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OLD DOMINION FREIGHT LINE INC.
OLD DOMINION FREIGHT LINE INC.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: ODFL
ISIN:

OLD DOMINION FREIGHT LINE INC. - Daily - Technical analysis published on 12/01/2023 (GMT)

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  • Timeframe : Daily
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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

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

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.

Central Gaps

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:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

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:

Central Indicators

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:

Central Indicators

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard368.04372.47380.76385.19393.48397.91406.20
Camarilla385.56386.73387.89389.06390.23391.39392.56
Woodie369.98373.44382.70386.16395.42398.88408.14
Fibonacci372.47377.33380.33385.19390.05393.05397.91


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard384.11390.99397.66404.54411.21418.09424.76
Camarilla400.59401.84403.08404.32405.56406.80408.05
Woodie384.00390.94397.55404.49411.10418.04424.65
Fibonacci390.99396.17399.37404.54409.72412.92418.09


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard338.95357.92373.49392.46408.03427.00442.57
Camarilla379.56382.73385.89389.06392.23395.39398.56
Woodie337.25357.07371.79391.61406.33426.15440.87
Fibonacci357.92371.11379.27392.46405.65413.81427.00

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 : - 15 min delayed data - NASDAQ Stocks

News


The latest news and videos published on OLD DOMINION FREIGHT LINE INC. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

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