DSX
Diana Shipping Industrials Investor Relations →
Diana Shipping (DSX) closed at $2.10 as of 2026-06-19, trading 15.8% below its 200-week moving average of $2.49. This places DSX in the extreme value zone. The stock is currently moving closer to the line, down from -5.0% last week. The 14-week RSI sits at 46, indicating neutral momentum.
Over the past 14 weeks, down-weeks have had more trading volume than up-weeks (0.57 buyers-vs-sellers ratio). That means when people are active, they're more often selling than buying. Sellers are still more in control than buyers.
Over the past 1060 weeks of data, DSX has crossed below its 200-week moving average 17 times. On average, these episodes lasted 41 weeks. The average one-year return after crossing below was -7.5%, suggesting these dips have not historically been reliable buying opportunities for this stock.
With a market cap of $261 million, DSX is a small-cap stock. Return on equity stands at 8.7%. The stock trades at 0.5x book value.
Share count has increased 12.8% over three years, indicating dilution.
Over the past 20.4 years, a hypothetical investment of $100 in DSX would have grown to $48, compared to $848 for the S&P 500. DSX has returned -3.6% annualized vs 11.0% for the index, underperforming the broader market over this period.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: DSX vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After DSX Crosses Below the Line?
Across 16 historical episodes, buying DSX when it crossed below its 200-week moving average produced an average return of -10.8% after 12 months (median -22.0%), compared to +14.9% for the S&P 500 over the same periods. 19% of those episodes were profitable after one year. After 24 months, the average return was -0.9% vs +34.1% for the index.
Each line shows $100 invested at the moment DSX crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. Between earnings dates, FCF is constant — so the score is purely a function of stock price. The levels below show at what prices DSX would reach each dislocation threshold.
Dislocation Price Levels
Prices where DSX's Bean Score would hit each σ threshold. Valid until next earnings report: 2026-07-30.
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $2.12 | Unusually cheap — potential buy zone |
| Value | +1σ | $2.57 | Cheap vs. own history |
| Fair Value | +0σ | $3.28 | Historical mean behavior |
| Expensive | -1σ | $4.54 | Expensive vs. own history |
| Deep Expensive | -2σ | $7.34 | Unusually expensive — potential trim zone |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are reference points for identifying potential swing trade opportunities, not buy/sell signals. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from DSX's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. They are starting points for research, not buy or sell signals. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
DSX has crossed below its 200-week MA 17 times with an average 1-year return of +-7.5% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Feb 2006 | Aug 2006 | 25 | 19.3% | +78.2% | -52.4% |
| Oct 2008 | Feb 2009 | 17 | 53.0% | +13.2% | -69.8% |
| Feb 2009 | Apr 2009 | 9 | 22.3% | +15.4% | -70.3% |
| May 2009 | May 2009 | 1 | 1.6% | -7.8% | -75.3% |
| Jun 2009 | Nov 2009 | 21 | 24.0% | -12.4% | -74.0% |
| Nov 2009 | Jul 2013 | 190 | 52.1% | -20.4% | -76.6% |
| Jul 2013 | Aug 2013 | 1 | 4.0% | -3.5% | -63.9% |
| Jul 2014 | Aug 2014 | 2 | 3.3% | -21.5% | -62.6% |
| Sep 2014 | Jun 2018 | 195 | 73.7% | -25.2% | -60.6% |
| Jul 2018 | Jul 2019 | 52 | 39.2% | -20.7% | -22.4% |
| Jul 2019 | Oct 2019 | 11 | 15.2% | -57.4% | +10.4% |
| Nov 2019 | Mar 2021 | 68 | 63.0% | -49.0% | +6.2% |
| Mar 2021 | Apr 2021 | 3 | 2.1% | +106.7% | +17.2% |
| Feb 2024 | Feb 2024 | 1 | 1.6% | -30.6% | -18.1% |
| Mar 2024 | Apr 2024 | 4 | 1.0% | -39.7% | -20.7% |
| May 2024 | Apr 2026 | 100 | 54.4% | -45.7% | -23.3% |
| May 2026 | Ongoing | 4+ | 15.8% | Ongoing | -10.6% |
| Average | 41 | — | +-7.5% | — |
Frequently Asked Questions
Is DSX below its 200-week moving average?
Yes. As of 2026-06-19, Diana Shipping (DSX) is trading 15.8% below its 200-week moving average of $2.49. The current price is $2.10.
What is DSX's 200-week moving average price?
Diana Shipping's 200-week moving average is $2.49 as of 2026-06-19. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when DSX drops below its 200-week moving average?
DSX has crossed below its 200-week moving average 17 times in our data. The average one-year return after these crossings was -7.5%, meaning the dips were not reliable buying signals for this particular stock. These episodes lasted 41 weeks on average.
Is DSX a good value right now?
Here's what our data says about DSX as of 2026-06-19: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 46. Return on equity is 8.7%. Price-to-book is 0.5x. This is not a buy or sell recommendation — always do your own research.
How does DSX compare to the S&P 500?
Over the past 20.4 years, $100 invested in DSX would have grown to $48, compared to $848 for the S&P 500. That's -3.6% annualized vs 11.0% for the index. DSX has underperformed the broader market over this period.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-06-19