Meyka Pro is live. Get 50% off your first 3 months.Get Started →
Meyka Pro banner
EuroDry Ltd.

EDRY Technical Analysis Summary (NASDAQ)

Analyze EDRY on the NASDAQ with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

EDRY●NASDAQ
IndustrialsMarine Shipping
$51.53
$1.31(2.48%)
U.S. Market opens in NaNh NaNm

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

EDRY Technical Analysis Summary (NASDAQ)

EuroDry Ltd. (NASDAQ: EDRY) stock currently shows a neutral trend on the NASDAQ, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 46.24)
Trend Strength:Very Strong (ADX: 47.16)
Volatility:High (ATR: 5.40)
Support/Resistance:$44.21 – $74.25 (Bollinger Bands)

Technical conditions suggest EuroDry Ltd. on the NASDAQ is awaiting a decisive move. Overall, EuroDry Ltd. remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 46.24

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 21.07

Bearish
Momentum remains weak below midpoint.

Williams %R: -81.85

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -19.92

Strongly Bearish
Sharp downside momentum.

Takeaway:EuroDry Ltd. shows strong bearish momentum, signaling downside pressure.

Trend & Volatility

MACD: 1.25

Bullish
Bullish, trend momentum is strengthening.

ADX: 47.16

Very Strong
Very strong trend, powerful directional momentum.

ATR (14): 5.40

High
High volatility, wide price fluctuations.

CCI (14): -65.06

Bearish
Bearish, momentum remains under pressure.

Takeaway:EuroDry Ltd. shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$74.25
Middle Band (SMA 20)
$59.23
Lower Band
$44.21
Current Position
Within Bands

Takeaway:EuroDry Ltd. trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$66.12
Middle Line (EMA 20)
$55.32
Lower Channel
$44.51
Squeeze Status
No Squeeze

Takeaway:EuroDry Ltd. trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume2.14M
Money Flow Index40.55Neutral, balanced money flows with no clear signal.
Relative Vigor Index43.90Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:EDRY shows balanced money flow with a slight bearish tilt.

Technical Trading Signals Summary
Based on the current technical analysis of EuroDry Ltd. (NASDAQ: EDRY), here are the key trading signals and recommendations:

Bullish Signals

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for EuroDry Ltd. are mixed, suggesting a Hold or wait-and-see approach.

(NASDAQ: EDRY) Technical Analysis FAQ