OLD DOMINION FREIGHT LINE (ODFL) Technical Analysis
NASDAQ:ODFL • US6795801009
Current stock price
ODFL Technical Rating and Analysis
Taking everything into account, ODFL scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ODFL is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that ODFL is one of the better performing stocks in the market, outperforming 86% of all stocks.
- ODFL is one of the better performing stocks in the Ground Transportation industry, it outperforms 75% of 42 stocks in the same industry.
- ODFL is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ODFL has a been trading in the 184.22 - 227.08 range, which is quite wide. It is currently trading near the high of this range.
- ODFL has an average volume of 2178760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ODFL Weekly and Daily overview Charts
ODFL Setup Rating and Analysis
Although ODFL has an excellent technical rating, it 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
170.86
We found 4 important support areas.
- A support zone ranging from 211.48 to 214.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 204.85 to 205.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 194.89 to 197.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @172.59 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @219.99 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 | UP | POSITIVE | The short term trend for ODFL is up. |
| ChartMill Relative Strength | 86.4 | POSITIVE | ODFL has a high relative strength, it outperformed 86.4% 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) | 65.41 | NEUTRAL | The RSI value for ODFL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.89 | POSITIVE | The MACD value suggests ODFL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.37 | OVERBOUGHT | The high Stochastics value suggests ODFL may be overbought. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for ODFL suggests some volalility. |
| Average Directional Index/ADX (14) | 26.63 | 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
219.98
-4.44 (-1.98%)
OLD DOMINION FREIGHT LINE / ODFL TA FAQ
What is the technical rating for ODFL stock?
ChartMill assigns a technical rating of 10 / 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.
What is the RSI signal for OLD DOMINION FREIGHT LINE (ODFL) stock?
OLD DOMINION FREIGHT LINE (ODFL) has an RSI value of 65.412. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for OLD DOMINION FREIGHT LINE?
The buy/sell signal for OLD DOMINION FREIGHT LINE (ODFL) is buy as both the short term and long term trends are positive.
What is the support and resistance level for ODFL stock?
OLD DOMINION FREIGHT LINE (ODFL) has a support level at 214.02 and a resistance level at 219.99. Check the full technical report for our detailed analysis of ODFL support and resistance levels.