EGLE can't seem to break out of this Downtrend, worst possible rating....

EAGLE BULK SHIPPING INC (NASDAQ:EGLE)
Strong Downtrend
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
Based on a pre-defined weighted trend formula for chart analysis, EGLE scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend):


-10 Last Hour Close Below 5 hour Moving Average
-15 New 3 Day Low on Monday
-20 Last Price Below 20 Day Moving Average
-25 New 3 Week Low, Week Ending November 7th
-30 New 3 Month Low in November

-100 Total Score


Open High Low EGLE Price Change
4.6300 4.8000 4.5500 4.7505 -0.0295

Streaming Chart