GOLDEN OCEAN GROUP LTD (GOGL) Stock Technical Analysis
NASDAQ:GOGL - Nasdaq - BMG396372051 - Common Stock
We assign a technical rating of 1 out of 10 to GOGL. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, GOGL is a bad performer in the overall market: 86% of all stocks are doing better.
GOGL is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
GOGL has an average volume of 1659070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GOGL is an average performer in the Marine Transportation industry, it outperforms 67% of 29 stocks in the same industry.
In the last month GOGL has a been trading in the 8.52 - 9.52 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, GOGL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 9.34. Right above this resistance zone may be a good entry point.
More info and screens
8.52
13.61
When analyzing the support we can see 2 important areas.
- Support @8.84 from a trend line in the weekly time frame.
- A support zone ranging from 8.61 to 8.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 9.34 to 9.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.93 from a trend line in the daily time frame.
- A resistance zone ranging from 11.29 to 11.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @13.48 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.54
Mansfield-3.3
10 Day High9.52
10 Day Low8.72
20 Day High9.52
20 Day Low8.52
52 Week High15.77
52 Week Low8.52
Performance
1 Week-3.57%
2 Weeks-2.09%
1 Month1.71%
3 Month-17.79%
6 Month-28.53%
12 Month-16.95%
2 Year-6.89%
3 Year-1.44%
5 Year99.11%
10 YearN/A
15 YearN/A
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)0.06
RSI(14)41.17
LBB8.68
UBB9.45
GOLDEN OCEAN GROUP LTD
NASDAQ:GOGL (1/22/2025, 11:34:49 AM)
8.85
-0.07 (-0.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg-0.78%
1 Week-3.57%
2 Weeks-2.09%
1 Month1.71%
3 Month-17.79%
6 Month-28.53%
12 Month-16.95%
2 Year-6.89%
3 Year-1.44%
5 Year99.11%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%2.94%
ATR Inc-20.19%
Range Today0.14
ADR(20)0.22
ADR(20)%2.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.54
Mansfield-3.3
10 Day High9.52
10 Day Low8.72
20 Day High9.52
20 Day Low8.52
52 Week High15.77
52 Week Low8.52
CS1 End8.84
CR1 Start9.34
Volume & EV
DER(3)-0.06%
DER(5)-0.76%
Volume1.09M
Volume Incr5.82%
Vol(5)1.55M
Vol(50)1.66M