GOLDEN OCEAN GROUP LTD (GOGL.OL) Stock Technical Analysis
Europe - Euronext Oslo - OSL:GOGL - BMG396372051 - Common Stock
Overall GOGL gets a technical rating of 3 out of 10. GOGL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
GOGL has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
70.23
When analyzing the support we can see 3 important areas.
- Support @76.29 from a trend line in the daily time frame.
- A support zone ranging from 72.55 to 73.55. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @70.94 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 89.29 to 92.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for GOGL.OL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GOGL.OL is neutral. |
| ChartMill Relative Strength | 18.63 | NEGATIVE | GOGL.OL has a low relative strength, it was outperformed by 81.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GOGL.OL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GOGL.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GOGL.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.95 | NEUTRAL | The RSI value for GOGL.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.96 | NEGATIVE | The MACD value suggests GOGL.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.49 | NEUTRAL | The Stochastics value for GOGL.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.12 | MEDIUM VOLATILITY | The ATR as a percentage value for GOGL.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 21.1 | NEUTRAL | The ADX value for GOGL.OL suggests a possible start of a new trend. |
OSL:GOGL (8/19/2025, 7:00:00 PM)
83.25
+0.95 (+1.15%)
GOLDEN OCEAN GROUP LTD / GOGL.OL FAQ
What is the ChartMill technical rating of GOLDEN OCEAN GROUP LTD (GOGL.OL) stock?
ChartMill assigns a technical rating of 3 / 10 to GOGL.OL.
What is the current trend direction of GOLDEN OCEAN GROUP LTD (GOGL.OL) stock?
The current trend direction for GOLDEN OCEAN GROUP LTD (GOGL.OL) is Bearish.
What is the RSI signal for GOGL stock?
GOLDEN OCEAN GROUP LTD (GOGL.OL) has an RSI value of 45.9492. This indicates that the stock is currently neutral.
What is the MACD signal for GOLDEN OCEAN GROUP LTD (GOGL.OL) stock?
The MACD indicator for GOLDEN OCEAN GROUP LTD (GOGL.OL) has a value of -0.962731, indicating a bearish trend.
What is the short term momentum for GOGL stock?
The short term momentum for GOLDEN OCEAN GROUP LTD (GOGL.OL) is neutral.