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.

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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.

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Relative Strength Index (RSI)

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

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Support & Resistance

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

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:

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