ODFB Technical Analysis - ODFJELL SE-B SHS

Technical Rating and Analysis

Taking everything into account, ODFB scores 0 out of 10 in our technical rating. ODFB'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.

When comparing the yearly performance of all stocks, ODFB is a bad performer in the overall market: 82% of all stocks are doing better.

In the last month ODFB has a been trading in the 107.80 - 131.80 range, which is quite wide. It is currently trading near the lows of this range.

Warning: ODFB has an average volume of 16582 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

ODFB is an average performer in the Marine Transportation industry, it outperforms 47% of 18 stocks in the same industry.

ODFB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ODFB is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ODFJELL SE-B SHS / ODFB Weekly stock chart

ODFJELL SE-B SHS / ODFB Daily stock chart

Setup Rating and Analysis

ODFB 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

108.50

129.48

When analyzing the support we notice one important area.

A support zone ranging from 109.60 to 111.00. This zone is formed by a combination of multiple trend lines in multiple time frames.

3 important resistance areas can be observed.

Resistance @120.60 from a horizontal line in the daily time frame.
Resistance @123.58 from a trend line in the weekly time frame.
A resistance zone ranging from 126.40 to 128.20. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The long term trend for ODFB.OL is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ODFB.OL is down.
ChartMill Relative Strength	18.94	NEGATIVE	ODFB.OL has a low relative strength, it was outperformed by 81.06% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ODFB.OL is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ODFB.OL is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of ODFB.OL is above a declining SMA(200).
Relative Strength Index/RSI (14)	40.35	NEUTRAL	The RSI value for ODFB.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.94	NEGATIVE	The MACD value suggests ODFB.OL has a negative trend, although the MACD value is rising.
Stochastics (14,3)	19.57	OVERSOLD	The low Stochastics value suggests ODFB.OL may be oversold.
Average True Range in percent/ATR (20)	3.03	MEDIUM VOLATILITY	The ATR as a percentage value for ODFB.OL suggests some volalility.
Average Directional Index/ADX (14)	25.51	POSITIVE	The high ADX value value for ODFB.OL suggests a strong trend.