GOLDEN OCEAN GROUP LTD (GOGL) Stock Technical Analysis
NASDAQ:GOGL - Nasdaq - BMG396372051 - Common Stock - Currency: USD
Taking everything into account, GOGL scores 2 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, GOGL is a bad performer in the overall market: 91% of all stocks are doing better.
GOGL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month GOGL has a been trading in the 7.43 - 7.98 range, which is quite wide. It is currently trading near the lows of this range.
GOGL has an average volume of 2266950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GOGL is an average performer in the Marine Transportation industry, it outperforms 40% of 33 stocks in the same industry.
GOGL has a poor technical rating and the quality of the setup is also not perfect 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
7.41
8.16
We can see 2 important resistance areas.
- A resistance zone ranging from 7.64 to 7.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 8.07 to 8.08. 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 | DOWN | NEGATIVE | The long term trend for GOGL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GOGL is down. |
| ChartMill Relative Strength | 9.65 | NEGATIVE | GOGL has a low relative strength, it was outperformed by 90.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GOGL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GOGL is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GOGL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.1 | NEUTRAL | The RSI value for GOGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests GOGL has a negative trend. |
| Stochastics (14,3) | 13.23 | OVERSOLD | The low Stochastics value suggests GOGL may be oversold. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for GOGL suggests some volalility. |
| Average Directional Index/ADX (14) | 11.56 | NEGATIVE | The low ADX value for GOGL 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)
7.48
-0.04 (-0.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg-0.53%
1 Week-1.97%
2 Weeks-5.32%
1 Month0.27%
3 Month-10.53%
6 Month-15.67%
12 Month-45.8%
2 Year-0.93%
3 Year-35.74%
5 Year92.78%
10 Year-61.14%
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%2.27%
ATR Inc5.64%
Range Today0.19
ADR(20)0.16
ADR(20)%2.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.65
Mansfield-2.93
10 Day High7.98
10 Day Low7.43
20 Day High7.98
20 Day Low7.43
52 Week High14.29
52 Week Low6.27
CS1 EndN/A
CR1 Start7.64
Volume & EV
DER(3)-3.52%
DER(5)-2.97%
Volume3.85M
Volume Incr-8.6%
Vol(5)1.96M
Vol(50)2.27M