ODFJELL SE-B SHS (ODFB.OL) Stock Technical Analysis
OSL:ODFB - Euronext Oslo - NO0003399917 - Common Stock - Currency: NOK
We assign a technical rating of 6 out of 10 to ODFB. In the last year, ODFB was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, ODFB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 111.43. Right above this resistance zone may be a good entry point. 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.
More info and screens
105.93
When analyzing the support we notice one important area.
- A support zone ranging from 107.00 to 108.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 111.43 to 112.00. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for ODFB.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ODFB.OL is up. |
| ChartMill Relative Strength | 22.92 | NEGATIVE | ODFB.OL has a low relative strength, it was outperformed by 77.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ODFB.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ODFB.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ODFB.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.33 | NEUTRAL | The RSI value for ODFB.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests ODFB.OL has a negative trend. |
| Stochastics (14,3) | 51.16 | NEUTRAL | The Stochastics value for ODFB.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.21 | MEDIUM VOLATILITY | The ATR as a percentage value for ODFB.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 29.59 | POSITIVE | The high ADX value value for ODFB.OL suggests a strong trend. |
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 112.01 | 106.99 | 5.02 (4.48%) | 22.31% |
| An entry @112.01. This is a Buy Stop order right above the resistance zone. | An exit @106.99. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.02 points, which is 4.48%. | For a 1.00% total portfolio risk, you can invest 22.31% of your capital in this trade. |
- 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.
OSL:ODFB (6/19/2025, 12:19:27 PM)
108.5
+0.3 (+0.28%)