RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GLNG
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On Tuesday, Golar LNG stock price gained an impressive 6.12%
(Updated on Jul 23, 2024)

Buy or Hold candidate since Jun 05, 2024 Gain 38.07% PDF

The Golar LNG stock price gained 6.12% on the last trading day (Tuesday, 23rd Jul 2024), rising from $34.26 to $36.36. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 6.89% from a day low at $34.11 to a day high of $36.46. The price has risen in 5 of the last 10 days and is up by 7.46% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $91.73 million.

The stock has broken the strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $34.85, a level that may pose a second chance to hit a runner. According to fan-theory $37.70 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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GLNG Signals & Forecast

The Golar LNG stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $34.65 and $30.89. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 43.19%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Golar LNG stock

On the downside, the stock finds support just below today's level from accumulated volume at $33.59 and $30.47. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Golar LNG finds support just below today's level at $33.59. If this is broken, then the next support from accumulated volume will be at $30.47 and $28.64.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.35 between high and low, or 6.89%. For the last week, the stock has had daily average volatility of 2.86%.

The Golar LNG stock is extremely overbought on RSI14 (88). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $35.18 (-3.24%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 88 and this increases the risk substantially. There is a buy signal from a pivot bottom found 43 days ago.)

Trading Expectations (GLNG) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Golar LNG Limited to open at $35.64, and during the day (based on 14 day Average True Range), to move between $35.43 and $37.28, which gives a possible trading interval of +/-$0.93 (+/-2.55%) up or down from last closing price. If Golar LNG Limited takes out the full calculated possible swing range there will be an estimated 5.10% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $33.59, some $2.76 (7.61%) from the current price of $36.36, our system finds the risk reward attractive.

Is Golar LNG Limited stock A Buy?

Golar LNG holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Golar LNG Limited of Wednesday, July 24, 2024

Fair opening price July 24, 2024 Current price
$35.64 ( 1.96%) $36.36

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for GLNG

Fibonacci Support & Resistance Levels

Level Price
R3 37.99 4.50%
R2 37.09 2.03%
R1 36.54 0.507%
Price 36.36
S1 34.74 -4.43%
S2 34.19 -5.96%
S3 33.29 -8.43%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 0 -
Price 36.36
S1 33.59 -7.61%
S2 30.47 -16.19%
S3 28.64 -21.22%

GLNG Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 28, 2024 Jun 10, 2024 Jun 17, 2024 $0.250 0.87%
2 Feb 29, 2024 Mar 11, 2024 Mar 20, 2024 $0.250 1.02%
3 Nov 30, 2023 Nov 30, 2023 Dec 11, 2023 $0.250 1.20%
4 Aug 10, 2023 Aug 18, 2023 Aug 29, 2023 $0.250 1.14%
5 May 30, 2023 Jun 09, 2023 Jun 16, 2023 $0.250 1.16%

FAQ

What is the symbol for Golar LNG Stock and on which exchange is it traded?
The symbol for Golar LNG is GLNG and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Golar LNG Stock?
Golar LNG holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Golar LNG Stock?
Golar LNG Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Golar LNG Stock.

What's the current price of Golar LNG Stock?
As of the end of day on the Jul 23, 2024, the price of an Golar LNG (GLNG) share was $36.36.

What is the 52-week high and low for Golar LNG Stock?
The 52-week high for Golar LNG Stock is $36.46 and the 52-week low is $19.94.

What is the market capitalization of Golar LNG Stock?
As of the Jul 23, 2024, the market capitalization of Golar LNG is 3.582B.

When is the next earnings date for Golar LNG?
The upcoming earnings date for Golar LNG is Aug 09, 2024.
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About Golar LNG Limited

Golar LNG Golar LNG Limited designs, builds, owns, and operates marine infrastructure for the liquefaction and regasification of LNG. It operates through Shipping and FLNG segments. The company engages in the operation and chartering of LNG carriers, Floating Liquefaction Natural Gas Vessel (FLNG), and floating storage regasification units (FSRUs), as well as operates external vessels. As of December 31, 2021, it operated nine LNG carriers, one FSRU, and t... GLNG Profile

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