GOLAR LNG LTD (GLNG) Stock Technical Analysis
NASDAQ:GLNG - Nasdaq - BMG9456A1009 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to GLNG. In the last year, GLNG was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month GLNG has a been trading in the 40.46 - 44.36 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that GLNG is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, GLNG also shows a nice and consistent pattern of rising prices.
GLNG is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 89% of 210 stocks in the same industry.
GLNG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GLNG is lagging the market slightly.
GLNG has an average volume of 1371590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GLNG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 41.19, a Stop Loss order could be placed below this zone.
More info and screens
20.07
44.29
When analyzing the support we can see 4 important areas.
- A support zone ranging from 41.19 to 41.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 37.11 to 37.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.60 from a trend line in the weekly time frame.
- Support @20.27 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 41.34 to 42.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 43.51 to 43.85. 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
CRS91
Mansfield1.86
10 Day High43.46
10 Day Low40.46
20 Day High44.36
20 Day Low40.46
52 Week High44.36
52 Week Low19.94
Performance
1 Week-2.28%
2 Weeks-4.07%
1 Month-0.72%
3 Month9.72%
6 Month16.91%
12 Month80.31%
2 Year75.77%
3 Year187.11%
5 Year328.27%
10 Year45.28%
15 Year251.54%
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)-0.24
RSI(14)47.17
LBB40.52
UBB43.68
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 42.09 | 41.18 | 0.91 (2.16%) | 25.00% |
| An entry @42.09. This is a Buy Stop order right above the resistance zone. | An exit @41.18. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.91 points, which is 2.16%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.54%. |
- The distance between exit and entry is rather small compared to the average daily movement of GLNG. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
GOLAR LNG LTD
NASDAQ:GLNG (1/23/2025, 9:46:42 AM)
41.25
+0.05 (+0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.12%
1 Week-2.28%
2 Weeks-4.07%
1 Month-0.72%
3 Month9.72%
6 Month16.91%
12 Month80.31%
2 Year75.77%
3 Year187.11%
5 Year328.27%
10 Year45.28%
15 Year251.54%
Volatility
ATR(14)1.31
ATR(20)%2.99%
ATR Inc27.04%
Range Today0.02
ADR(20)1.21
ADR(20)%2.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91
Mansfield1.86
10 Day High43.46
10 Day Low40.46
20 Day High44.36
20 Day Low40.46
52 Week High44.36
52 Week Low19.94
CS1 End41.19
CR1 Start41.34
Volume & EV
DER(3)-3.84%
DER(5)-2.79%
Volume123
Volume Incr-8.49%
Vol(5)1.13M
Vol(50)1.37M