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Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

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 AI Analysis of GOGL
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Evaluation of Golden Ocean stock downgraded after the last trading session
(Updated on Oct 03, 2024)

Sell candidate since Oct 03, 2024

The Golden Ocean stock price fell by -0.537% on the last day (Thursday, 3rd Oct 2024) from $13.04 to $12.97. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.51% from a day low at $12.89 to a day high of $13.08. The price has fallen in 6 of the last 10 days but is still up by 4.34% over the past 2 weeks. Volume has increased on the last day by 206 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $16.27 million.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $13.35 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.92% during the next 3 months and, with a 90% probability hold a price between $10.16 and $12.69 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

GOGL Signals & Forecast

The Golden Ocean stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $13.13. On a fall, the stock will find some support from the long-term average at approximately $12.22. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, September 30, 2024, and so far it has fallen -3.06%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Golden Ocean stock

Golden Ocean finds support from accumulated volume at $12.54 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.195 between high and low, or 1.51%. For the last week, the stock has had daily average volatility of 1.57%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (GOGL) For The Upcoming Trading Day Of Friday 4th

For the upcoming trading day on Friday, 4th we expect Golden Ocean Group Limited to open at $12.98, and during the day (based on 14 day Average True Range), to move between $12.66 and $13.28, which gives a possible trading interval of +/-$0.314 (+/-2.42%) up or down from last closing price. If Golden Ocean Group Limited takes out the full calculated possible swing range there will be an estimated 4.84% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $13.08 (0.85%) than the support at $12.54 (3.32%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Golden Ocean Group Limited stock A Buy?

Golden Ocean holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.093 Sell Candidate Downgraded

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Predicted Fair Opening Price

Predicted fair opening price on October 4, 2024 - $12.98 ( 0.0643%). The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for GOGL

Fibonacci Support & Resistance Levels

Level Price
R3 13.17 1.57%
R2 13.10 0.99%
R1 13.05 0.639%
Price 12.97
S1 12.90 -0.510%
S2 12.86 -0.86%
S3 12.78 -1.44%

Accumulated Volume Support & Resistance Levels

Level Price
R3 13.24 2.08%
R2 13.16 1.46%
R1 13.08 0.85%
Price 12.97
S1 12.54 -3.32%
S2 12.36 -4.70%
S3 11.68 -9.95%

GOGL Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Aug 28, 2024 Sep 11, 2024 Sep 20, 2024 $0.300 2.46%
2 May 22, 2024 Jun 07, 2024 Jun 17, 2024 $0.300 2.33%
3 Mar 12, 2024 Mar 12, 2024 Mar 25, 2024 $0.300 2.37%
4 Dec 05, 2023 Dec 05, 2023 Dec 13, 2023 $0.100 1.15%
5 Aug 29, 2023 Sep 08, 2023 Sep 19, 2023 $0.100 1.31%

FAQ

What is the symbol for Golden Ocean Stock and on which exchange is it traded?
The symbol for Golden Ocean is GOGL and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Golden Ocean Stock?
Golden Ocean holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

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

What's the current price of Golden Ocean Stock?
As of the end of day on the Oct 03, 2024, the price of an Golden Ocean (GOGL) share was $12.97.

What is the 52-week high and low for Golden Ocean Stock?
The 52-week high for Golden Ocean Stock is $15.77 and the 52-week low is $7.09.

What is the market capitalization of Golden Ocean Stock?
As of the Oct 03, 2024, the market capitalization of Golden Ocean is 2.608B.

When is the next earnings date for Golden Ocean?
The upcoming earnings date for Golden Ocean is Nov 19, 2024.
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ABOUT GOLDEN OCEAN GROUP LIMITED
Golden Ocean
Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels comprising Newcastlemax, Capesize, Panamax, and Ultramax vessels worldwide. It owns and operates dry bulk vessels in the spot and time charter markets. The company transports bulk commodities, such as ores, coal, grains, and fertilizers. As of March 23, 2022, it owned a fleet of 81 dry bulk vessels. Golden Ocean Group Limited is based in Hamilton, Bermud...
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