DIAMOND OFFSHORE DRILLING IN (DO)

US25271C2017 - Common Stock

13.64  +0.2 (+1.49%)

After market: 13.64 0 (0%)

Technical Rating and Analysis

8

Taking everything into account, DO scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, DO is only an average performer.

Both the short term and long term trends are positive. This is a very positive sign.
In the last month DO has a been trading in the 11.30 - 13.71 range, which is quite wide. It is currently trading near the high of this range.
DO has an average volume of 1492340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, DO turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
DO is an average performer in the Energy Equipment & Services industry, it outperforms 47% of 66 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.
Weekly and Daily overview Charts
DO Weekly chart
DO Daily chart
Setup Rating and Analysis

7

Besides having an excellent technical rating, DO also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 13.59, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

11.56

14.23

We found 4 important support areas.

  • A support zone ranging from 13.21 to 13.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 12.66 to 12.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @12.12 from a trend line in the weekly time frame.
  • Support @11.68 from a horizontal line in the weekly time frame.

2 important resistance areas can be observed.

  • A resistance zone ranging from 13.65 to 13.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @14.09 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
CRS61.76
Mansfield-1.07
10 Day High13.71
10 Day Low12.81
20 Day High13.71
20 Day Low11.3
52 Week High17.32
52 Week Low10.44
Performance
1 Week3.57%
2 Weeks6.15%
1 Month22.99%
3 Month4.92%
6 Month-7.08%
12 Month13.29%
2 Year91.3%
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)0.08
RSI(14)66.16
LBB12.45
UBB13.67
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
13.6613.200.46 (3.37%)25.00%
An entry @13.66. This is a Buy Stop order right above the resistance zone.An exit @13.20. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 0.46 points, which is 3.37%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.84%.

  • 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 (3/28/2024, 8:05:28 PM)

After market: 13.64 0 (0%)

13.64

+0.2 (+1.49%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg1.49%
1 Week3.57%
2 Weeks6.15%
1 Month22.99%
3 Month4.92%
6 Month-7.08%
12 Month13.29%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.42
ATR(20)%3.26%
ATR Inc
Range Today0.2
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 High13.71
10 Day Low12.81
20 Day High13.71
20 Day Low11.3
52 Week High17.32
52 Week Low10.44
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.22M
Volume Incr-20.25%
Vol(5)1.30M
Vol(50)1.49M