Ardmore Shipping Corp

ASC remains in a Stage 2 advancing uptrend with medium-term bullish bias supported by rising EMAs, but the active Bullish Exhaustion pattern at recent highs and slight extension above the 9-day and 20-day EMAs indicate near-term momentum fatigue at resistance; defer new entries until a pullback and acceptance into the 20-day EMA/50-day SMA support zone.

• ↑Q2 adjusted earnings of $48.3M ($1.48/share) beat estimates on $51.9k/day MR TCE rates.
• ↑Declared $0.79/share dividend (~20% yield), underscoring disciplined capital returns.
• ↓Revenue forecast to drop ~46% over next two years, pressuring cash flow.