GOLAR LNG LTD (GLNG)

BMG9456A1009 - Common Stock

41.33  -0.17 (-0.41%)

After market: 41.3 -0.03 (-0.07%)

Technical Rating and Analysis

10

Overall GLNG gets a technical rating of 10 out of 10. Both in the recent history as in the last year, GLNG has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, GLNG did better than 93% of all other stocks. On top of that, GLNG also shows a nice and consistent pattern of rising prices.
GLNG is part of the Oil, Gas & Consumable Fuels industry. There are 205 other stocks in this industry. GLNG outperforms 93% of them.
GLNG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so GLNG is performing more or less in line with the market.
GLNG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
GLNG has an average volume of 1304430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
GLNG Weekly chart
GLNG Daily chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, GLNG also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

20.07

41.74

We found 4 important support areas.

  • Support @40.60 from a horizontal line in the daily time frame.
  • A support zone ranging from 35.74 to 35.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @21.51 from a trend line in the weekly time frame.
  • Support @20.27 from a horizontal line in the weekly time frame.

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.62
Mansfield2.69
10 Day High44.08
10 Day Low40.4
20 Day High44.08
20 Day Low36.54
52 Week High44.08
52 Week Low19.94
Performance
1 Week-4.94%
2 Weeks-2.64%
1 Month12.13%
3 Month21.17%
6 Month43.11%
12 Month77.38%
2 Year81.35%
3 Year233.58%
5 Year190.65%
10 Year13.33%
15 Year222.39%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.21
RSI(14)55.03
LBB39.86
UBB44.29
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
42.3940.591.79 (4.23%)23.61%
An entry @42.38. This is a Buy Stop order right above the 10 day moving average.An exit @40.59. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 1.79 points, which is 4.23%.When investing 23.61% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The distance between exit and entry is rather small compared to the average daily movement of GLNG. Please evaluate whether better entry and exit points can be found.
  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
GLNG Daily chart

GOLAR LNG LTD

NASDAQ:GLNG (12/20/2024, 8:14:55 PM)

After market: 41.3 -0.03 (-0.07%)

41.33

-0.17 (-0.41%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.41%
1 Week-4.94%
2 Weeks-2.64%
1 Month12.13%
3 Month21.17%
6 Month43.11%
12 Month77.38%
2 Year81.35%
3 Year233.58%
5 Year190.65%
10 Year13.33%
15 Year222.39%
Volatility
ATR(14)1.54
ATR(20)%3.84%
ATR Inc10.73%
Range Today1.36
ADR(20)1.47
ADR(20)%3.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.62
Mansfield2.69
10 Day High44.08
10 Day Low40.4
20 Day High44.08
20 Day Low36.54
52 Week High44.08
52 Week Low19.94
CS1 End40.6
CR1 StartN/A
Volume & EV
DER(3)1.18%
DER(5)-0.91%
Volume1.56M
Volume Incr21.53%
Vol(5)1.83M
Vol(50)1.30M