GOLAR LNG LTD (GLNG) Stock Technical Analysis
USA - NASDAQ:GLNG - BMG9456A1009 - Common Stock
38.12 USD
-0.27 (-0.7%)
38.12 USD
0 (0%)
We assign a technical rating of 0 out of 10 to GLNG. GLNG 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.
71% of all other stocks performed better in the past year than GLNG.
In the last month GLNG has a been trading in the 37.54 - 41.65 range, which is quite wide. It is currently trading near the lows of this range.
GLNG has an average volume of 1317840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GLNG is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry, GLNG did better than 56% of them.
GLNG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GLNG is lagging the market.
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.
More info and screens
30.84
42.59
When analyzing the support we can see 3 important areas.
- A support zone ranging from 38.06 to 38.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.75 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 3 important areas.
- A resistance zone ranging from 38.13 to 38.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 39.98 to 41.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @42.17 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for GLNG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GLNG is down. |
| ChartMill Relative Strength | 29.42 | NEGATIVE | GLNG has a low relative strength, it was outperformed by 70.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GLNG is below a declining 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) | 39.87 | NEUTRAL | The RSI value for GLNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests GLNG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.46 | NEUTRAL | The Stochastics value for GLNG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for GLNG suggests some volalility. |
| Average Directional Index/ADX (14) | 11.7 | NEGATIVE | The low ADX value for GLNG suggests a weak or negative trend. |
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)
38.12
-0.27 (-0.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.7%
1 Week0%
2 Weeks-1.27%
1 Month-5.5%
3 Month-5.97%
6 Month-5.43%
12 Month1.52%
2 Year69.95%
3 Year37.02%
5 Year404.9%
10 Year31.4%
15 Year187.48%
Volatility
ATR(14)1.02
ATR(20)%2.67%
ATR Inc-43.76%
Range Today0.6
ADR(20)0.98
ADR(20)%2.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.42
Mansfield-1.38
10 Day High40.39
10 Day Low37.54
20 Day High41.65
20 Day Low37.54
52 Week High45.98
52 Week Low29.56
CS1 End38.06
CR1 Start38.13
Volume & EV
DER(3)1.42%
DER(5)1.66%
Volume828.90K
Volume Incr-10.5%
Vol(5)1.12M
Vol(50)1.32M