Stronger Sell Today OSG ranks #3356 as SELL CANDIDATE. Weaker Sell
Today OSG ranks #3356 as SELL CANDIDATE.

OSG stock Overseas Shipholding Group

OSG stock
Overseas Shipholding Group

April 24, 2019
Change 0.49%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Buy
TREND
Buy

MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

Will OSG stock price go up or down on Fri, 26 Apr 2019?

Overseas Shipholding Group Forecast and Stock Analysis

Technical OSG stock analysis for April 24, 2019.

Sell candidate since 2019-04-24
Shorts 0.87% ( 2019-03-29 )
Cash n/a
Loans n/a
Beta 0.45
ROA 1.57

Overseas Shipholding Group gained 0.49% in the last trading day, rising from $2.03 to $2.04 The price has fallen in 5 of the last 10 days and is down by -0.97% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.51 million more shares were traded than the day before. In total, 1.25 million shares bought and sold for approximately $2.54 million.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the OSG stock was $2.04. This is 0.49% more than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 8.85% from a day low at $1.92 to a day high of $2.09.

30 day high of the OSG stock price was $2.47 and low was $1.92.
90 day high was $2.68 and low was $1.71.
52 week high for the Overseas Shipholding Group - $4.16 and low - $1.53.

Trend

Overseas Shipholding Group lies in the lower part of a very wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $1.98 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 18.36% during the next 3 months and, with 90% probability hold a price between $2.34 and $3.27 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

A buy signal was issued from a pivot bottom point on Monday April 22, 2019, which indicates further gains 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. Overseas Shipholding Group holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $2.07 and $2.16. A break-up above any of these levels will issue buy signals.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 36 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Overseas Shipholding Group finds support from accumulated volume at $2.03.

Support: $2.03 Price: $2.04 Resistance: $2.10

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.17 between high and low, or 8.85%. For the last week, the stock has had a daily average volatility of 5.24%.

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

Overall risk:

Very Low Low Medium High Very High

Evaluation: Sell Candidate

The Overseas Shipholding Group stock holds several negative signals and despite the positive trend we believe Overseas Shipholding Group will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.

Stronger Sell Today OSG ranks #3356 as SELL CANDIDATE. Weaker Sell
Today OSG ranks #3356 as SELL CANDIDATE.