, mitigates risk and ensures prudent risk management.
The proposed trade targets an impressive 5.43 Risk-Reward (RR) ratio, with a target price of $5.44, anticipating a total profit of $217.05 or 39.47%.
Conclusion:
Safe Bulkers, Inc. ( NYSE:SB ) exhibits strength in the Marine Shipping sector, with robust relative strength and a detected base depth. The proposed trade idea aligns with pullback and accumulation signals, offering an attractive entry point for investors seeking exposure to potential future growth in the maritime shipping industry.
Safe Bulkers: 3 Rising Valleys Into a Bull Flag Bullish BAMM Safe Bulkers has formed 3 Rising Valleys with Hidden Bullish Divergence, and on the 3rd Valley, it seems to have formed a Bull Flag. Once it breaks out of the Bull Flag it will enter a Bullish BAMM that could take it up to the 0.886 all the way up to the 1.13 Extension as it enters an Alternate Bat Bullish BAMM.
Safe Bunkers potential buying areaSB is close to reaching a strong buying area around the 0.5fib.
Waiting for completion of the M formation and bullish signs to confirm.
Safe Bulkers, Inc. Announces Common Stock Repurchase ProgramSB: Safe Bulkers, Inc.
2022-06-21 16:05:00
Safe Bulkers, Inc. Announces Common Stock Repurchase Program
5/25/22 SBSafe Bulkers, Inc. ( NYSE:SB )
Sector: Transportation (Marine Shipping)
Market Capitalization: $571.751M
Current Price: $4.72
Breakout price: $4.85
Buy Zone (Top/Bottom Range): $4.20-$4.35
Price Target: $5.55-$6.00
Estimated Duration to Target: 287-295d
Contract of Interest: $SB 1/20/23 5c
Trade price as of publish date: $0.80/contract
Safe bunkers creating potential topSafe bunkers seems to be creating a top formation.
For a potential buy at least wait for a new bullish structure on support.
Reasoning:
Uptrend broken (black arrow)
Bearish divergence with the RSI (green arrows)
In the process of creating a lower high
However, we did create a W-formation after the drop, which is bullish. However, the right time to buy is on the retest of the neckline, completing the pattern. (See orange drawing).
IF support is found there, expect more bullish continuation.
If not we are potentially heading to the 0.5 or 0.618fib (green drawing).
Possible move to $5 zone Short term swing play . Prediction is based on the the indicator strategy (look to yellow circles and price action on the chart)
Not financial advice .
SafeBulk - Bought into the which is in the shipping industrySafebulk is in the shipping company and it is not is one of the hot industry that is recovery in COVID-19.
I see this industry to recover in coming years. Vested
Potential Breakout for SBLooks like we'll be testing the resistance after coming out of a healthy .5 retracement. Looks like there's enough push to get this to the next level.
SB: Ascending Triangle (42%)Confirmed ascending triangle on the daily.
All indicators are Go!
Price target = 6.75$
Stay humble, have fun, make money!
SB making its breakoutI had set a marker that if SB crossed up the 3.5 price, then we had a chance for a breakout. Well that happened a few days ago and the price has been climbing with good volume. the first test will be at $4.43 as there's been resistance here previously. But it is passes through that it should keep climbing and my short term target is $5.32.
I have options at $5 October priced at .20 and I'm hoping to make a nice profit on this.
$SB pattern from Feb/March repeat?Noticed the very similar swing high off the flag yielded a double in the first half year? Repeating again?
Safe Bulkers $SBStrong earnings, small float, bulk freight insulated from costs related to sea containers.
SBvery interesting setup
the rejection at 4.45 does not seem as strong as the two previous times
if this reclaims 4.25 I would anticipate a break of 4.45
volume during this consolidation has been huge so I would expect a powerful move to the upside if 4.45 breaks
SB: Ascending Triangle (46%), Bullish Flag (93%)Primary Target (short term):
Ascending Triangle, confirmed (46%)
PT = 4.30$
Secondary Target (Long term):
Bullish Flag, confirmed (93%)
PT = 4.74$
Break of 3.15Valuation
Market Capitalization
325.68M
Total Shares Outstanding (MRQ)
105.398M
Sector: Transportation
Industry: Marine Shipping
Safe Bulkers, Inc. is a holding company, which engages in the ownership and operation of dry bulk vessels. The firm offers marine dry bulk transportation services, transporting bulk cargoes, particularly coal, grain, and iron ore. Its fleet include Panamax, Kamsarmax, Post-Panamax, and Capesize class vessels. The company was founded on December 11, 2007 and is headquartered in Les Acanthes, Monaco.
Key levels
Breaks 3.15 - 52 week high can test 3.50 level
If it fails that price of 3.15 it can retrace to 2.20-2.40
SB Announces Expansion of Common Stock Repurchase Program and AdSB: Safe Bulkers, Inc.
2020-03-19 09:00:10
Safe Bulkers, Inc. Announces Expansion of Common Stock Repurchase Program and Adoption of Preferred Stock Repurchase Program
$SB - Bullish In Trend Looking StrongSafe Bulkers, Inc. is a holding company, which engages in the ownership and operation of dry bulk vessels. It also offers marine dry bulk transportation services, transporting bulk cargoes, particularly coal, grain, and iron ore. Its fleet include Panamax, Kamsarmax, Post-Panamax, and Capesize class vessels. The company was founded on December 11, 2007 and is headquartered in Athens, Greece.
SHORT INTEREST
992.82K 10/15/19
P/E Current
11.91
P/E Ratio (with extraordinary items)
14.81
P/E Ratio (without extraordinary items)
11.10
Average Recommendation: OVERWEIGHT
Average Target Price: 2.33
Safe Bulkers, Inc. Announces Common Stock Repurchase Program SB: Safe Bulkers, Inc.
2019-06-06 16:05:00
Safe Bulkers, Inc. Announces Common Stock Repurchase Program - GlobeNewswire
