GOLAR LNG LTD (GLNG) Technical Analysis
NASDAQ:GLNG • BMG9456A1009
Current stock price
55.29 USD
+1.64 (+3.06%)
At close:
55.28 USD
-0.01 (-0.02%)
After Hours:
GLNG Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to GLNG. Both in the recent history as in the last year, GLNG has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- 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 currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so GLNG is leading the market.
- In the last month GLNG has a been trading in the 42.89 - 56.21 range, which is quite wide. It is currently trading near the high of this range.
- GLNG has an average volume of 2244320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- GLNG is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 69% of 209 stocks in the same industry.
GLNG Weekly and Daily overview Charts
GLNG Setup Rating and Analysis
GLNG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
GLNG Support and Resistance Analysis
30.84
55.85
5 important support areas can be observed.
- A support zone ranging from 53.64 to 53.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @44.53 from a trend line in the daily time frame.
- Support @43.10 from a horizontal line in the daily time frame.
- Support @39.19 from a trend line in the weekly time frame.
- Support @31.15 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 55.30 to 55.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
GLNG Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for GLNG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GLNG is up. |
| ChartMill Relative Strength | 91.75 | POSITIVE | GLNG has a high relative strength, it outperformed 91.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GLNG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GLNG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GLNG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.28 | OVERBOUGHT | The high RSI value suggests GLNG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests GLNG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.71 | OVERBOUGHT | The high Stochastics value suggests GLNG may be overbought. |
| Average True Range in percent/ATR (20) | 3.59 | MEDIUM VOLATILITY | The ATR as a percentage value for GLNG suggests some volalility. |
| Average Directional Index/ADX (14) | 33.91 | POSITIVE | The high ADX value value for GLNG suggests a strong trend. |
GLNG Chart- and CandleStick Pattern Analysis
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)
GLNG Example Setup
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 |
|---|---|---|---|
| 55.31 | 53.63 | 1.68 (3.04%) | 25.00% |
| An entry @55.31. This is a Buy Stop order right above the resistance zone. | An exit @53.63. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.68 points, which is 3.04%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.76%. |
- 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.
GLNG Technicals: Chart, Performance Metrics, Trend & Indicators
55.29
+1.64 (+3.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg3.06%
1 Week2.28%
2 Weeks8.5%
1 Month19.55%
3 Month45.69%
6 Month40.69%
12 Month80.1%
2 Year125.49%
3 Year143.57%
5 Year381.62%
10 Year233.47%
15 Year69.81%
Volatility
ATR(14)2.14
ATR(20)%3.59%
ATR Inc-5.58%
Range Today1.83
ADR(20)1.77
ADR(20)%3.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.75
3 months CRS96.58
6 months CRS93.87
Mansfield3.14
10 Day High56.21
10 Day Low50.6
20 Day High56.21
20 Day Low42.89
52 Week High56.21
52 Week Low29.72
CS1 End53.93
CR1 Start55.3
Volume & EV
DER(3)-1.58%
DER(5)-1.91%
Volume1.98M
Volume Incr-31.04%
Vol(5)2.35M
Vol(50)2.24M
GOLAR LNG LTD / GLNG TA FAQ
What is the ChartMill technical rating of GOLAR LNG LTD (GLNG) stock?
ChartMill assigns a technical rating of 10 / 10 to GLNG.
What is the trend direction for GLNG stock?
The current trend direction for GOLAR LNG LTD (GLNG) is Bullish.
Can you provide the RSI signal for GOLAR LNG LTD?
GOLAR LNG LTD (GLNG) has an RSI value of 70.2843. This indicates that the stock is currently overbought.
Can you provide the short term momentum for GOLAR LNG LTD?
The short term momentum for GOLAR LNG LTD (GLNG) is positive.
What is the buy/sell signal for GOLAR LNG LTD (GLNG) stock?
The buy/sell signal for GOLAR LNG LTD (GLNG) is buy as both the short term and long term trends are positive.