ODFJELL DRILLING LTD (ODL.OL) Stock Technical Analysis
Europe - Euronext Oslo - OSL:ODL - BMG671801022 - Common Stock
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.
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 83.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 80.93, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ODL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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74.55
3 important support areas can be observed.
- A support zone ranging from 78.80 to 80.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @77.50 from a horizontal line in the daily time frame.
- A support zone ranging from 75.30 to 75.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 83.71 to 84.10. 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 | 90.05 | POSITIVE | ODL.OL has a high relative strength, it outperformed 90.05% 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) | 58.7 | NEUTRAL | The RSI value for ODL.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests ODL.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.04 | NEUTRAL | The Stochastics value for ODL.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for ODL.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 19.16 | NEGATIVE | The low ADX value for ODL.OL suggests a weak or negative 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 |
|---|---|---|---|
| 84.11 | 78.79 | 5.32 (6.33%) | 15.81% |
| An entry @84.11. This is a Buy Stop order right above the resistance zone. | An exit @78.79. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.32 points, which is 6.33%. | When investing 15.81% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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 (11/28/2025, 7:00:00 PM)
83.7
+0.2 (+0.24%)
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 trend direction for ODL 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 58.7015. This indicates that the stock is currently neutral.
What is the MACD signal for ODL stock?
The MACD indicator for ODFJELL DRILLING LTD (ODL.OL) has a value of 0.31206, indicating a bearish trend.
What is the short term momentum for ODFJELL DRILLING LTD (ODL.OL) stock?
The short term momentum for ODFJELL DRILLING LTD (ODL.OL) is positive.