OLD DOMINION FREIGHT LINE INC. - Daily - Technical analysis published on 11/02/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 399.07 USD
My targets
361.22 USD (-7.19%)
328.52 USD (-15.59%)
My analysis
The strong short-term decline of OLD DOMINION FREIGHT LINE INC. reinforces the current slightly bearish trend. As long as the price remains below 399.07 USD, you could take advantage of this bearish acceleration. The first bearish objective is located at 361.22 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 328.52 USD as an objective. Crossing it would then enable sellers to target 297.78 USD. A return to above 399.07 USD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
1.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The OLD DOMINION FREIGHT LINE INC. price is 389.20 USD. On the day, this instrument lost -0.37% and was between 389.20 USD and 397.77 USD. This implies that the price is at 0% from its lowest and at -2.15% from its highest.389.20
397.77
389.20
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by OLD DOMINION FREIGHT LINE INC.:
Technical
A technical analysis in Daily of this OLD DOMINION FREIGHT LINE INC. chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 297.78 | 328.52 | 361.22 | 389.20 | 399.07 | 415.61 | 435.47 |
| Change (%) | -23.49% | -15.59% | -7.19% | - | +2.54% | +6.79% | +11.89% |
| Change | -91.42 | -60.68 | -27.98 | - | +9.87 | +26.41 | +46.27 |
| Level | Major | Minor | Major | - | Major | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 366.27 | 371.60 | 381.13 | 386.46 | 395.99 | 401.32 | 410.85 |
| Camarilla | 386.56 | 387.93 | 389.29 | 390.65 | 392.01 | 393.37 | 394.74 |
| Woodie | 368.36 | 372.65 | 383.22 | 387.51 | 398.08 | 402.37 | 412.94 |
| Fibonacci | 371.60 | 377.28 | 380.79 | 386.46 | 392.14 | 395.65 | 401.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 310.76 | 333.88 | 351.17 | 374.29 | 391.58 | 414.70 | 431.99 |
| Camarilla | 357.35 | 361.05 | 364.76 | 368.46 | 372.16 | 375.87 | 379.57 |
| Woodie | 307.85 | 332.42 | 348.26 | 372.83 | 388.67 | 413.24 | 429.08 |
| Fibonacci | 333.88 | 349.32 | 358.85 | 374.29 | 389.73 | 399.26 | 414.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 273.17 | 315.09 | 345.87 | 387.79 | 418.57 | 460.49 | 491.27 |
| Camarilla | 356.67 | 363.33 | 370.00 | 376.66 | 383.32 | 389.99 | 396.65 |
| Woodie | 267.61 | 312.31 | 340.31 | 385.01 | 413.01 | 457.71 | 485.71 |
| Fibonacci | 315.09 | 342.86 | 360.02 | 387.79 | 415.56 | 432.72 | 460.49 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.78 | |
| MACD (12,26,9): | -7.6900 | |
| Directional Movement: | -4.44 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 382.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 357.70 | |
| Elder Ray (13): | 5.85 | |
| Super Trend (3,10): | 413.20 | |
| Zig ZAG (10): | 390.30 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 41.22 | |
| TEMA (21): | 377.14 | |
| Williams %R (14): | -51.10 | |
| Chande Momentum Oscillator (20): | -27.33 | |
| Repulse (5,40,3): | -0.2300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2500 | |
| Courbe Coppock: | 16.28 |
| MA7: | 377.96 | |
| MA20: | 397.78 | |
| MA50: | 406.93 | |
| MA100: | 394.35 | |
| MAexp7: | 384.19 | |
| MAexp20: | 391.95 | |
| MAexp50: | 397.93 | |
| MAexp100: | 388.37 | |
| Price / MA7: | +2.97% | |
| Price / MA20: | -2.16% | |
| Price / MA50: | -4.36% | |
| Price / MA100: | -1.31% | |
| Price / MAexp7: | +1.30% | |
| Price / MAexp20: | -0.70% | |
| Price / MAexp50: | -2.19% | |
| Price / MAexp100: | +0.21% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on OLD DOMINION FREIGHT LINE INC. at the time of the generation of this analysis was as follows:
- Old Dominion Freight Line Reports Second Quarter 2023 Earnings Per Diluted Share of $2.65
- Old Dominion Freight Line Announces $0.40 Per Share Quarterly Cash Dividend
- Old Dominion Freight Line Releases 2022 ESG Report
- Old Dominion Freight Line to Webcast Second Quarter 2023 Conference Call
- Old Dominion Freight Line Provides Update for Second Quarter 2023
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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