GOLDEN OCEAN GROUP LTD (GOGL) Technical Analysis
NASDAQ:GOGL • BMG396372051
Current stock price
GOGL Technical Rating and Analysis
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.
- 86% of all other stocks performed better in the past year than GOGL.
- GOGL is part of the Marine Transportation industry. There are 35 other stocks in this industry, of which 76% are performing better than GOGL.
- 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 7.74 - 9.05 range, which is quite wide. It is currently trading near the lows of this range.
- GOGL has an average volume of 2738600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
GOGL Weekly and Daily overview Charts
GOGL Setup Rating and Analysis
The technical rating of GOGL is bad and it also does not present a quality setup 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
GOGL Support and Resistance Analysis
7.10
4 important support areas can be observed.
- Support @7.97 from a horizontal line in the weekly time frame.
- A support zone ranging from 7.76 to 7.83. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @7.53 from a trend line in the daily time frame.
- Support @7.17 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 8.24 to 8.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.68 from a horizontal line in the weekly time frame.
- Resistance @8.82 from a trend line in the daily time frame.
GOGL 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 | NEUTRAL | NEUTRAL | The long term trend for GOGL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GOGL is neutral. |
| ChartMill Relative Strength | 14.55 | NEGATIVE | GOGL has a low relative strength, it was outperformed by 85.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GOGL is below a declining 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) | 44.49 | NEUTRAL | The RSI value for GOGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests GOGL has a negative trend. |
| Stochastics (14,3) | 24.43 | NEUTRAL | The Stochastics value for GOGL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for GOGL suggests some volalility. |
| Average Directional Index/ADX (14) | 19.59 | NEGATIVE | The low ADX value for GOGL suggests a weak or negative trend. |
GOGL Chart- and CandleStick Pattern Analysis
GOGL Technicals: Chart, Performance Metrics, Trend & Indicators
7.98
-0.22 (-2.68%)
GOLDEN OCEAN GROUP LTD / GOGL TA FAQ
What is the technical rating for GOGL stock?
ChartMill assigns a technical rating of 2 / 10 to GOGL.
Can you provide the trend direction for GOLDEN OCEAN GROUP LTD?
The current trend direction for GOLDEN OCEAN GROUP LTD (GOGL) is Bearish.
What is the RSI signal for GOLDEN OCEAN GROUP LTD (GOGL) stock?
GOLDEN OCEAN GROUP LTD (GOGL) has an RSI value of 44.4873. This indicates that the stock is currently neutral.
What is the MACD signal for GOLDEN OCEAN GROUP LTD (GOGL) stock?
The MACD indicator for GOLDEN OCEAN GROUP LTD (GOGL) has a value of -0.0911074, indicating a bearish trend.
Can you provide the support and resistance levels for GOLDEN OCEAN GROUP LTD?
GOLDEN OCEAN GROUP LTD (GOGL) has a support level at 7.97 and a resistance level at 8.24. Check the full technical report for our detailed analysis of GOGL support and resistance levels.