GOLAR LNG LTD (GLNG) Stock Technical Analysis
NASDAQ:GLNG • BMG9456A1009
Taking everything into account, GLNG scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GLNG is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, GLNG did better than 86% of all other stocks.
- GLNG is currently trading near its 52 week high, which is a good sign. 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 39.70 - 46.98 range, which is quite wide. It is currently trading near the high of this range.
- GLNG has an average volume of 1276650 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 207 other stocks in this industry, GLNG did better than 61% of them.
- Volume is considerably higher in the last couple of days.
Although GLNG has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
30.84
When analyzing the support we can see 4 important areas.
- A support zone ranging from 43.79 to 44.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 42.01 to 43.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @38.54 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 45.80 to 46.15. 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 | 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 | 86.17 | POSITIVE | GLNG has a high relative strength, it outperformed 86.17% 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) | 64.27 | 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) | 74.04 | NEUTRAL | The Stochastics value for GLNG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.02 | MEDIUM VOLATILITY | The ATR as a percentage value for GLNG suggests some volalility. |
| Average Directional Index/ADX (14) | 29.36 | POSITIVE | The high ADX value value for GLNG suggests a strong trend. |
45.75
-0.39 (-0.85%)
GOLAR LNG LTD / GLNG 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 current trend direction of GOLAR LNG LTD (GLNG) stock?
The current trend direction for GOLAR LNG LTD (GLNG) is Bullish.
What is the RSI signal for GOLAR LNG LTD (GLNG) stock?
GOLAR LNG LTD (GLNG) has an RSI value of 64.268. This indicates that the stock is currently neutral.
What is the MACD signal for GLNG stock?
The MACD indicator for GOLAR LNG LTD (GLNG) has a value of -0.0154108, indicating a bearish trend.
What is the buy/sell signal for GLNG stock?
The buy/sell signal for GOLAR LNG LTD (GLNG) is buy as both the short term and long term trends are positive.