Londinia Opportunities Analyses - 12/19/2024 (GMT) GOLDEN OCEAN GROUP - 1H
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USD
(-)
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15 min delayed data - NASDAQ Stocks
| Type: | Stocks |
| Ticker: | GOGL |
| ISIN: | BMG4032A1045 |
- U.S. Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
83%
11%
My opinion
Bearish under 8.73 USD
My targets
8.35 USD (-3.02%)
8.33 USD (-3.22%)
My analysis
The bearish trend is currently very strong for GOLDEN OCEAN GROUP. As long as the price remains below the resistance at 8.73 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 8.35 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 8.33 USD as an objective. Crossing it would then enable sellers to target 6.06 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8.6
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Additional analysis
Quotes
The GOLDEN OCEAN GROUP price is 8.61 USD. The price is lower by -1.82% since the last closing and was traded between 8.59 USD and 8.84 USD over the period. The price is currently at +0.23% from its lowest and -2.60% from its highest.8.59
8.84
8.61
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GOLDEN OCEAN GROUP in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bearish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.91 | 6.06 | 8.35 | 8.61 | 8.73 | 9.09 | 10.34 |
| Change (%) | -42.97% | -29.62% | -3.02% | - | +1.39% | +5.57% | +20.09% |
| Change | -3.70 | -2.55 | -0.26 | - | +0.12 | +0.48 | +1.73 |
| Level | Minor | Major | Minor | - | Intermediate | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.42 | 8.60 | 8.68 | 8.86 | 8.94 | 9.12 | 9.20 |
| Camarilla | 8.70 | 8.72 | 8.75 | 8.77 | 8.79 | 8.82 | 8.84 |
| Woodie | 8.38 | 8.58 | 8.64 | 8.84 | 8.90 | 9.10 | 9.16 |
| Fibonacci | 8.60 | 8.70 | 8.76 | 8.86 | 8.96 | 9.02 | 9.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.33 | 8.68 | 8.89 | 9.24 | 9.45 | 9.80 | 10.01 |
| Camarilla | 8.96 | 9.01 | 9.06 | 9.11 | 9.16 | 9.21 | 9.26 |
| Woodie | 8.27 | 8.65 | 8.83 | 9.21 | 9.39 | 9.77 | 9.95 |
| Fibonacci | 8.68 | 8.89 | 9.02 | 9.24 | 9.45 | 9.58 | 9.80 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.34 | 7.89 | 8.79 | 10.34 | 11.24 | 12.79 | 13.69 |
| Camarilla | 9.02 | 9.24 | 9.47 | 9.69 | 9.92 | 10.14 | 10.36 |
| Woodie | 6.02 | 7.73 | 8.47 | 10.18 | 10.92 | 12.63 | 13.37 |
| Fibonacci | 7.89 | 8.83 | 9.40 | 10.34 | 11.28 | 11.85 | 12.79 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 27.86 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -25.75 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 8.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.87 | |
| Elder Ray (13): | -0.14 | |
| Super Trend (3,10): | 8.80 | |
| Zig ZAG (10): | 8.59 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 2.25 | |
| TEMA (21): | 8.64 | |
| Williams %R (14): | -95.45 | |
| Chande Momentum Oscillator (20): | -0.37 | |
| Repulse (5,40,3): | -0.8500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1400 | |
| Courbe Coppock: | 4.59 |
| MA7: | 8.96 | |
| MA20: | 9.58 | |
| MA50: | 10.46 | |
| MA100: | 11.03 | |
| MAexp7: | 8.68 | |
| MAexp20: | 8.80 | |
| MAexp50: | 9.00 | |
| MAexp100: | 9.32 | |
| Price / MA7: | -3.91% | |
| Price / MA20: | -10.13% | |
| Price / MA50: | -17.69% | |
| Price / MA100: | -21.94% | |
| Price / MAexp7: | -0.81% | |
| Price / MAexp20: | -2.16% | |
| Price / MAexp50: | -4.33% | |
| Price / MAexp100: | -7.62% |
Quotes :
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15 min delayed data
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Actions NASDAQ
News
The last news published on GOLDEN OCEAN GROUP at the time of the generation of this analysis was as follows:
- Thinking about buying stock in Quoin Pharmaceuticals, Planet Labs, Absci Corp, Signify Health, or Golden Ocean Group?
- Thinking about buying stock in Rewalk Robotics, Viridian Therapeutics, CohBar, Golden Ocean Group, or Indie Semiconductor?
- Thinking about buying stock in Dolphin Entertainment, Golden Ocean Group, Energous Corp, Oncolytics Biotech, or Oncternal Therapeutics?
- Golden Ocean Group Ltd to Host Earnings Call
- Golden Ocean Group Ltd to Host Earnings Call