Chart Of The Day: Overseas Shipholdings – US Based Shipper


The Chart of the Day belongs to the petroleum shipping company Overseas Shipholding (OSG). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart  feature to review the charts for consistent price appreciation.  Since the Trend Seeker signaled a buy on 8/28 the stock gained 13.21%. OSG Price vs Daily Moving AveragesOverseas Shipholding Group, Inc., together with its subsidiaries, owns and operates a fleet of oceangoing vessels in the United States. Its vessels are engaged in the transportation of crude oil and petroleum products in the United States flag trade. As of December 31, 2022, the company owned or operated a fleet of 21 vessels totaling an aggregate of approximately 1.5 million deadweight tons. It serves independent oil traders, refinery operators, and the United States and international government entities. Overseas Shipholding Group, Inc. was founded in 1948 and is headquartered in Tampa, Florida.Barchart’s Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.Barchart Technical Indicators:

  • 100% technical buy signals
  • 63.65+ Weighted Alpha
  • 67.83% gain in the last year
  • Trend Seeker buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 9.34% in the last month
  • Relative Strength Index 63.85%
  • Technical support level at $4.75
  • Recently traded at $4.79 with 50 day moving average of $4.39
  • Fundamental Factors:

  • Market Cap $372 million
  • P/E 8.56
  • Not yet followed by Wall Street so there are no Revenue and Earnings projections
  • Analysts and Investor Sentiment — I don’t buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it’s hard to make money swimming against the tide:

  • Value Line rates the stock an average of  3 
  • CFRAs MarketScope rates it strong buy
  • More By This Author:Chart Of The Day: Frontline – Shipping Oil Worldwide
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