ODFJELL DRILLING LTD (ODL.OL) Stock Technical Analysis
Europe - Euronext Oslo - OSL:ODL - BMG671801022 - Common Stock
We assign a technical rating of 10 out of 10 to ODL. Both in the recent history as in the last year, ODL has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that ODL is one of the better performing stocks in the market, outperforming 84% 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 84% of 39 stocks in the same industry.
- ODL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ODL has a been trading in the 83.50 - 91.80 range, which is quite wide. It is currently trading near the high of this range.
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 resistance zone just above the current price starting at 90.11. Right above this resistance zone may be a good entry point.
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75.93
3 important support areas can be observed.
- A support zone ranging from 89.30 to 89.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 84.06 to 85.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 76.70 to 77.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 90.11 to 91.00. 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 | 84.33 | POSITIVE | ODL.OL has a high relative strength, it outperformed 84.33% 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) | 59.39 | NEUTRAL | The RSI value for ODL.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests ODL.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.79 | OVERBOUGHT | The high Stochastics value suggests ODL.OL may be overbought. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for ODL.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 30.83 | POSITIVE | The high ADX value value for ODL.OL 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 |
|---|---|---|---|
| 91.01 | 89.29 | 1.72 (1.89%) | 25.00% |
| An entry @91.01. This is a Buy Stop order right above the resistance zone. | An exit @89.29. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.72 points, which is 1.89%. | For a 0.47% 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 (1/16/2026, 4:19:46 PM)
90.1
-0.3 (-0.33%)
ODFJELL DRILLING LTD / ODL.OL FAQ
What is the technical rating for ODL stock?
ChartMill assigns a technical rating of 10 / 10 to ODL.OL.
What is the current trend direction of ODFJELL DRILLING LTD (ODL.OL) stock?
The current trend direction for ODFJELL DRILLING LTD (ODL.OL) is Bullish.
What is the RSI signal for ODL stock?
ODFJELL DRILLING LTD (ODL.OL) has an RSI value of 59.3877. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ODFJELL DRILLING LTD?
The MACD indicator for ODFJELL DRILLING LTD (ODL.OL) has a value of 0.139491, indicating a bearish trend.
Can you provide the buy/sell signal for ODFJELL DRILLING LTD?
The buy/sell signal for ODFJELL DRILLING LTD (ODL.OL) is buy as both the short term and long term trends are positive.