Taking everything into account, ODFL scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ODFL is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- ODFL is part of the Ground Transportation industry. There are 42 other stocks in this industry. ODFL outperforms 78% of them.
- In the last month ODFL has a been trading in the 156.00 - 181.25 range, which is quite wide. It is currently trading near the high of this range.
- ODFL has an average volume of 2182410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, ODFL did better than 70% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- ODFL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ODFL is lagging the market.
Besides having an excellent technical rating, ODFL also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 174.29, a Stop Loss order could be placed below this zone.
More info and screens
152.91
When analyzing the support we can see 2 important areas.
- A support zone ranging from 173.75 to 174.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 154.45 to 158.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 174.67 to 178.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 70.09 | POSITIVE | ODFL has a high relative strength, it outperformed 70.09% 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) | 60.33 | NEUTRAL | The RSI value for ODFL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ODFL has a negative trend. |
| Stochastics (14,3) | 83.44 | OVERBOUGHT | The high Stochastics value suggests ODFL may be overbought. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for ODFL suggests some volalility. |
| Average Directional Index/ADX (14) | 42.08 | POSITIVE | The high ADX value value for ODFL suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 178.42 | 173.74 | 4.68 (2.62%) | 25.00% |
| An entry @178.42. This is a Buy Stop order right above the resistance zone. | An exit @173.74. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.68 points, which is 2.62%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.66%. |
- The distance between exit and entry is rather small compared to the average daily movement of ODFL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
174.3
-3.95 (-2.22%)
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 60.3317. 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 -0.0583127, 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 174.29 and a resistance level at 174.67. Check the full technical report for our detailed analysis of ODFL support and resistance levels.