Technical Analysis for GOGL - Golden Ocean Group Limited

Grade Last Price % Change Price Change
A 14.05 1.66% 0.23
GOGL closed up 1.66 percent on Friday, April 26, 2024, on 67 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
NR7 Range Contraction 0.00%
New 52 Week High Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Above Upper BB Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
Up 5 Days in a Row Strength 0.00%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 17 hours ago
Up 2% about 18 hours ago
60 Minute Opening Range Breakout about 18 hours ago
Gapped Up (Full) about 21 hours ago
Reversal New Highs Entry about 21 hours ago

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Profile

Golden Ocean Group Limited, together with its subsidiaries, operates as a dry bulk shipping company. The company primarily owns and operates ships. It is also involved in the charter, purchase, and sale of vessels. The company operates a fleet of owned and leased Panamax and Capesize drybulk vessels, as well as Supramax vessels under the newbuilding contracts. As of December 31, 2013, it owned or controlled 22 vessels and had 8 vessels under construction. Golden Ocean Group Limited was founded in 2004 and is based in Hamilton, Bermuda. Golden Ocean Group Limited is a subsidiary of Frontline Ltd.
Classification

Sector: Industrials
Industry: Shipping & Ports
Keywords: Maritime Transport Shipping Panamax Shipping Companies Handymax Capesize Dryships Golden Ocean Group

Is GOGL a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 14.13
52 Week Low 6.5756
Average Volume 1,747,553
200-Day Moving Average 9.31
50-Day Moving Average 12.70
20-Day Moving Average 13.11
10-Day Moving Average 13.31
Average True Range 0.33
RSI (14) 71.51
ADX 27.81
+DI 42.10
-DI 15.24
Chandelier Exit (Long, 3 ATRs) 13.14
Chandelier Exit (Short, 3 ATRs) 13.54
Upper Bollinger Bands 13.81
Lower Bollinger Band 12.41
Percent B (%b) 1.17
BandWidth 10.66
MACD Line 0.29
MACD Signal Line 0.22
MACD Histogram 0.0728
Fundamentals Value
Market Cap 2.8 Billion
Num Shares 200 Million
EPS 0.61
Price-to-Earnings (P/E) Ratio 23.03
Price-to-Sales 2.55
Price-to-Book 1.18
PEG Ratio 131.35
Dividend 0.50
Dividend Yield 3.56%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 14.34
Resistance 3 (R3) 14.33 14.23 14.29
Resistance 2 (R2) 14.23 14.16 14.23 14.27
Resistance 1 (R1) 14.14 14.11 14.19 14.15 14.26
Pivot Point 14.04 14.04 14.06 14.04 14.04
Support 1 (S1) 13.95 13.97 14.00 13.96 13.84
Support 2 (S2) 13.85 13.92 13.85 13.83
Support 3 (S3) 13.76 13.85 13.81
Support 4 (S4) 13.77