Overseas Shipholding Group Inc technical rating as of 2018-02-19 (OSG Price of Stock at Publication: $2.05)
Decision Time: Overseas Shipholding Group Inc now sits in the perhaps the most difficult technical position — the stock has no urgency in its direction and that has left it at an inflection point. Watch the key moving average levels that we discuss below and further, watch the stochastics, technical oscillators and momentum readings for any kind of hint to direction.
The company has a three bull momentum rating which indicates an inflection point. It may seem obvious, but this is the time to put the stock on alert — a meaningful move in either direction now will likely swing momentum into a channel that could be decidedly up or down. With the current stock price and the moving averages showing signs of indecision, any consecutive day stock move in either direction will likely push the stock into a bearish or bullish momentum channel that could persist for the short-term. This is a critical inflection point.
OSG is up +8.8% over the last three months and down -3.6% over the last six months. The stock has returned -50.3% over the last year. The current stock price is $2.71.
Overseas Shipholding Group Inc has a three bull (inflection point) technical rating because it’s trading below both its 10 day and its 200 day simple moving averages. One the other side, we note that the stock is trading above the medium-term 50 day moving average and the 10 day moving average is above the 50 -day moving average.
Overseas Shipholding Group Inc (NYSE:OSG) rating statistics:
10-day moving average: $2.80
50-day moving average: $2.69
200-day moving average: $2.75