OLD DOMINION FREIGHT LINE (ODFL) Stock Technical Analysis
NASDAQ:ODFL - US6795801009 - Common Stock
148.81 USD
+0.7 (+0.47%)
148.77 USD
-0.04 (-0.03%)
Taking everything into account, ODFL scores 0 out of 10 in our technical rating. ODFL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, ODFL is a bad performer in the overall market: 87% of all stocks are doing better.
ODFL is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month ODFL has a been trading in the 140.71 - 160.06 range, which is quite wide. It is currently trading near the lows of this range.
ODFL has an average volume of 1961900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ODFL is part of the Ground Transportation industry. There are 41 other stocks in this industry, ODFL did better than 42% of them.
The technical rating of ODFL is bad and it also does not present a 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
140.42
226.82
When analyzing the support we notice one important area.
- A support zone ranging from 141.84 to 141.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 155.14 to 157.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @162.99 from a trend line in the daily time frame.
- Resistance @167.89 from a horizontal line in the daily time frame.
- A resistance zone ranging from 171.04 to 171.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @179.55 from a horizontal line in the daily time frame.
- Resistance @224.57 from a horizontal line in the weekly time frame.
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 ODFL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ODFL is down. |
| ChartMill Relative Strength | 13.94 | NEGATIVE | ODFL has a low relative strength, it was outperformed by 86.06% 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) | DOWN | NEGATIVE | The current price of ODFL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ODFL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.45 | NEUTRAL | The RSI value for ODFL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ODFL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 23.44 | NEUTRAL | The Stochastics value for ODFL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for ODFL suggests some volalility. |
| Average Directional Index/ADX (14) | 13.1 | NEGATIVE | The low ADX value for ODFL suggests a weak or negative trend. |
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)
148.81
+0.7 (+0.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryGround Transportation
Performance
% Chg0.47%
1 Week-3.26%
2 Weeks-0.95%
1 Month-0.75%
3 Month-7.19%
6 Month-17.12%
12 Month-19.48%
2 Year-27.26%
3 Year19.64%
5 Year64.5%
10 Year631.85%
15 Year2534.32%
Volatility
ATR(14)4.62
ATR(20)%3.24%
ATR Inc22.98%
Range Today8.26
ADR(20)4.68
ADR(20)%3.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.94
Mansfield-2.35
10 Day High160.06
10 Day Low140.71
20 Day High160.06
20 Day Low140.71
52 Week High233.26
52 Week Low140.71
CS1 End141.84
CR1 Start155.14
Volume & EV
DER(3)2.59%
DER(5)3.03%
Volume3.28M
Volume Incr0.27%
Vol(5)2.04M
Vol(50)1.96M