Overseas Shipholding Group Forecast and Stock Analysis
Technical OSG stock analysis for February 15, 2019.
| Shorts | 2.37% ( 2019-01-31 ) |
| Cash | n/a |
| Loans | n/a |
| Beta | 0.42 |
| ROA | 7.92 |
Overseas Shipholding Group gained 0.50% in the last trading day, rising from $1.99 to $2.00 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 8 of the last 10 days and is up by 15.61% 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, 25 624 more shares were traded than the day before. In total, 286 172 shares bought and sold for approximately $572 344.00.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the OSG stock was $2.00. This is 0.5% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 3.54% from a day low at $1.98 to a day high of $2.05.
30 day high of the OSG stock price was $2.11 and low was $1.73.
90 day high was $2.39 and low was $1.53.
52 week high for the Overseas Shipholding Group - $4.16 and low - $1.53.
Trend
Overseas Shipholding Group lies the upper part of a very wide and falling trend in the short term, and this will 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 $2.05 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 -11.78% during the next 3 months and, with 90% probability hold a price between $1.26 and $1.81 at the end of this period.
Signals
Only positive signals in the chart today. Overseas Shipholding Group holds buy signals from both short- and long-term moving averages. In addition, 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 $1.91 and $1.87. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday February 07, 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)
RSI14 is 66 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $1.63 and $1.61.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Overseas Shipholding Group finds support just below today's level at $1.63. If this is broken, then the next support from accumulated volume will be at $1.61 and $1.59.
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 $0.07 between high and low, or 3.54%. For the last week, the stock has had a daily average volatility of 4.37%.
Our recommended stoploss: $1.92 (-4.19%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 6 days ago.)
Overall risk:
Very Low Low Medium High Very High
Evaluation: Buy Candidate
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.
