OLD DOMINION FREIGHT LINE (ODFL) Stock Technical Analysis
NASDAQ:ODFL - Nasdaq - US6795801009 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to ODFL. Recently some decent action could be observed, but in the medium term time frame this is still negative. ODFL was also a bad performer in the overall market in the last year.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, ODFL is a bad performer in the overall market: 73% of all stocks are doing better.
ODFL 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 ODFL has a been trading in the 159.13 - 173.26 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ODFL has an average volume of 1657530 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 40 other stocks in this industry, ODFL did better than 43% of them.
ODFL has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 165.73, a Stop Loss order could be placed below this zone.
More info and screens
145.26
226.82
We found 2 important support areas.
- A support zone ranging from 161.55 to 165.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 146.73 to 146.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- Resistance @167.89 from a horizontal line in the daily time frame.
- A resistance zone ranging from 171.28 to 176.08. 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 | NEUTRAL | NEUTRAL | The short term trend for ODFL is neutral. |
| ChartMill Relative Strength | 27.29 | NEGATIVE | ODFL has a low relative strength, it was outperformed by 72.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ODFL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ODFL is above the rising 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) | 54.8 | NEUTRAL | The RSI value for ODFL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests ODFL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.68 | NEUTRAL | The Stochastics value for ODFL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for ODFL suggests some volalility. |
| Average Directional Index/ADX (14) | 11.84 | 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)
166.89
+3.64 (+2.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryGround Transportation
Performance
% Chg2.23%
1 Week3.43%
2 Weeks-0.29%
1 Month3.43%
3 Month13.73%
6 Month-12.54%
12 Month-17.76%
2 Year-20.43%
3 Year9.97%
5 Year82.57%
10 Year584.44%
15 Year2756.97%
Volatility
ATR(14)4.48
ATR(20)%2.65%
ATR Inc-21.49%
Range Today4.63
ADR(20)4.27
ADR(20)%2.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.29
Mansfield-1.55
10 Day High173.26
10 Day Low159.2
20 Day High173.26
20 Day Low159.13
52 Week High233.26
52 Week Low144.9
CS1 End165.73
CR1 Start167.89
Volume & EV
DER(3)-3.11%
DER(5)-0.65%
Volume1.23M
Volume Incr-19.02%
Vol(5)1.42M
Vol(50)1.66M