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 OSG
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Overseas Shipholding Group stock price ended at $6.40 on Thursday, after gaining 1.59%.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 21, 2024 Gain 2.40% PDF

The Overseas Shipholding Group stock price gained 1.59% on the last trading day (Thursday, 28th Mar 2024), rising from $6.30 to $6.40. During the last trading day the stock fluctuated 2.23% from a day low at $6.26 to a day high of $6.40. The price has risen in 8 of the last 10 days and is up by 5.79% 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, 10 thousand more shares were traded than the day before. In total, 262 thousand shares were bought and sold for approximately $1.68 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 15.00% during the next 3 months and, with a 90% probability hold a price between $6.84 and $8.16 at the end of this 3-month period.

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OSG Signals & Forecast

The Overseas Shipholding Group 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 $6.28 and $6.18. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Monday, February 12, 2024, and so far it has fallen -3.18%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Overseas Shipholding Group stock

Overseas Shipholding Group finds support from accumulated volume at $6.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.140 between high and low, or 2.23%. For the last week the stock has had daily average volatility of 2.48%.

Our recommended stop-loss: $6.11 (-4.46%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 32 days ago.)

Trading Expectations (OSG) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Overseas Shipholding Group to open at $6.35, and during the day (based on 14 day Average True Range), to move between $6.23 and $6.57, which gives a possible trading interval of +/-$0.169 (+/-2.64%) up or down from last closing price. If Overseas Shipholding Group takes out the full calculated possible swing range there will be an estimated 5.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $6.43 (0.47%) than the support at $6.10 (4.69%), 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 Overseas Shipholding Group stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Overseas Shipholding Group stock to perform well in the short-term.

Current score: 4.358 Buy Candidate Unchanged

Predicted Opening Price for Overseas Shipholding Group of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$6.35 ( 0.729%) $6.40

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

Trading levels for OSG

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 6.49 1.46 %
R2 6.44 0.622 %
R1 6.41 0.106 %
Current price: 6.40
Support S1 6.30 -1.56 %
S2 6.27 -2.08 %
S3 6.21 -2.91 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 6.61 3.28 %
R2 6.44 0.625 %
R1 6.43 0.469 %
Current price 6.40
Support S1 6.10 -4.69%
S2 6.01 -6.09%
S3 5.65 -11.72%

OSG Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 27, 2024 Mar 27, 2024 Apr 11, 2024 $0.0600 0.94%
2 Dec 06, 2023 Dec 20, 2023 Jan 04, 2024 $0.0600 1.16%
3 Mar 01, 2016 Mar 16, 2016 Mar 25, 2016 $0.480 11.62%

FAQ

What is the symbol for Overseas Shipholding Group Stock and on which exchange is it traded?
The symbol for Overseas Shipholding Group is OSG and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Overseas Shipholding Group Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Overseas Shipholding Group stock to perform well in the short-term.

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

What's the current price of Overseas Shipholding Group Stock?
As of the end of day on the 2024-03-28, the price of an Overseas Shipholding Group (OSG) share was $6.40.

What is the 52-week high and low for Overseas Shipholding Group Stock?
The 52-week high for Overseas Shipholding Group Stock is $6.73 and the 52-week low is $3.40.

What is the market capitalization of Overseas Shipholding Group Stock?
As of the 2024-03-28, the market capitalization of Overseas Shipholding Group is 454.095M.

When is the next earnings date for Overseas Shipholding Group?
The upcoming earnings date for Overseas Shipholding Group is May 06, 2024.
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About Overseas Shipholding Group

Overseas Shipholding Group Overseas Shipholding Group, Inc., together with its subsidiaries, owns and operates a fleet of oceangoing vessels. Its vessels are engaged in the transportation of crude oil and petroleum products in the United States flag trade. As of December 31, 2021, the company owned or operated a fleet of 24 vessels totaling an aggregate of approximately 1.7 million deadweight tons. It serves independent oil traders, refinery operators, and the United State... OSG Profile

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