ODFJELL DRILLING LTD (ODL.OL) Stock Technical Analysis
OSL:ODL - Euronext Oslo - BMG671801022 - Common Stock - Currency: NOK
We assign a technical rating of 9 out of 10 to ODL. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month ODL has a been trading in the 70.90 - 76.60 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that ODL is one of the better performing stocks in the market, outperforming 82% of all stocks. On top of that, ODL also shows a nice and consistent pattern of rising prices.
ODL is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 82% of 35 stocks in the same industry.
ODL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ODL is lagging the market slightly.
Besides having an excellent technical rating, ODL also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 71.29, a Stop Loss order could be placed below this zone.
More info and screens
49.10
76.15
We found 4 important support areas.
- Support @56.14 from a trend line in the weekly time frame.
- Support @54.25 from a trend line in the weekly time frame.
- Support @53.11 from a trend line in the daily time frame.
- Support @49.60 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 71.29 to 71.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 72.73 to 73.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @75.40 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for ODL.OL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ODL.OL is neutral. |
| ChartMill Relative Strength | 82.53 | POSITIVE | ODL.OL has a high relative strength, it outperformed 82.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ODL.OL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ODL.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ODL.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.14 | NEUTRAL | The RSI value for ODL.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.42 | NEGATIVE | The MACD value suggests ODL.OL has a negative trend. |
| Stochastics (14,3) | 16.18 | OVERSOLD | The low Stochastics value suggests ODL.OL may be oversold. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for ODL.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 27.86 | POSITIVE | The high ADX value value for ODL.OL suggests a strong 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)
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 |
|---|---|---|---|
| 73.25 | 71.29 | 1.96 (2.68%) | 25.00% |
| An entry @73.25. This is a Buy Stop order right above the 10 day moving average. | An exit @71.29. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.96 points, which is 2.68%. | For a 0.67% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ODL. 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.
OSL:ODL (8/12/2025, 3:42:11 PM)
71.2
-0.1 (-0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-0.14%
1 Week-1.38%
2 Weeks-2.73%
1 Month-1.52%
3 Month12.82%
6 Month12.82%
12 Month34.02%
2 Year97.51%
3 Year163.59%
5 Year514.66%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.53
ATR(20)%2.1%
ATR Inc-35.24%
Range Today0.85
ADR(20)1.42
ADR(20)%1.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.53
Mansfield1.21
10 Day High76.6
10 Day Low71.3
20 Day High76.6
20 Day Low70.9
52 Week High76.6
52 Week Low47.15
CS1 End71.29
CR1 Start72.73
Volume & EV
DER(3)-7.53%
DER(5)-4.57%
Volume63.46K
Volume Incr-22.29%
Vol(5)173.78K
Vol(50)256.26K