OLD DOMINION FREIGHT LINE (ODFL) Stock Technical Analysis
NASDAQ:ODFL - Nasdaq - US6795801009 - Common Stock - Currency: USD
Overall ODFL gets a technical rating of 0 out of 10. 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: 90% of all stocks are doing better.
ODFL is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
ODFL is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
ODFL has an average volume of 1852200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ODFL is an average performer in the Ground Transportation industry, it outperforms 43% of 40 stocks in the same industry.
ODFL has a poor technical rating and the quality of the setup is also only medium 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
We found 1 important support area.
- A support zone ranging from 141.84 to 144.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 6 important areas.
- Resistance @149.94 from a horizontal line in the daily time frame.
- A resistance zone ranging from 160.16 to 162.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @167.89 from a horizontal line in the daily time frame.
- Resistance @171.28 from a horizontal line in the weekly time frame.
- 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 | 10.91 | NEGATIVE | ODFL has a low relative strength, it was outperformed by 89.09% 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) | 34.52 | NEUTRAL | The RSI value for ODFL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.51 | NEGATIVE | The MACD value suggests ODFL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.46 | OVERSOLD | The low Stochastics value suggests ODFL may be oversold. |
| Average True Range in percent/ATR (20) | 3.85 | MEDIUM VOLATILITY | The ATR as a percentage value for ODFL suggests some volalility. |
| Average Directional Index/ADX (14) | 21.6 | NEUTRAL | The ADX value for ODFL suggests a possible start of a new 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)
149.23
+6.21 (+4.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryGround Transportation
Performance
% Chg4.34%
1 Week-0.93%
2 Weeks-12.96%
1 Month-13.7%
3 Month-16.5%
6 Month-30.69%
12 Month-28.55%
2 Year-33.07%
3 Year5.39%
5 Year41.48%
10 Year545.3%
15 Year2669.32%
Volatility
ATR(14)5.89
ATR(20)%3.85%
ATR Inc-31.64%
Range Today6.64
ADR(20)4.9
ADR(20)%3.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.91
Mansfield-2.65
10 Day High165.45
10 Day Low140.91
20 Day High174.79
20 Day Low140.91
52 Week High233.26
52 Week Low140.91
CS1 End141.84
CR1 Start143.98
Volume & EV
DER(3)1.15%
DER(5)1.37%
Volume1.57M
Volume Incr5.52%
Vol(5)1.99M
Vol(50)1.85M