OLD DOMINION FREIGHT LINE (ODFL) Stock Technical Analysis
NASDAQ:ODFL - Nasdaq - US6795801009 - Common Stock - Currency: USD
Overall ODFL gets a technical rating of 3 out of 10. 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.
65% of all other stocks performed better in the past year than ODFL.
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 155.05 - 172.24 range, which is quite wide. It is currently trading near the high of this range.
ODFL has an average volume of 1886540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
ODFL is an average performer in the Ground Transportation industry, it outperforms 43% of 40 stocks in the same industry.
Volume is considerably higher in the last couple of days.
The technical rating of ODFL is bad and it also does not present a 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
145.26
226.82
When analyzing the support we can see 3 important areas.
- A support zone ranging from 160.63 to 163.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @158.04 from a trend line in the daily time frame.
- 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.
When analyzing the resistance we notice 3 important areas.
- Resistance @171.29 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 176.08 to 179.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The long term trend for ODFL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ODFL is neutral. |
| ChartMill Relative Strength | 35.58 | NEUTRAL | ODFL is not amongst the best or worst performers 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) | 60.51 | NEUTRAL | The RSI value for ODFL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.71 | POSITIVE | The MACD value suggests ODFL has a positive trend. |
| Stochastics (14,3) | 60.8 | NEUTRAL | The Stochastics value for ODFL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for ODFL suggests some volalility. |
| Average Directional Index/ADX (14) | 12.47 | 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)
168.45
+6.15 (+3.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryGround Transportation
Performance
% Chg3.79%
1 Week4%
2 Weeks5.64%
1 Month5.28%
3 Month10.78%
6 Month-6.89%
12 Month-7.83%
2 Year-19.69%
3 Year11%
5 Year84.28%
10 Year590.84%
15 Year2783.68%
Volatility
ATR(14)4.4
ATR(20)%2.6%
ATR Inc81.24%
Range Today11.68
ADR(20)4.3
ADR(20)%2.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.58
Mansfield-1.46
10 Day High172.24
10 Day Low155.05
20 Day High172.24
20 Day Low155.05
52 Week High233.26
52 Week Low144.9
CS1 End162.98
CR1 Start171.29
Volume & EV
DER(3)1.31%
DER(5)2.11%
Volume2.08M
Volume Incr73.64%
Vol(5)2.73M
Vol(50)1.89M