OLD DOMINION FREIGHT LINE (ODFL) Stock Technical Analysis
USA - NASDAQ:ODFL - US6795801009 - Common Stock
Overall ODFL gets a technical rating of 1 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.
Although the technical rating is bad, ODFL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 139.25, a Stop Loss order could be placed below this zone.
More info and screens
132.96
We found 2 important support areas.
- A support zone ranging from 138.24 to 139.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 134.30 to 134.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 140.43 to 144.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @155.37 from a trend line in the daily time frame.
- Resistance @159.13 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 | 13.96 | NEGATIVE | ODFL has a low relative strength, it was outperformed by 86.04% 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) | 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) | 50.62 | NEUTRAL | The RSI value for ODFL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.5 | POSITIVE | The MACD value suggests ODFL has a positive trend. |
| Stochastics (14,3) | 41.87 | NEUTRAL | The Stochastics value for ODFL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.48 | MEDIUM VOLATILITY | The ATR as a percentage value for ODFL suggests some volalility. |
| Average Directional Index/ADX (14) | 19.74 | NEGATIVE | The low ADX value for ODFL suggests a weak or negative trend. |
139.9
+2.21 (+1.61%)
OLD DOMINION FREIGHT LINE / ODFL FAQ
What is the technical rating for ODFL stock?
ChartMill assigns a technical rating of 1 / 10 to ODFL.
Can you provide the trend direction for OLD DOMINION FREIGHT LINE?
The current trend direction for OLD DOMINION FREIGHT LINE (ODFL) is Bearish.
What is the RSI signal for ODFL stock?
OLD DOMINION FREIGHT LINE (ODFL) has an RSI value of 50.6155. This indicates that the stock is currently neutral.
What is the MACD signal for OLD DOMINION FREIGHT LINE (ODFL) stock?
The MACD indicator for OLD DOMINION FREIGHT LINE (ODFL) has a value of 0.496237, indicating a bearish trend.
What are the support and resistance levels for OLD DOMINION FREIGHT LINE (ODFL) stock?
OLD DOMINION FREIGHT LINE (ODFL) has a support level at 139.25 and a resistance level at 140.43. Check the full technical report for our detailed analysis of ODFL support and resistance levels.