SEADRILL LIMITED (SDRL) Technical Analysis
NYSE:SDRL • BMG7997W1029
We assign a technical rating of 10 out of 10 to SDRL. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SDRL is showing a nice and steady performance.
- 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 SDRL is one of the better performing stocks in the market, outperforming 92% of all stocks. On top of that, SDRL also shows a nice and consistent pattern of rising prices.
- SDRL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SDRL is lagging the market slightly.
- In the last month SDRL has a been trading in the 40.16 - 45.90 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- SDRL is part of the Energy Equipment & Services industry. There are 60 other stocks in this industry, SDRL did better than 67% of them.
SDRL has an excellent technical rating and 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 43.09. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 42.68, a Stop Loss order could be placed below this zone.
More info and screens
27.44
When analyzing the support we can see 5 important areas.
- A support zone ranging from 42.01 to 42.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @33.86 from a trend line in the weekly time frame.
- Support @30.70 from a trend line in the daily time frame.
- Support @28.60 from a horizontal line in the daily time frame.
- Support @27.72 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 43.09 to 44.22. This zone is formed by a combination of multiple trend lines and important moving averages 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 SDRL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SDRL is up. |
| ChartMill Relative Strength | 92.57 | POSITIVE | SDRL has a high relative strength, it outperformed 92.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SDRL is below 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) | UP | POSITIVE | The current price of SDRL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.32 | NEUTRAL | The RSI value for SDRL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.4 | NEGATIVE | The MACD value suggests SDRL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.27 | NEUTRAL | The Stochastics value for SDRL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.61 | MEDIUM VOLATILITY | The ATR as a percentage value for SDRL suggests some volalility. |
| Average Directional Index/ADX (14) | 20.52 | NEUTRAL | The ADX value for SDRL suggests a possible start of a new 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 |
|---|---|---|---|
| 44.23 | 42.00 | 2.23 (5.04%) | 19.83% |
| An entry @44.23. This is a Buy Stop order right above the resistance zone. | An exit @42.00. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.23 points, which is 5.04%. | When investing 19.83% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of SDRL. 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.
SDRL Technicals: Chart, Performance Metrics, Trend & Indicators
42.94
+0.08 (+0.19%)
SEADRILL LIMITED / SDRL FAQ
What is the technical rating for SDRL stock?
ChartMill assigns a technical rating of 10 / 10 to SDRL.
What is the current trend direction of SEADRILL LIMITED (SDRL) stock?
The current trend direction for SEADRILL LIMITED (SDRL) is Bullish.
What is the RSI signal for SEADRILL LIMITED (SDRL) stock?
SEADRILL LIMITED (SDRL) has an RSI value of 54.3186. This indicates that the stock is currently neutral.
What is the MACD signal for SDRL stock?
The MACD indicator for SEADRILL LIMITED (SDRL) has a value of -0.398127, indicating a bearish trend.
What are the support and resistance levels for SEADRILL LIMITED (SDRL) stock?
SEADRILL LIMITED (SDRL) has a support level at 42.68 and a resistance level at 43.09. Check the full technical report for our detailed analysis of SDRL support and resistance levels.