DIAMOND OFFSHORE DRILLING IN (DO)       6.99  +0.2 (+2.95%)

6.99  +0.2 (+2.95%)

US25271C2017 - Common Stock - After market: 6.99 0 (0%)

Technical Rating

Taking everything into account, DO scores 4 out of 10 in our technical rating. DO has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.



The long and short term trends are both positive. This is looking good!
In the last month DO has a been trading in the 5.17 - 7.38 range, which is quite wide. It is currently trading near the high of this range.
DO has an average volume of 2369320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
100% of all other stocks performed better in the past year than DO.
DO is one of the lesser performing stocks in the Energy Equipment & Services industry. 100% of 95 stocks in the same industry do better.
DO is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 24.82% -0.99% 0.00% 0.00% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 0 5.17 - 12.04
DO Weekly chart
DO Daily chart

Support/Resistance Analysis


6.22

7.39
We found 2 important support areas.
  • A support zone ranging from 6.70 to 6.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 6.28 to 6.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
  • Resistance @7.32 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

DO has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.


DO Daily chart

DIAMOND OFFSHORE DRILLING IN6.99

NYSE:DO (8/10/2022, 7:04:01 PM)+0.2 (+2.95%)

After market: 6.99 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Energy Equipment & Services
Performance
Today 2.95% 1 Week 4.02%
2 Weeks 5.27% 1 Month 24.82%
3 Month -0.99% 6 Month 0%
Volatility
ATR(14) 0.43 ATR(20)% 5.71%
ATR Inc -39.1% Range Today 0.24
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS N/A Mansfield -30
10 Day High 7.38 10 Day Low 6.29
20 Day High 7.38 20 Day Low 5.17
52 Week High 12.04 52 Week Low 5.17
CS1 End 6.84 CR1 Start 7.32
Volume & EV
DER(3) -1.5% DER(5) 0.16%
Volume 1.21M Volume Incr -25.48%
Vol(5) 811.85K Vol(50) 2.37M

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