Golden Ocean (Norway) Technical Analysis
| GOGL Stock | NOK 122.45 0.05 0.04% |
As of the 27th of November, Golden Ocean retains the Standard Deviation of 2.03, market risk adjusted performance of (0.26), and Risk Adjusted Performance of (0.01). Golden Ocean technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Please check out Golden Ocean Group treynor ratio, value at risk, and the relationship between the information ratio and maximum drawdown to decide if Golden Ocean is priced fairly, providing market reflects its last-minute price of 122.45 per share.
Golden Ocean Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Golden, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to GoldenGolden |
Golden Ocean technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Golden Ocean Group Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Golden Ocean Group volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Golden Ocean Group Trend Analysis
Use this graph to draw trend lines for Golden Ocean Group. You can use it to identify possible trend reversals for Golden Ocean as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Golden Ocean price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Golden Ocean Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Golden Ocean Group applied against its price change over selected period. The best fit line has a slop of 0.01 , which may suggest that Golden Ocean Group market price will keep on failing further. It has 122 observation points and a regression sum of squares at 4.24, which is the sum of squared deviations for the predicted Golden Ocean price change compared to its average price change.About Golden Ocean Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Golden Ocean Group on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Golden Ocean Group based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Golden Ocean Group price pattern first instead of the macroeconomic environment surrounding Golden Ocean Group. By analyzing Golden Ocean's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Golden Ocean's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Golden Ocean specific price patterns or momentum indicators. Please read more on our technical analysis page.
Golden Ocean November 27, 2024 Technical Indicators
Most technical analysis of Golden help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Golden from various momentum indicators to cycle indicators. When you analyze Golden charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | (0.26) | |||
| Mean Deviation | 1.54 | |||
| Coefficient Of Variation | (5,169) | |||
| Standard Deviation | 2.03 | |||
| Variance | 4.11 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.27) | |||
| Maximum Drawdown | 11.02 | |||
| Value At Risk | (3.34) | |||
| Potential Upside | 3.35 | |||
| Skewness | (0.24) | |||
| Kurtosis | 0.7128 |
Golden Ocean November 27, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Golden stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 5,347 | ||
| Daily Balance Of Power | 0.02 | ||
| Rate Of Daily Change | 1.00 | ||
| Day Median Price | 122.83 | ||
| Day Typical Price | 122.70 | ||
| Price Action Indicator | (0.35) |
Additional Information and Resources on Investing in Golden Stock
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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Ocean Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.