VOLUME
Buy
TREND
Sell
MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Buy

OSG Forecast and Technical Stock Analysis

Buy candidate since 2019-07-12

Overseas Shipholding Group gained 0.53% in the last trading day ( Friday, 12th Jul 2019 ), rising from $1.87 to $1.88 During day the stock fluctuated 5.32% from a day low at $1.88 to a day high of $1.98. The price has risen in 6 of the last 10 days and is up by 1.08% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 143 962 more shares were traded than the day before. In total, 371 130 shares bought and sold for approximately $697 724.00.

Quick summary:

  • 30 day high of the OSG stock price was $2.12 and low was $1.62.
  • 90 day high was $2.22 and low was $1.46.
  • 52 week high for the Overseas Shipholding Group - $3.88 and low - $1.46.
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Trend

Overseas Shipholding Group lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.63% during the next 3 months and, with 90% probability hold a price between $1.29 and $1.86 at the end of this period.

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Signals

Only positive signals in the chart today. Overseas Shipholding Group holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately $1.93. On a fall, the stock will find some support from the long-term average at approximately $1.73. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Thursday July 11, 2019, which indicates further gains until a new top pivot has been found. Overseas Shipholding Group has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 68 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

Overseas Shipholding Group finds support from accumulated volume at $1.82.

Support: $1.82 Price: $1.88 Resistance: $1.89

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 $0.10 between high and low, or 5.32%. For the last week, the stock has had a daily average volatility of 5.75%.

Our recommended stoploss: $1.76 (-6.28%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)

5.75 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Upgraded

Evaluation

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.

Will OSG stock price go up or down on Tue, 16 Jul 2019?

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