The Chart of the Day belongs to the marine shipping services company SEACOR Marine Holdings (SMHI) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 9/27 the stock gained 5.27%.
SEACOR Marine Holdings Inc. provides marine and support transportation services to offshore oil, natural gas, and windfarm facilities worldwide. Its offshore support and specialty vessels deliver cargo and personnel to offshore installations, including offshore wind farms; handle anchors and mooring equipment for offshore rigs and platforms; assist offshore operations for production and storage facilities; provide construction, well work-over, and offshore wind farm installation and decommissioning support; and carry and launch equipment used underwater in drilling and well installation, maintenance, inspection, and repair, as well as offer accommodations for technicians and specialists, safety support, and emergency response services. As of December 31, 2022, the company operated a fleet of 60 support vessels, of which 58 were owned or leased-in, and two were managed on behalf of unaffiliated third parties. It serves integrated national and international oil companies, independent oil and natural gas exploration and production companies, and oil field service and construction companies, as well as offshore wind farm operators and offshore wind farm installation and maintenance companies. The company was founded in 1989 and is headquartered in Houston, Texas.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 129.20+ Weighted Alpha
- 115.77% gain in the last year
- Trend Seeker buy signal
- Above its 20, 50 and 100 day moving averages
- 6 new highs and up 7.48% in the last month
- Relative Strength Index 63.53%
- Technical support level at $13.91
- Recently traded at $14.29 with 50 day moving average of $12.80
Fundamental Factors:
- Market Cap $385 million
- Wall Street is not covering yet so there are no Revenue and Earnings projections
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide
- The individual investors following the stock on Motley Fool voted 101 to 8 for the stock to beat the market with the more experienced investors voting 6 to 1 fro the same result
- Value Line rates the stock its average rating of 3
- CFRAs Marketscope has a sell recommendation
- 7,210 investors monitor the stock on Seeking Alpha
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
