Golden Ocean Group Ltd (GOGL): Price Up $0.21 (2.15)% Over Past Day, Down $-0.06 (-0.58)% Over Past Hour

The Hourly View for GOGL

Currently, GOGL (Get Ratings)’s price is down $-0.06 (-0.58%) from the hour prior. GOGL has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

GOGL ranks 32nd in terms of today’s price percentage change out of Transportation stocks.

GOGL’s Technical Outlook on the Daily Chart

Currently, GOGL’s price is up $0.21 (2.15%) from the day prior. The daily chart shows that GOGL has seen 3 straight up days. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Golden Ocean Group Ltd’s price action over the past 90 days can be seen via the chart below.

GOGL

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GOGL: Daily RSI Analysis

  • GOGL’s RSI now stands at 100.
  • GOGL and RSI may be exhibiting divergent trends. This may be something to monitor.

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