ODET Technical Analysis - COMPAGNIE DE L'ODET SA

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to ODET. ODET'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.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, ODET is a bad performer in the overall market: 90% of all stocks are doing better.

ODET is part of the Air Freight & Logistics industry. There are 15 other stocks in this industry, of which 78% are performing better than ODET.

ODET is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month ODET has a been trading in the 1320.00 - 1446.00 range, which is quite wide. It is currently trading near the lows of this range.

Warning: ODET has an average volume of 218 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

COMPAGNIE DE L'ODET SA / ODET Weekly stock chart

COMPAGNIE DE L'ODET SA / ODET Daily stock chart

Setup Rating and Analysis

ODET 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1,290.95

1,517.03

When analyzing the support we notice one important area.

A support zone ranging from 1303.99 to 1334.29. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

A resistance zone ranging from 1399.79 to 1460.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 1486.00 to 1502.01. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for ODET.PA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ODET.PA is down.
ChartMill Relative Strength	10.31	NEGATIVE	ODET.PA has a low relative strength, it was outperformed by 89.69% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ODET.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ODET.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ODET.PA is below a declining SMA(200).
Relative Strength Index/RSI (14)	31.93	NEUTRAL	The RSI value for ODET.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-2.23	NEGATIVE	The MACD value suggests ODET.PA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	7.76	OVERSOLD	The low Stochastics value suggests ODET.PA may be oversold.
Average True Range in percent/ATR (20)	1.62	LOW VOLATILITY	The low ATR as a percentage value for ODET.PA suggests low volalility.
Average Directional Index/ADX (14)	24.89	NEUTRAL	The ADX value for ODET.PA suggests a possible start of a new trend.