Technical Review of Golden Ocean Group Limited (NASDAQ:GOGL)

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Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Golden Ocean Group Limited (NASDAQ:GOGL) for the period of 9-Day stands at 76.54% while the stochastic %D for the same period stands at 70.61%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Golden Ocean Group Limited (NASDAQ:GOGL) signals “Sell” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Sell” for Golden Ocean Group Limited (NASDAQ:GOGL) while 20-100 Day MACD Oscillator indicates “Buy”.

Bollinger band is a volatility indicator of a certain security, currently Golden Ocean Group Limited (NASDAQ:GOGL)’s 20-Day Bollinger Band indicates “Hold”.

About Company

Golden Ocean Group Limited is a shipping company which engaged in the transportation of dry bulk cargoes. It operates primarily in the Capesize and Panamax market. Golden Ocean Group Limited, formerly known as Knightsbridge Shipping Limited, is based in HAMILTON, Bermuda.

Previous Day Activity Analysis

On the last trading day, Golden Ocean Group Limited (NASDAQ:GOGL) opened the session at $8.53 and after going down -1.18% closed at $8.4. The stock lost -0.13 points in the last trade.

Golden Ocean Group Limited (NASDAQ:GOGL)’s stock fluctuated in the range of $8.26 and $8.54 during the previous active session. Golden Ocean Group Limited (NASDAQ:GOGL) traded with the volume of 617762 with average volume of 236.18 Million. The stock has LOW volatility on the last trading session.

Currently the Beta for the company remains at 2.35 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.26 and 50.11 respectively.

Currently the Insider Ownership of the shares of Golden Ocean Group Limited (NASDAQ:GOGL) is at 5.6% and the shares outstanding are 127.22 Million.

Important Ratio Analysis

Some important ratios to consider here for Golden Ocean Group Limited (NASDAQ:GOGL) are discussed below:

Dividend yield of Golden Ocean Group Limited (NASDAQ:GOGL) stands at 0% whereas Price to Earnings P/E ratio stands at 0 while Forward P/E shows the value of 26.09.

The Price to Sale P/S and Price to Book P/B shows the value of 3.16 and 0.74 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 0 and 10.28 correspondingly.

The Quick Ratio of Golden Ocean Group Limited (NASDAQ:GOGL) stands at 0 while the Current Ratio depicts the value of 4.1.

Return on Assets ROA of Golden Ocean Group Limited (NASDAQ:GOGL) is at -2% whereas, Return on Equity ROE and Return of Investment ROI of Golden Ocean Group Limited (NASDAQ:GOGL) stand at -3.9% and -3.5% respectively.

Stock Performance Analysis

The stock performance of Golden Ocean Group Limited (NASDAQ:GOGL) on the basis of 5 day trade show the jump of 2.19% whereas, the monthly performance of the stock shows decrease of -4.22%.

The quarterly performance of the stock remained in green zone with the value of 20.34% while six month performance of the shares of Golden Ocean Group Limited (NASDAQ:GOGL) remained bullish with the count of 11.85%.

The yearly and YTD performance of Golden Ocean Group Limited (NASDAQ:GOGL) remained up at 125.2% and 78.34% respectively.