ODFJELL DRILLING LTD (ODL.OL) Stock Technical Analysis
OSL:ODL - Euronext Oslo - BMG671801022 - Common Stock - Currency: NOK
Taking everything into account, ODL scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ODL is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that ODL is one of the better performing stocks in the market, outperforming 85% of all stocks.
ODL is part of the Energy Equipment & Services industry. There are 36 other stocks in this industry. ODL outperforms 85% of them.
ODL is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ODL is leading the market.
In the last month ODL has a been trading in the 60.10 - 70.80 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
Although ODL has an excellent technical rating, it does not present a decent entry opportunity 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
49.10
70.90
We found 4 important support areas.
- A support zone ranging from 61.30 to 62.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @54.14 from a trend line in the weekly time frame.
- A support zone ranging from 51.94 to 52.70. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @49.60 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 | UP | POSITIVE | The short term trend for ODL.OL is up. |
| ChartMill Relative Strength | 85.45 | POSITIVE | ODL.OL has a high relative strength, it outperformed 85.45% off all stocks 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) | 77.46 | OVERBOUGHT | The high RSI value suggests ODL.OL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests ODL.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.07 | OVERBOUGHT | The high Stochastics value suggests ODL.OL may be overbought. |
| Average True Range in percent/ATR (20) | 2.23 | MEDIUM VOLATILITY | The ATR as a percentage value for ODL.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 45.82 | 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)
OSL:ODL (6/19/2025, 2:27:17 PM)
70.2
+0.5 (+0.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg0.72%
1 Week2.05%
2 Weeks9.42%
1 Month12.06%
3 Month15.59%
6 Month40.52%
12 Month28.36%
2 Year169.63%
3 Year200.43%
5 Year544.18%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.64
ATR(20)%2.23%
ATR Inc36.67%
Range Today1.4
ADR(20)1.49
ADR(20)%2.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.45
Mansfield1.86
10 Day High70.8
10 Day Low63.7
20 Day High70.8
20 Day Low60.1
52 Week High70.8
52 Week Low47.15
CS1 End62.06
CR1 StartN/A
Volume & EV
DER(3)-3.87%
DER(5)0.02%
Volume82.04K
Volume Incr48.46%
Vol(5)384.34K
Vol(50)268.97K