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.