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(GOGL) Golden Ocean complete technical analysis [charts+indicators] | Buy/Sell Golden Ocean | (GOGL) share price targets

Complete technical analysis of Golden Ocean (GOGL) by charts plus indicators, forecast predictions and share price targets for Golden Ocean (GOGL)

Golden Ocean trades in USA in Consumer Services sector.

Showing technical analysis as on 2024-08-09 View latest technical analysis

10 day averaged volume of Golden Ocean is 1522842

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	11.67	11.67	11.72	11.59	0.383 times
08 Thu Aug 2024	11.74	11.66	11.75	11.48	0.779 times
07 Wed Aug 2024	11.61	11.90	11.92	11.52	1.008 times
06 Tue Aug 2024	11.56	11.17	11.61	11.08	1.576 times
05 Mon Aug 2024	11.15	10.87	11.21	10.72	1.553 times
02 Fri Aug 2024	11.52	11.65	11.67	11.46	1.112 times
01 Thu Aug 2024	11.96	12.42	12.42	11.92	0.771 times
31 Wed Jul 2024	12.42	12.41	12.51	12.38	0.835 times
30 Tue Jul 2024	12.26	12.41	12.50	12.19	0.755 times
29 Mon Jul 2024	12.54	12.66	12.73	12.43	0.719 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 11.7, but if it comes above 11.7, then a intra day buy could be more profitable.
If you take a sell trade below 11.7, then use 11.7 as stoploss and 10.9 as target. However if you take a buy trade in stock , then use 11.7 as stoploss and 12.46 as target.

Share price targets for Golden Ocean (GOGL)

Target Type	Value
Downside Target	10.72
Downside Target	11.46
Upside Target	11.92
Upside Target	12.19
Upside Target	13.48
Upside Target	13.50
Upside Target	13.82
Upside Target	14.17
Upside Target	14.19
Upside Target	14.29
Upside Target	15.77

Intraday share price targets for Golden Ocean (GOGL)

Target Type	Value
Downside Intraday Target	10.95
Downside Intraday Target	10.24
Upside Intraday Target	12.15
Upside Intraday Target	12.64
Downside Intraday Target	11.44

Weekly technical analysis of Golden Ocean (GOGL)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	11.67	10.87	11.92	10.72	1.264 times
02 Fri Aug 2024	11.52	12.66	12.73	11.46	1.103 times
26 Fri Jul 2024	12.48	13.07	13.50	12.35	0.988 times
19 Fri Jul 2024	12.97	13.00	13.48	12.88	0.835 times
12 Fri Jul 2024	13.22	13.40	13.48	12.93	2.968 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Golden Ocean (GOGL)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	11.67	12.42	12.42	10.72	0.388 times
31 Wed Jul 2024	12.42	14.11	14.29	12.19	0.963 times
28 Fri Jun 2024	13.80	14.15	14.19	12.56	0.724 times
31 Fri May 2024	14.39	14.03	15.77	13.82	1.344 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Golden Ocean (GOGL)

Price action analysis of Golden Ocean ( (GOGL) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Golden Ocean ( (GOGL) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Golden Ocean ( (GOGL) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Golden Ocean ( (GOGL) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Golden Ocean stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Golden Ocean in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Golden Ocean Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Golden Ocean in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Golden Ocean is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 11.75 and Golden Ocean (GOGL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Golden Ocean (GOGL) stock. Volume based technical analysis of Golden Ocean (GOGL) stock is negative.

Golden Ocean Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.