SEADRILL LIMITED (SDRL) Stock Technical Analysis
NYSE:SDRL - New York Stock Exchange, Inc. - BMG7997W1029 - Common Stock - Currency: USD
Overall SDRL gets a technical rating of 4 out of 10. SDRL performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, SDRL is a bad performer in the overall market: 74% of all stocks are doing better.
SDRL has an average volume of 1065740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
SDRL is an average performer in the Energy Equipment & Services industry, it outperforms 55% of 61 stocks in the same industry.
SDRL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SDRL is lagging the market.
In the last month SDRL has a been trading in the 27.40 - 31.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, SDRL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 29.97. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.87, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SDRL 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.
More info and screens
25.48
31.34
3 important support areas can be observed.
- A support zone ranging from 28.74 to 28.87. 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 27.72 to 28.09. 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 can see 2 important resistance areas.
- Resistance @29.97 from a trend line in the daily time frame.
- A resistance zone ranging from 30.50 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 | NEUTRAL | NEUTRAL | The short term trend for SDRL is neutral. |
| ChartMill Relative Strength | 26.61 | NEGATIVE | SDRL has a low relative strength, it was outperformed by 73.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SDRL is below a declining 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) | 51.87 | NEUTRAL | The RSI value for SDRL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests SDRL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.38 | NEUTRAL | The Stochastics value for SDRL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.08 | MEDIUM VOLATILITY | The ATR as a percentage value for SDRL suggests some volalility. |
| Average Directional Index/ADX (14) | 13.62 | NEGATIVE | The low ADX value for SDRL suggests a weak or negative 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)
29.19
+0.59 (+2.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg2.06%
1 Week0.55%
2 Weeks-1.52%
1 Month-4.7%
3 Month26.53%
6 Month-1.65%
12 Month-32.96%
2 Year-40%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.24
ATR(20)%4.08%
ATR Inc-19.27%
Range Today0.95
ADR(20)1.14
ADR(20)%3.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.61
Mansfield-1.54
10 Day High29.83
10 Day Low27.6
20 Day High31.5
20 Day Low27.4
52 Week High44.74
52 Week Low17.74
CS1 End28.87
CR1 Start29.97
Volume & EV
DER(3)5.09%
DER(5)-0.18%
Volume1.04M
Volume Incr10.83%
Vol(5)898.30K
Vol(50)1.07M