Today OSG ranks # as BUY CANDIDATE.
Today OSG ranks # as BUY CANDIDATE.

OSG stock Overseas Shipholding Group

OSG stock
Overseas Shipholding Group

February 15, 2019
Change 0.50%
Chart period: 2018-11-16 - 2019-02-15
VOLUME
Buy
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will OSG stock price go up or down on Tue, 19 Feb 2019?

Overseas Shipholding Group Forecast and Stock Analysis

Technical OSG stock analysis for February 15, 2019.

Buy candidate since 2019-02-11 Gain 8.11%
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.

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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.

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Relative Strength Index (RSI)

RSI14 is 66 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

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.

Support: $1.63 Price: $2.00 Resistance: $2.06

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.

Today OSG ranks # as BUY CANDIDATE.
Today OSG ranks # as BUY CANDIDATE.