SEADRILL LIMITED (SDRL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SDRL - BMG7997W1029 - Common Stock
Taking everything into account, SDRL scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, SDRL is a bad performer.
Besides having an excellent technical rating, SDRL also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 31.35, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
28.12
4 important support areas can be observed.
- A support zone ranging from 30.70 to 31.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 29.91 to 29.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.19 from a horizontal line in the daily time frame.
- A support zone ranging from 28.40 to 28.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @32.79 from a horizontal line in the weekly time frame.
- Resistance @34.04 from a horizontal line in the daily time frame.
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 | 22.49 | NEGATIVE | SDRL has a low relative strength, it was outperformed by 77.51% 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) | UP | POSITIVE | The current price of SDRL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.21 | NEUTRAL | The RSI value for SDRL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests SDRL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.64 | NEUTRAL | The Stochastics value for SDRL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.71 | MEDIUM VOLATILITY | The ATR as a percentage value for SDRL suggests some volalility. |
| Average Directional Index/ADX (14) | 22.4 | 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 |
|---|---|---|---|
| 32.80 | 30.69 | 2.11 (6.43%) | 15.55% |
| An entry @32.80. This is a Buy Stop order right above the resistance zone. | An exit @30.69. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.11 points, which is 6.43%. | For a 1.00% total portfolio risk, you can invest 15.55% of your capital in this trade. |
- 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.
31.76
-1.24 (-3.76%)
SEADRILL LIMITED / SDRL FAQ
What is the ChartMill technical rating of SEADRILL LIMITED (SDRL) stock?
ChartMill assigns a technical rating of 7 / 10 to SDRL.
What is the trend direction for 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 52.2103. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for SEADRILL LIMITED?
The buy/sell signal for SEADRILL LIMITED (SDRL) is buy as both the short term and long term trends are positive.
What is the support and resistance level for SDRL stock?
SEADRILL LIMITED (SDRL) has a support level at 31.35 and a resistance level at 32.79. Check the full technical report for our detailed analysis of SDRL support and resistance levels.