DIAMOND OFFSHORE DRILLING IN (DO)

US25271C2017 - Common Stock

13.16  -0.42 (-3.09%)

After market: 12.85 -0.31 (-2.36%)

Technical Rating and Analysis

6

We assign a technical rating of 6 out of 10 to DO. DO has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.

In the last month DO has a been trading in the 12.66 - 14.82 range, which is quite wide. It is currently trading near the lows of this range.
DO has an average volume of 1489280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, DO outperforms 67% of them, which is more or less in line with the market.
DO is part of the Energy Equipment & Services industry. There are 65 other stocks in this industry, DO did better than 50% of them.
DO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DO is lagging the market slightly.
Weekly and Daily overview Charts
DO Weekly chart
DO Daily chart
Setup Rating and Analysis

6

Although the technical rating is only medium, DO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 13.08, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

11.56

15.15

We found 3 important support areas.

  • A support zone ranging from 12.85 to 13.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @12.33 from a trend line in the weekly time frame.
  • Support @11.68 from a horizontal line in the weekly time frame.

We can see 2 important resistance areas.

  • A resistance zone ranging from 14.39 to 14.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @15.00 from a horizontal line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.98
Mansfield-1.05
10 Day High14.57
10 Day Low12.67
20 Day High14.82
20 Day Low12.67
52 Week High17.32
52 Week Low10.44
Performance
1 Week1.15%
2 Weeks-8.99%
1 Month0.15%
3 Month3.13%
6 Month6.3%
12 Month14.53%
2 Year67.64%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.14
RSI(14)46.51
LBB12.57
UBB14.84
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
13.4512.840.61 (4.52%)22.12%
An entry @13.45. This is a Buy Stop order right above the 10 day moving average.An exit @12.84. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 0.61 points, which is 4.52%.When investing 22.12% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The distance between exit and entry is rather small compared to the average daily movement of DO. Please evaluate whether better entry and exit points can be found.
  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
DO Daily chart

DIAMOND OFFSHORE DRILLING IN

NYSE:DO (4/24/2024, 7:04:01 PM)

After market: 12.85 -0.31 (-2.36%)

13.16

-0.42 (-3.09%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-3.09%
1 Week1.15%
2 Weeks-8.99%
1 Month0.15%
3 Month3.13%
6 Month6.3%
12 Month14.53%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.53
ATR(20)%3.68%
ATR Inc
Range Today0.53
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High14.57
10 Day Low12.67
20 Day High14.82
20 Day Low12.67
52 Week High17.32
52 Week Low10.44
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.37M
Volume Incr18.64%
Vol(5)1.57M
Vol(50)1.49M