OLD DOMINION FREIGHT LINE (ODFL) Stock Technical Analysis
NASDAQ:ODFL • US6795801009
Overall ODFL gets a technical rating of 8 out of 10. Although ODFL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- ODFL is part of the Ground Transportation industry. There are 42 other stocks in this industry. ODFL outperforms 73% of them.
- ODFL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ODFL is lagging the market slightly.
- ODFL has an average volume of 2472820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that ODFL is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- In the last month ODFL has a been trading in the 168.00 - 208.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although ODFL has an excellent technical rating, it does not present a decent entry opportunity 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
158.08
2 important support areas can be observed.
- A support zone ranging from 182.66 to 185.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @159.68 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @202.48 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 | UP | POSITIVE | The long term trend for ODFL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ODFL is up. |
| ChartMill Relative Strength | 75.26 | POSITIVE | ODFL has a high relative strength, it outperformed 75.26% 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) | UP | POSITIVE | The current price of ODFL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.74 | NEUTRAL | The RSI value for ODFL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests ODFL has a negative trend. |
| Stochastics (14,3) | 55.48 | NEUTRAL | The Stochastics value for ODFL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.84 | MEDIUM VOLATILITY | The ATR as a percentage value for ODFL suggests some volalility. |
| Average Directional Index/ADX (14) | 40.14 | POSITIVE | The high ADX value value for ODFL suggests a strong trend. |
185.51
-8.95 (-4.6%)
OLD DOMINION FREIGHT LINE / ODFL FAQ
What is the technical rating for ODFL stock?
ChartMill assigns a technical rating of 8 / 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 53.7425. 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 -0.199343, 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 185.5 and a resistance level at 202.48. Check the full technical report for our detailed analysis of ODFL support and resistance levels.