Is Golden Ocean Group Ltd. technically bullish or bearish?
2025-09-20 19:56:37As of 7 July 2025, the technical trend for Golden Ocean Group Ltd. has changed from bearish to mildly bearish. The weekly MACD is mildly bullish, while the monthly MACD remains bearish. The Bollinger Bands indicate a mildly bullish stance on the weekly timeframe but bearish on the monthly. Daily moving averages are bearish, and the KST shows a bullish signal weekly but bearish monthly. The Dow Theory reflects a bearish trend on the weekly and no trend on the monthly. The OBV is mildly bullish on the monthly but shows no trend weekly. In terms of performance, the stock has underperformed against the S&P 500 across multiple periods, with a year-to-date return of -10.94% compared to the S&P 500's 12.22%, and a one-year return of -34.96% versus 17.14% for the benchmark. Overall, the current technical stance is mildly bearish, driven by mixed signals across different indicators....
Read MoreIs Golden Ocean Group Ltd. overvalued or undervalued?
2025-09-20 18:30:30As of 20 August 2024, the valuation grade for Golden Ocean Group Ltd. has moved from expensive to very attractive, indicating a significant improvement in its perceived value. The company appears undervalued, especially when considering its P/E ratio of 14, which is lower than the industry average, and its price-to-book value of 0.84. Additionally, the EV to EBITDA ratio stands at 8.76, suggesting that the company is trading at a reasonable multiple relative to its earnings before interest, taxes, depreciation, and amortization. In comparison to its peers, Golden Ocean Group Ltd. has a lower P/E ratio than Frontline Plc, which has a P/E of 21.44, and is also more favorably positioned than Kirby Corp., which is rated very expensive with a P/E of 15.18. The recent stock performance shows that while Golden Ocean has underperformed the S&P 500 over the past year with a return of -34.96% compared to the S&P 500...
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