SEADRILL LIMITED (SDRL)       37.74  +0.44 (+1.18%)

37.74  +0.44 (+1.18%)

BMG7997W1029 - Common Stock

Technical Rating

3

Taking everything into account, SDRL scores 3 out of 10 in our technical rating. In the last year, SDRL was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.



The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
SDRL is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month SDRL has a been trading in the 33.78 - 44.18 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
When comparing the yearly performance of all stocks, SDRL is a bad performer in the overall market: 100% of all stocks are doing better.
SDRL is part of the Energy Equipment & Services industry. There are 91 other stocks in this industry, of which 100% are performing better than SDRL.

Statistics

1 Month 3 Months 6 Months 12 Months -3.85% 21.12% 0.00% 0.00% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 0 24.51 - 45.48
SDRL Weekly chart
SDRL Daily chart

Support/Resistance Analysis


34.00

45.28
We found 1 important support area.
  • A support zone ranging from 34.34 to 34.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
  • A resistance zone ranging from 37.75 to 37.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @44.83 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

4

SDRL has a poor technical rating and the quality of the setup is also not perfect 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.


SDRL Daily chart

SEADRILL LIMITED37.74

NYSE:SDRL (3/24/2023, 8:04:01 PM)+0.44 (+1.18%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
Today1.18%
1 Week9.87%
2 Weeks-3.48%
1 Month-3.85%
3 Month21.12%
6 MonthN/A
Volatility
ATR(14)2.22
ATR(20)%5.6%
ATR Inc1.47%
Range Today1.84
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRSN/A
Mansfield-30
10 Day High39.28
10 Day Low33.78
20 Day High44.18
20 Day Low33.78
52 Week High45.48
52 Week Low24.51
CS1 End34.78
CR1 Start37.75
Volume & EV
DER(3)1.64%
DER(5)-2.13%
Volume128.90K
Volume Incr-37.94%
Vol(5)182.50K
Vol(50)383.91K

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