GOLDEN OCEAN GROUP LTD (GOGL) Stock Technical Analysis
NASDAQ:GOGL - Nasdaq - BMG396372051 - Common Stock - Currency: USD
Taking everything into account, GOGL scores 0 out of 10 in our technical rating. 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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
87% of all other stocks performed better in the past year than GOGL.
GOGL is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
GOGL has an average volume of 5025800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GOGL is part of the Marine Transportation industry. There are 32 other stocks in this industry, GOGL did better than 41% of them.
In the last month GOGL has a been trading in the 6.27 - 8.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GOGL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 8.07. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for GOGL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
7.47
9.84
We can see 3 important resistance areas.
- A resistance zone ranging from 8.07 to 8.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.76 from a trend line in the daily time frame.
- Resistance @9.74 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.59
Mansfield-2.89
10 Day High7.79
10 Day Low6.94
20 Day High8.4
20 Day Low6.27
52 Week High15.77
52 Week Low6.27
Performance
1 Week6.04%
2 Weeks2.17%
1 Month-9.69%
3 Month-18.38%
6 Month-29.83%
12 Month-48.95%
2 Year-17.49%
3 Year-39.74%
5 Year98.68%
10 Year-69.68%
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)0.11
RSI(14)49.21
LBB6.54
UBB7.92
7.55
-0.22 (-2.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg-2.83%
1 Week6.04%
2 Weeks2.17%
1 Month-9.69%
3 Month-18.38%
6 Month-29.83%
12 Month-48.95%
2 Year-17.49%
3 Year-39.74%
5 Year98.68%
10 Year-69.68%
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%6.21%
ATR Inc-48.85%
Range Today0.18
ADR(20)0.36
ADR(20)%4.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.59
Mansfield-2.89
10 Day High7.79
10 Day Low6.94
20 Day High8.4
20 Day Low6.27
52 Week High15.77
52 Week Low6.27
CS1 EndN/A
CR1 Start8.07
Volume & EV
DER(3)5.32%
DER(5)1.45%
Volume3.42M
Volume Incr-13.04%
Vol(5)4.43M
Vol(50)5.03M