ODFJELL DRILLING LTD (ODL.OL) Technical Analysis
OSL:ODL • BMG671801022
Current stock price
ODL.OL Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to ODL. In the last year, ODL was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, ODL did better than 92% of all other stocks. We also observe that the gains produced by ODL over the past year are nicely spread over this period.
- ODL is part of the Energy Equipment & Services industry. There are 35 other stocks in this industry. ODL outperforms 70% of them.
- 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.
- In the last month ODL has a been trading in the 93.60 - 104.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
ODL.OL Weekly and Daily overview Charts
ODL.OL Setup Rating and Analysis
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 very little resistance above the current price. There is a support zone below the current price at 99.53, a Stop Loss order could be placed below this zone.
More info and screens
ODL.OL Support and Resistance Analysis
86.72
3 important support areas can be observed.
- A support zone ranging from 98.90 to 99.53. 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 96.80 to 96.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @87.60 from a trend line in the daily time frame.
ODL.OL Technical Indicator Signal Analysis
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 | 92.23 | POSITIVE | ODL.OL has a high relative strength, it outperformed 92.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ODL.OL is above 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) | 55 | NEUTRAL | The RSI value for ODL.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests ODL.OL has a positive trend. |
| Stochastics (14,3) | 87.88 | OVERBOUGHT | The high Stochastics value suggests ODL.OL may be overbought. |
| Average True Range in percent/ATR (20) | 2.75 | MEDIUM VOLATILITY | The ATR as a percentage value for ODL.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 17.74 | NEGATIVE | The low ADX value for ODL.OL suggests a weak or negative trend. |
ODL.OL Chart- and CandleStick Pattern Analysis
ODL.OL Example Setup
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 |
|---|---|---|---|
| 101.61 | 98.89 | 2.72 (2.68%) | 25.00% |
| An entry @101.61. This is a Buy Stop order right above the 10 day high. | An exit @98.89. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.72 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.
ODL.OL Technicals: Chart, Performance Metrics, Trend & Indicators
OSL:ODL (4/1/2026, 7:00:00 PM)
101.4
-0.2 (-0.2%)
ODFJELL DRILLING LTD / ODL.OL TA FAQ
What is the technical rating for ODL stock?
ChartMill assigns a technical rating of 8 / 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 ODFJELL DRILLING LTD (ODL.OL) stock?
ODFJELL DRILLING LTD (ODL.OL) has an RSI value of 54.9988. This indicates that the stock is currently neutral.
What is the short term momentum for ODFJELL DRILLING LTD (ODL.OL) stock?
The short term momentum for ODFJELL DRILLING LTD (ODL.OL) is neutral.
What is the support and resistance level for ODL stock?
ODFJELL DRILLING LTD (ODL.OL) has a support level at 99.53. Check the full technical report for our detailed analysis of ODL.OL support and resistance levels.