OLD DOMINION FREIGHT LINE (ODFL) Technical Analysis
NASDAQ:ODFL • US6795801009
Current stock price
ODFL Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to ODFL. In the last year, ODFL was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- In the last month ODFL has a been trading in the 176.05 - 221.63 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- ODFL is part of the Ground Transportation industry. There are 42 other stocks in this industry. ODFL outperforms 82% of them.
- ODFL has an average volume of 2358650 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, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- Looking at the yearly performance, ODFL did better than 74% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- ODFL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ODFL is lagging the market slightly.
ODFL Weekly and Daily overview Charts
ODFL Setup Rating and Analysis
ODFL has an average technical rating and it also does not offer a high quality setup 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
ODFL Support and Resistance Analysis
158.08
3 important support areas can be observed.
- A support zone ranging from 180.74 to 181.31. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Support @176.23 from a horizontal line in the daily time frame.
- Support @159.68 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 202.03 to 203.06. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @206.34 from a horizontal line in the weekly time frame.
ODFL 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 | UP | POSITIVE | The long term trend for ODFL is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ODFL is down. |
| ChartMill Relative Strength | 74.97 | POSITIVE | ODFL has a high relative strength, it outperformed 74.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ODFL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ODFL is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ODFL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.23 | NEUTRAL | The RSI value for ODFL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.62 | NEGATIVE | The MACD value suggests ODFL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.25 | OVERSOLD | The low Stochastics value suggests ODFL may be oversold. |
| Average True Range in percent/ATR (20) | 4.72 | MEDIUM VOLATILITY | The ATR as a percentage value for ODFL suggests some volalility. |
| Average Directional Index/ADX (14) | 27.53 | POSITIVE | The high ADX value value for ODFL suggests a strong trend. |
ODFL Chart- and CandleStick Pattern Analysis
ODFL Technicals: Chart, Performance Metrics, Trend & Indicators
182.44
+1.69 (+0.93%)
OLD DOMINION FREIGHT LINE / ODFL TA FAQ
What is the technical rating for ODFL stock?
ChartMill assigns a technical rating of 5 / 10 to ODFL.
What is the current trend direction of OLD DOMINION FREIGHT LINE (ODFL) stock?
The current trend direction for OLD DOMINION FREIGHT LINE (ODFL) is Bullish.
Can you provide the RSI signal for OLD DOMINION FREIGHT LINE?
OLD DOMINION FREIGHT LINE (ODFL) has an RSI value of 43.2322. This indicates that the stock is currently neutral.
What is the MACD signal for ODFL stock?
The MACD indicator for OLD DOMINION FREIGHT LINE (ODFL) has a value of -3.62161, indicating a bearish trend.
Can you provide the support and resistance levels for OLD DOMINION FREIGHT LINE?
OLD DOMINION FREIGHT LINE (ODFL) has a support level at 181.31 and a resistance level at 202.03. Check the full technical report for our detailed analysis of ODFL support and resistance levels.