Technical Analysis for 0RII - Golden Ocean Group Ltd.
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| F | 73.45 | 0.00% | 0.00 |
0RII closed unchanged on Friday, April 26, 2024, on 19 percent of normal volume. It ran into resistance at its 50 day moving average. Its advance stalled at its 200 day moving average, an important long-term support / resistance line. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Down | Down | Flat |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 200 DMA Resistance | Bearish | 0.00% | |
| 50 DMA Resistance | Bearish | 0.00% | |
| Shooting Star Candlestick | Bearish | 0.00% | |
| Lizard Bearish | Bearish Day Trade Setup | 0.00% | |
| Expansion Breakdown | Bearish Swing Setup | 0.00% | |
| Jack-in-the-Box Bearish | Bearish Swing Setup | 0.00% | |
| Stochastic Buy Signal | Bullish | 0.00% | |
| Boomer Buy Setup | Bullish Swing Setup | 0.00% | |
| Doji - Bearish? | Reversal | 0.00% | |
| Doji - Bullish? | Reversal | 0.00% |
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Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels worldwide. It operates dry bulk vessels comprising of Newcastlemax, Capesize, Panamax, and Ultramax vessels in the spot and time charter markets. The company's vessels transport a range of bulk commodities, such as ores, coal, grains, and fertilizers. As of March 16, 2023, it owned a fleet of 74 dry bulk vessels. The company is based in Hamilton, Bermuda.
Classification
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 138.65 |
| 52 Week Low | 71.9 |
| Average Volume | 2,615 |
| 200-Day Moving Average | 80.04 |
| 50-Day Moving Average | 74.68 |
| 20-Day Moving Average | 73.45 |
| 10-Day Moving Average | 73.45 |
| Average True Range | 50.36 |
| RSI (14) | 48.19 |
| ADX | 41.02 |
| +DI | 2.74 |
| -DI | 1.16 |
| Chandelier Exit (Long, 3 ATRs) | -14.38 |
| Chandelier Exit (Short, 3 ATRs) | 224.53 |
| Upper Bollinger Bands | 73.45 |
| Lower Bollinger Band | 73.45 |
| Percent B (%b) | 0.0 |
| BandWidth | 0.00 |
| MACD Line | -0.49 |
| MACD Signal Line | -0.60 |
| MACD Histogram | 0.1091 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 168.33 | ||||
| Resistance 3 (R3) | 178.87 | 157.78 | 152.51 | ||
| Resistance 2 (R2) | 157.78 | 133.62 | 152.51 | 147.24 | |
| Resistance 1 (R1) | 115.62 | 118.69 | 105.08 | 105.08 | 141.97 |
| Pivot Point | 94.53 | 94.53 | 89.26 | 89.26 | 94.53 |
| Support 1 (S1) | 52.37 | 70.37 | 41.83 | 41.83 | 4.93 |
| Support 2 (S2) | 31.28 | 55.44 | 26.01 | -0.34 | |
| Support 3 (S3) | -10.88 | 31.28 | -5.61 | ||
| Support 4 (S4) | -21.43 |
