Golden Ocean Group Limited Technical Analysis (NASDAQ:GOGL)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Golden Ocean Group Limited stock price data and volume are plotted in GOGL stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Golden Ocean Group Limited. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Golden Ocean Group Limited stock analysis.
Golden Ocean Group Limited Moving Average
Moving averages show the GOGL stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $8.39 is above the last closing price of $8.23 and the 50 day moving average of $8.23 is below the last closing price of $8.23. The 10 and 20 day periods can predict short term moving average trends.
Golden Ocean Group Limited Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Golden Ocean Group Limited. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Golden Ocean Group Limited bollinger bands show that the stock price is $8.23, upper band is 8.87, lower band is 7.91, and the average is 8.39.
Golden Ocean Group Limited Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Golden Ocean Group Limited MACD indicator can be used to identify bullish and bearish trends for the stock.
Golden Ocean Group Limited Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 54.9 is the RSI value of GOGL stock.