SEADRILL LIMITED (SDRL) Stock Technical Analysis
NYSE:SDRL - New York Stock Exchange, Inc. - BMG7997W1029 - Common Stock - Currency: USD
Taking everything into account, SDRL scores 6 out of 10 in our technical rating. SDRL has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
73% of all other stocks performed better in the past year than SDRL.
SDRL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
SDRL has an average volume of 1039530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SDRL is part of the Energy Equipment & Services industry. There are 62 other stocks in this industry, SDRL did better than 60% of them.
In the last month SDRL has a been trading in the 25.48 - 31.73 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SDRL has an average technical rating and the quality of the presented setup is also not ideal 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
25.48
31.23
2 important support areas can be observed.
- A support zone ranging from 28.03 to 28.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @25.74 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 30.38 to 30.92. 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 | NEUTRAL | NEUTRAL | The long term trend for SDRL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SDRL is up. |
| ChartMill Relative Strength | 27.42 | NEGATIVE | SDRL has a low relative strength, it was outperformed by 72.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SDRL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SDRL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SDRL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.81 | NEUTRAL | The RSI value for SDRL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests SDRL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.62 | NEUTRAL | The Stochastics value for SDRL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.69 | MEDIUM VOLATILITY | The ATR as a percentage value for SDRL suggests some volalility. |
| Average Directional Index/ADX (14) | 29.32 | POSITIVE | The high ADX value value for SDRL 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)
29.42
+1.45 (+5.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg5.18%
1 Week2.26%
2 Weeks-2.71%
1 Month10.39%
3 Month42.68%
6 Month-22.07%
12 Month-46.57%
2 Year-39.85%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.15
ATR(20)%3.69%
ATR Inc5.61%
Range Today1.54
ADR(20)1.07
ADR(20)%3.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.42
Mansfield-1.79
10 Day High31.73
10 Day Low27.71
20 Day High31.73
20 Day Low25.48
52 Week High55.9
52 Week Low17.74
CS1 End28.37
CR1 Start30.38
Volume & EV
DER(3)2.1%
DER(5)1.89%
Volume912.30K
Volume Incr-49.5%
Vol(5)681.74K
Vol(50)1.04M