Following these proceedings, DNB Markets downgraded its Golar Lng [GLNG] rating to a Hold from a a Buy in a research note published recently. Wolfe Research also remained covering GLNG and has decreased its forecast on August 16, 2023 with a “Peer perform” recommendation from previously “an Outperform” rating. BofA Securities revised its rating on September 29, 2022. It rated GLNG as “a Buy” which previously was an “a Neutral”.
Price Performance Review of GLNG
On Monday, Golar Lng [NASDAQ:GLNG] saw its stock fall -1.78% to $37.45. Over the last five days, the stock has gained 0.48%. Golar Lng shares have fallen nearly -11.51% since the year began. Nevertheless, the stocks have risen 51.19% over the past one year. While a 52-week high of $44.36 was reached on 01/02/25, a 52-week low of $24.42 was recorded on 04/04/25. SMA at 50 days reached $37.03, while 200 days put it at $37.09.
Levels Of Support And Resistance For GLNG Stock
The 24-hour chart illustrates a support level at 36.84, which if violated will result in even more drops to 36.23. On the upside, there is a resistance level at 37.87. A further resistance level may holdings at 38.28. The Relative Strength Index (RSI) on the 14-day chart is 53.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.24, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.54%. Stochastics %K at 94.52% indicates the stock is a selling.
How much short interest is there in Golar Lng?
A steep rise in short interest was recorded in Golar Lng stocks on 2025-03-31, growing by 1.01 million shares to a total of 5.68 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 4.67 million shares. There was a rise of 17.85%, which implies that there is a positive sentiment for the stock.
