Golden Ocean Stock Forecast - Daily Balance Of Power
| GOGL Stock | NOK 110.90 0.05 0.05% |
Golden Stock Forecast is based on your current time horizon.
Golden |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.7557 | 0.3141 |
| Check Golden Ocean Volatility | Backtest Golden Ocean | Trend Details |
Golden Ocean Trading Date Momentum
| On June 11 2024 Golden Ocean Group was traded for 132.86 at the closing time. The highest price during the trading period was 138.07 and the lowest recorded bid was listed for 131.01 . The volume for the day was 898.7 K. This history from June 11, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 4.92% . The overall trading delta to the current price is 4.85% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Other Forecasting Options for Golden Ocean
For every potential investor in Golden, whether a beginner or expert, Golden Ocean's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Golden Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Golden. Basic forecasting techniques help filter out the noise by identifying Golden Ocean's price trends.Golden Ocean Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Golden Ocean stock to make a market-neutral strategy. Peer analysis of Golden Ocean could also be used in its relative valuation, which is a method of valuing Golden Ocean by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Golden Ocean Group Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Golden Ocean's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Golden Ocean's current price.| Cycle Indicators | ||
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| Volume Indicators |
Golden Ocean Market Strength Events
Market strength indicators help investors to evaluate how Golden Ocean stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Golden Ocean shares will generate the highest return on investment. By undertsting and applying Golden Ocean stock market strength indicators, traders can identify Golden Ocean Group entry and exit signals to maximize returns.
Golden Ocean Risk Indicators
The analysis of Golden Ocean's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Golden Ocean's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting golden stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.62 | |||
| Standard Deviation | 2.27 | |||
| Variance | 5.16 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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When determining whether Golden Ocean Group is a strong investment it is important to analyze Golden Ocean's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Golden Ocean's future performance. For an informed investment choice regarding Golden Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Golden Ocean to cross-verify your projections. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.