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OVERSEAS SHIPHOLDING GROUP-A (OSG) Stock Technical Analysis

NYSE:OSG - New York Stock Exchange, Inc. - US69036R8631 - Common Stock - Currency: USD

8.49  0 (0%)

After market: 8.48 -0.01 (-0.12%)

Technical Rating and Analysis

10

Taking everything into account, OSG scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, OSG 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 OSG is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, OSG also shows a nice and consistent pattern of rising prices.
OSG is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 98% of 212 stocks in the same industry.
A new 52 week high is currently being made by OSG, which is a very good signal! Especially since the S&P500 is only trading in the middle part of its 52 week range, so OSG is leading the market.
OSG has an average volume of 1438700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month OSG has a been trading in a tight range between 8.43 and 8.50.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
OVERSEAS SHIPHOLDING GROUP-A / OSG Weekly stock chart
OVERSEAS SHIPHOLDING GROUP-A / OSG Daily stock chart
Setup Rating and Analysis

9

Besides having an excellent technical rating, OSG also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 8.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.48, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • 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.
Support and Resistance Analysis

5.93

8.59

When analyzing the support we can see 4 important areas.

  • A support zone ranging from 8.41 to 8.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @6.69 from a trend line in the daily time frame.
  • Support @6.26 from a trend line in the daily time frame.
  • A support zone ranging from 5.99 to 6.02. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

  • A resistance zone ranging from 8.50 to 8.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.43
Mansfield2.92
10 Day High8.5
10 Day Low8.45
20 Day High8.5
20 Day Low8.43
52 Week High8.5
52 Week Low3.95
Performance
1 Week0.12%
2 Weeks0.24%
1 Month0.71%
3 Month42.21%
6 Month59.89%
12 Month109.11%
2 Year262.82%
3 Year219.17%
5 Year335.39%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.05
RSI(14)79.32
LBB8.46
UBB8.5
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.

ENTRYEXITDISTANCECAPITAL
8.518.440.07 (0.82%)25.00%
An entry @8.51. This is a Buy Stop order right above the resistance zone.An exit @8.44. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.07 points, which is 0.82%.For a 0.21% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • 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.
OVERSEAS SHIPHOLDING GROUP-A / OSG Daily stock chart

OVERSEAS SHIPHOLDING GROUP-A

NYSE:OSG (7/9/2024, 9:31:18 PM)

After market: 8.48 -0.01 (-0.12%)

8.49

0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0%
1 Week0.12%
2 Weeks0.24%
1 Month0.71%
3 Month42.21%
6 Month59.89%
12 Month109.11%
2 Year262.82%
3 Year219.17%
5 Year335.39%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%0.24%
ATR Inc1.82%
Range Today0.02
ADR(20)0.02
ADR(20)%0.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.43
Mansfield2.92
10 Day High8.5
10 Day Low8.45
20 Day High8.5
20 Day Low8.43
52 Week High8.5
52 Week Low3.95
CS1 End8.48
CR1 Start8.5
Volume & EV
DER(3)0.89%
DER(5)2.15%
Volume676.20K
Volume Incr-15.16%
Vol(5)825.84K
Vol(50)1.44M