DIAMOND OFFSHORE DRILLING INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	DO
ISIN:

DIAMOND OFFSHORE DRILLING INC. - Daily - Technical analysis published on 06/28/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Court terme: Neutral

De fond: Bearish

Technical indicators

56%

39%

My opinion

Bearish under 9.15 USD

My targets

7.39 USD (-13.06%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on DIAMOND OFFSHORE DRILLING INC.. As long as you are under the resistance located at 9.15 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 7.39 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. If the resistance 9.15 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Comment on the analysis

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.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

DIAMOND OFFSHORE DRILLING INC. rating 8.50 USD. The price registered a decrease of -0.82% on the session with the lowest point at 8.35 USD and the highest point at 8.67 USD. The deviation from the price is +1.80% for the low point and -1.96% for the high point.

8.35

8.67

8.50

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of DIAMOND OFFSHORE DRILLING INC. in Daily shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

In fact, 10 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	7.39	8.50	9.15	11.78	14.79
Change (%)	-13.06%	-	+7.65%	+38.59%	+74.00%
Change	-1.11	-	+0.65	+3.28	+6.29
Level	Major	-	Major	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.99	8.19	8.38	8.58	8.77	8.97	9.16
Camarilla	8.46	8.50	8.53	8.57	8.61	8.64	8.68
Woodie	7.99	8.19	8.38	8.58	8.77	8.97	9.15
Fibonacci	8.19	8.34	8.43	8.58	8.73	8.82	8.97

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.87	6.49	7.50	8.12	9.13	9.75	10.76
Camarilla	8.05	8.20	8.35	8.50	8.65	8.80	8.95
Woodie	6.05	6.59	7.68	8.22	9.31	9.85	10.94
Fibonacci	6.49	7.12	7.50	8.12	8.75	9.13	9.75

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):	50.13
MACD (12,26,9):	-0.1600
Directional Movement:	-2.46
AROON (14):	50.00
DEMA (21):	8.07
Parabolic SAR (0,02-0,02-0,2):	7.57
Elder Ray (13):	0.20
Super Trend (3,10):	8.90
Zig ZAG (10):	8.50
VORTEX (21):	1.0300
Stochastique (14,3,5):	80.75
TEMA (21):	8.30
Williams %R (14):	-16.87
Chande Momentum Oscillator (20):	0.26
Repulse (5,40,3):	-1.9300
ROCnROLL:	-1
TRIX (15,9):	-0.5200
Courbe Coppock:	3.71

MA7:	8.42
MA20:	8.20
MA50:	9.14
MA100:	9.83
MAexp7:	8.38
MAexp20:	8.37
MAexp50:	8.96
MAexp100:	9.89
Price / MA7:	+0.95%
Price / MA20:	+3.66%
Price / MA50:	-7.00%
Price / MA100:	-13.53%
Price / MAexp7:	+1.43%
Price / MAexp20:	+1.55%
Price / MAexp50:	-5.13%
Price / MAexp100:	-14.05%

News

Don"t forget to follow the news on DIAMOND OFFSHORE DRILLING INC.. At the time of publication of this analysis, the latest news was as follows:

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

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