ODFJELL DRILLING LTD (ODL.OL) Stock Technical Analysis
OSL:ODL - Euronext Oslo - BMG671801022 - Common Stock - Currency: NOK
We assign a technical rating of 8 out of 10 to ODL. Although ODL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
ODL is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 79% of 35 stocks in the same industry.
ODL is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ODL is performing more or less in line with the market.
ODL is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the performance of all stocks over the past year, ODL turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
Besides having an excellent technical rating, ODL also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 62.00, a Stop Loss order could be placed below this zone.
More info and screens
49.10
66.26
When analyzing the support we can see 4 important areas.
- A support zone ranging from 61.29 to 62.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 52.70 to 53.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @51.55 from a trend line in the daily time frame.
- Support @49.60 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 64.90 to 65.60. This zone is formed by a combination of multiple trend lines 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 ODL.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ODL.OL is up. |
| ChartMill Relative Strength | 64.96 | NEUTRAL | ODL.OL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ODL.OL is above the rising 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) | 70.19 | OVERBOUGHT | The high RSI value suggests ODL.OL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.42 | POSITIVE | The MACD value suggests ODL.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.14 | OVERBOUGHT | The high Stochastics value suggests ODL.OL may be overbought. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for ODL.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 30 | 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 |
|---|---|---|---|
| 65.61 | 61.28 | 4.33 (6.60%) | 15.15% |
| An entry @65.61. This is a Buy Stop order right above the resistance zone. | An exit @61.28. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.33 points, which is 6.60%. | For a 1.00% total portfolio risk, you can invest 15.15% of your capital in this trade. |
- 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 (5/28/2025, 7:00:00 PM)
63.2
+1 (+1.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg1.61%
1 Week1.44%
2 Weeks6.94%
1 Month18.8%
3 Month3.95%
6 Month29.77%
12 Month9.72%
2 Year143.54%
3 Year132.78%
5 Year540.97%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.68
ATR(20)%2.49%
ATR Inc-31.49%
Range Today1.6
ADR(20)1.4
ADR(20)%2.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.96
Mansfield1.14
10 Day High64.1
10 Day Low58.4
20 Day High64.1
20 Day Low52.6
52 Week High65.9
52 Week Low47.15
CS1 End62
CR1 Start64.9
Volume & EV
DER(3)1.17%
DER(5)0.76%
Volume207.26K
Volume Incr-22.39%
Vol(5)170.22K
Vol(50)244.44K