GOLDEN OCEAN GROUP LTD (GOGL) Stock Technical Analysis
NASDAQ:GOGL - Nasdaq - BMG396372051 - Common Stock - Currency: USD
Taking everything into account, GOGL scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. GOGL was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, GOGL is a bad performer in the overall market: 84% of all stocks are doing better.
GOGL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month GOGL has a been trading in the 8.75 - 9.77 range, which is quite wide. It is currently trading near the high of this range.
GOGL has an average volume of 1667630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
GOGL is an average performer in the Marine Transportation industry, it outperforms 57% of 29 stocks in the same industry.
Although the technical rating is bad, GOGL does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 9.38, a Stop Loss order could be placed below this zone.
More info and screens
8.52
10.96
We found 3 important support areas.
- A support zone ranging from 9.13 to 9.38. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @8.94 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.
We can see 3 important resistance areas.
- A resistance zone ranging from 9.44 to 9.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.22 from a trend line in the daily time frame.
- A resistance zone ranging from 10.78 to 10.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.07
Mansfield-2.71
10 Day High9.77
10 Day Low9.05
20 Day High9.77
20 Day Low8.75
52 Week High15.77
52 Week Low8.52
Performance
1 Week0.86%
2 Weeks1.95%
1 Month4.55%
3 Month-15.35%
6 Month-22.96%
12 Month-20.76%
2 Year-9.15%
3 Year-23.83%
5 Year131.7%
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)0.04
RSI(14)53.15
LBB9.03
UBB9.68
9.43
-0.27 (-2.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg-2.78%
1 Week0.86%
2 Weeks1.95%
1 Month4.55%
3 Month-15.35%
6 Month-22.96%
12 Month-20.76%
2 Year-9.15%
3 Year-23.83%
5 Year131.7%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%2.66%
ATR Inc42.51%
Range Today0.34
ADR(20)0.22
ADR(20)%2.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.07
Mansfield-2.71
10 Day High9.77
10 Day Low9.05
20 Day High9.77
20 Day Low8.75
52 Week High15.77
52 Week Low8.52
CS1 End9.38
CR1 Start9.44
Volume & EV
DER(3)-3.65%
DER(5)-3.26%
Volume1.48M
Volume Incr15.68%
Vol(5)2.02M
Vol(50)1.67M