For its latest trading sesion, Golden Ocean Group Limited (NASDAQ:GOGL) spiked up by 3.2% – here is what that looked like (as of 2019-12-24):

Why are these moves happning?? To understand this better, it is helpful to analyze some technical indicators. As we see it, you should pay the most attention to the following:

A *Money Flow Index* (MFI) of 15.898, a *Relative Strength Index* (RSI) of 50.0, a *True Strength Index* (TSI) of -100.0, a *Moving Average Convergence Divergence (MACD)* of -0.001, an *Average Directional Movement Index* (ADX) of unknown, an *Average True Range* (ATR) of 0.099, an *Accumulation/Distribution Index* (ADI) of 0.099, an *On-Balance Volume* (OBV) of 21.293, and a *Chaiikin Money Flow* (CMF) of -5.66. 1.569

Now let’s take all these indicators into account. According to *Trading View*, we can conclude the following:

So when putting all the technical indicators together, this is what you get. Note this is *technical* analysis only! You should do fundamental research as well, and __do not just rely on this__ – we take no responsibility for any losses incurred if you buy or sell based on the above.