GOLAR LNG LTD (GLNG) Stock Technical Analysis
USA - NASDAQ:GLNG - BMG9456A1009 - Common Stock
Taking everything into account, GLNG scores 2 out of 10 in our technical rating. GLNG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
GLNG 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 support zone below the current price at 38.06, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GLNG 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.
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30.84
When analyzing the support we can see 3 important areas.
- A support zone ranging from 37.73 to 38.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.27 from a trend line in the weekly time frame.
- Support @31.15 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 39.09 to 40.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 41.06 to 41.54. 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 GLNG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GLNG is down. |
| ChartMill Relative Strength | 57.85 | NEUTRAL | GLNG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GLNG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GLNG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GLNG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.42 | NEUTRAL | The RSI value for GLNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests GLNG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.13 | OVERSOLD | The low Stochastics value suggests GLNG may be oversold. |
| Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for GLNG suggests some volalility. |
| Average Directional Index/ADX (14) | 15.46 | NEGATIVE | The low ADX value for GLNG suggests a weak or negative trend. |
38.37
+0.44 (+1.16%)
GOLAR LNG LTD / GLNG FAQ
What is the ChartMill technical rating of GOLAR LNG LTD (GLNG) stock?
ChartMill assigns a technical rating of 2 / 10 to GLNG.
Can you provide the trend direction for GOLAR LNG LTD?
The current trend direction for GOLAR LNG LTD (GLNG) is Bearish.
What is the RSI signal for GOLAR LNG LTD (GLNG) stock?
GOLAR LNG LTD (GLNG) has an RSI value of 43.4184. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for GOLAR LNG LTD?
GOLAR LNG LTD (GLNG) has a support level at 38.06 and a resistance level at 39.09. Check the full technical report for our detailed analysis of GLNG support and resistance levels.