OLD DOMINION FREIGHT LINE INC. - Daily - Technical analysis published on 12/01/2023 (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:
Bullish
Underlying:
Slightly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 385.60 USD
My targets
415.61 USD (+4.63%)
435.47 USD (+9.63%)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade OLD DOMINION FREIGHT LINE INC. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 385.60 USD. The buyers' bullish objective is set at 415.61 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 435.47 USD. If there is a bearish break in the support located at 385.60 USD some indecision would arise.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3
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Additional analysis
Quotes
The OLD DOMINION FREIGHT LINE INC. price is 397.20 USD. On the day, this instrument gained +2.09% and was traded between 386.22 USD and 401.97 USD over the period. The price is currently at +2.84% from its lowest and -1.19% from its highest.386.22
401.97
397.20
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of OLD DOMINION FREIGHT LINE INC. in Daily shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
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 | 328.52 | 361.22 | 385.60 | 397.20 | 398.98 | 415.61 | 435.47 |
| Change (%) | -17.29% | -9.06% | -2.92% | - | +0.45% | +4.63% | +9.63% |
| Change | -68.68 | -35.98 | -11.60 | - | +1.78 | +18.41 | +38.27 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 368.04 | 372.47 | 380.76 | 385.19 | 393.48 | 397.91 | 406.20 |
| Camarilla | 385.56 | 386.73 | 387.89 | 389.06 | 390.23 | 391.39 | 392.56 |
| Woodie | 369.98 | 373.44 | 382.70 | 386.16 | 395.42 | 398.88 | 408.14 |
| Fibonacci | 372.47 | 377.33 | 380.33 | 385.19 | 390.05 | 393.05 | 397.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 384.11 | 390.99 | 397.66 | 404.54 | 411.21 | 418.09 | 424.76 |
| Camarilla | 400.59 | 401.84 | 403.08 | 404.32 | 405.56 | 406.80 | 408.05 |
| Woodie | 384.00 | 390.94 | 397.55 | 404.49 | 411.10 | 418.04 | 424.65 |
| Fibonacci | 390.99 | 396.17 | 399.37 | 404.54 | 409.72 | 412.92 | 418.09 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 338.95 | 357.92 | 373.49 | 392.46 | 408.03 | 427.00 | 442.57 |
| Camarilla | 379.56 | 382.73 | 385.89 | 389.06 | 392.23 | 395.39 | 398.56 |
| Woodie | 337.25 | 357.07 | 371.79 | 391.61 | 406.33 | 426.15 | 440.87 |
| Fibonacci | 357.92 | 371.11 | 379.27 | 392.46 | 405.65 | 413.81 | 427.00 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.08 | |
| MACD (12,26,9): | -0.6600 | |
| Directional Movement: | -5.25 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 394.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 406.71 | |
| Elder Ray (13): | -2.20 | |
| Super Trend (3,10): | 413.20 | |
| Zig ZAG (10): | 398.86 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 38.15 | |
| TEMA (21): | 396.16 | |
| Williams %R (14): | -30.91 | |
| Chande Momentum Oscillator (20): | -3.52 | |
| Repulse (5,40,3): | 3.7800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.18 |
| MA7: | 395.24 | |
| MA20: | 395.94 | |
| MA50: | 398.12 | |
| MA100: | 403.58 | |
| MAexp7: | 394.26 | |
| MAexp20: | 395.13 | |
| MAexp50: | 396.82 | |
| MAexp100: | 390.99 | |
| Price / MA7: | +0.50% | |
| Price / MA20: | +0.32% | |
| Price / MA50: | -0.23% | |
| Price / MA100: | -1.58% | |
| Price / MAexp7: | +0.75% | |
| Price / MAexp20: | +0.52% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +1.59% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on OLD DOMINION FREIGHT LINE INC. at the time of the analysis were 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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