Ardmore Shipping Corp

ASC is currently in a Stage 2 corrective reset within an overarching uptrend. Medium-term directional asymmetry remains bullish, but short-term price is under pressure, rejecting rallies into the 9/21 EMA zone and trading below the 50 DMA. Execution should be deferred, stalking pullbacks into the EMA and 50 DMA confluence for signs of selling absorption before entering.

• ↑Q1 2026 adj. earnings of $23.6M ($0.58/share) reflecting robust operations
• ↑Quarterly dividend up from $0.09 to $0.39, boosting yield to 2.42%
• ↓Over half the fleet will be over 20 years old by 2031, raising maintenance and compliance costs