DIAMOND OFFSHORE DRILLING IN (DO) Stock Technical Analysis
NYSE:DO - New York Stock Exchange, Inc. - US25271C2017 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to DO. DO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
75% of all other stocks performed better in the past year than DO.
DO is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
DO has an average volume of 1867390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
DO is an average performer in the Energy Equipment & Services industry, it outperforms 53% of 63 stocks in the same industry.
DO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DO is lagging the market.
DO has a poor technical rating and the quality of the setup is also 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.
More info and screens
12.83
14.83
When analyzing the support we can see 3 important areas.
- A support zone ranging from 13.96 to 13.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.35 from a trend line in the weekly time frame.
- Support @12.96 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 14.00 to 14.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for DO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DO is down. |
| ChartMill Relative Strength | 25.42 | NEGATIVE | DO has a low relative strength, it was outperformed by 74.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.94 | NEUTRAL | The RSI value for DO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests DO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 31.91 | NEUTRAL | The Stochastics value for DO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.91 | LOW VOLATILITY | The low ATR as a percentage value for DO suggests low volalility. |
| Average Directional Index/ADX (14) | 21.84 | NEUTRAL | The ADX value for DO suggests a possible start of a new trend. |
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)
13.99
-0.35 (-2.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-2.44%
1 Week-3.18%
2 Weeks-3.12%
1 Month-4.57%
3 Month0.43%
6 Month13.93%
12 Month-9.92%
2 Year111.01%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%1.91%
ATR Inc13.47%
Range Today0.39
ADR(20)0.25
ADR(20)%1.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.42
Mansfield-1.03
10 Day High14.69
10 Day Low13.95
20 Day High15.19
20 Day Low13.95
52 Week High17.32
52 Week Low11.02
CS1 End13.98
CR1 Start14
Volume & EV
DER(3)0.64%
DER(5)-1.47%
Volume5.89M
Volume Incr96.97%
Vol(5)3.03M
Vol(50)1.87M