SEADRILL LIMITED (SDRL) Stock Technical Analysis
NYSE:SDRL - New York Stock Exchange, Inc. - BMG7997W1029 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to SDRL. In the last year, SDRL was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
SDRL has only a medium technical rating, but it does show 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 30.58. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.70, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
27.44
2 important support areas can be observed.
- Support @28.70 from a trend line in the daily time frame.
- A support zone ranging from 27.72 to 28.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 30.58 to 31.03. 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 | 28.95 | NEGATIVE | SDRL has a low relative strength, it was outperformed by 71.05% 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) | 60.47 | NEUTRAL | The RSI value for SDRL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests SDRL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.14 | NEUTRAL | The Stochastics value for SDRL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.85 | MEDIUM VOLATILITY | The ATR as a percentage value for SDRL suggests some volalility. |
| Average Directional Index/ADX (14) | 31.49 | POSITIVE | The high ADX value value for SDRL 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 |
|---|---|---|---|
| 31.04 | 28.69 | 2.35 (7.57%) | 13.21% |
| An entry @31.04. This is a Buy Stop order right above the resistance zone. | An exit @28.69. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.35 points, which is 7.57%. | When investing 13.21% 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.
30.57
-0.46 (-1.48%)