SEADRILL LIMITED (SDRL) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:SDRL • BMG7997W1029
We assign a technical rating of 8 out of 10 to SDRL. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SDRL is only an average performer.
- The long and short term trends are both positive. This is looking good!
- SDRL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month SDRL has a been trading in the 32.85 - 40.16 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that SDRL is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- SDRL is part of the Energy Equipment & Services industry. There are 61 other stocks in this industry, SDRL did better than 43% of them.
Although SDRL has an excellent technical rating, it does not offer a high quality setup 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.
More info and screens
28.31
We found 5 important support areas.
- A support zone ranging from 36.06 to 36.12. 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 33.42 to 33.63. 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 31.69 to 32.07. 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.
- Support @28.60 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @38.69 from a horizontal line in the weekly 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 | 75.34 | POSITIVE | SDRL has a high relative strength, it outperformed 75.34% 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) | 63.83 | NEUTRAL | The RSI value for SDRL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests SDRL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.79 | NEUTRAL | The Stochastics value for SDRL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.43 | MEDIUM VOLATILITY | The ATR as a percentage value for SDRL suggests some volalility. |
| Average Directional Index/ADX (14) | 21.66 | NEUTRAL | The ADX value for SDRL suggests a possible start of a new trend. |
38.67
+1.41 (+3.78%)
SEADRILL LIMITED / SDRL FAQ
What is the technical rating for SDRL stock?
ChartMill assigns a technical rating of 8 / 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 63.8347. 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 0.191443, indicating a bearish trend.
What are the support and resistance levels for SEADRILL LIMITED (SDRL) stock?
SEADRILL LIMITED (SDRL) has a support level at 36.12 and a resistance level at 38.69. Check the full technical report for our detailed analysis of SDRL support and resistance levels.