GOLDEN OCEAN GROUP LTD (GOGL.OL) Stock Technical Analysis
OSL:GOGL - Euronext Oslo - BMG396372051 - Common Stock - Currency: NOK
Taking everything into account, GOGL scores 0 out of 10 in our technical rating. GOGL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, GOGL is a bad performer in the overall market: 92% of all stocks are doing better.
GOGL is part of the Marine Transportation industry. There are 19 other stocks in this industry, of which 77% are performing better than GOGL.
GOGL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GOGL is lagging the market.
In the last month GOGL has a been trading in the 71.20 - 80.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, GOGL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 74.46, a Stop Loss order could be placed below this zone.
More info and screens
70.23
103.04
2 important support areas can be observed.
- A support zone ranging from 73.55 to 74.46. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @70.94 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 77.75 to 78.35. 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 80.66 to 80.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 83.50 to 84.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @102.02 from a trend line in the weekly 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 GOGL.OL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GOGL.OL is down. |
| ChartMill Relative Strength | 8.32 | NEGATIVE | GOGL.OL has a low relative strength, it was outperformed by 91.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GOGL.OL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GOGL.OL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GOGL.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.24 | NEUTRAL | The RSI value for GOGL.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests GOGL.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.49 | NEUTRAL | The Stochastics value for GOGL.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.42 | MEDIUM VOLATILITY | The ATR as a percentage value for GOGL.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 12.78 | NEGATIVE | The low ADX value for GOGL.OL 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)
OSL:GOGL (6/19/2025, 7:00:00 PM)
76.8
-1.3 (-1.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg-1.66%
1 Week-2.47%
2 Weeks-0.84%
1 Month-4.94%
3 Month-4.38%
6 Month-22.2%
12 Month-46.12%
2 Year-4.64%
3 Year-32.71%
5 Year107.12%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.54
ATR(20)%3.42%
ATR Inc-29.41%
Range Today1.3
ADR(20)2.33
ADR(20)%3.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.32
Mansfield-3.17
10 Day High80.4
10 Day Low75
20 Day High80.4
20 Day Low71.2
52 Week High151.15
52 Week Low65
CS1 End74.46
CR1 Start77.75
Volume & EV
DER(3)2.32%
DER(5)1.6%
Volume114.02K
Volume Incr-15.03%
Vol(5)198.58K
Vol(50)342.89K