OLD DOMINION FREIGHT LINE INC. - Daily - Technical analysis published on 07/11/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 152.59 USD
My targets
142.07 USD (-0.35%)
131.39 USD (-7.84%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on OLD DOMINION FREIGHT LINE INC. as long as the price remains well below 152.59 USD. The next bearish objective for sellers is set at 142.07 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 131.39 USD. If there is any crossing, the next objective would be the support located at 120.61 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
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
The OLD DOMINION FREIGHT LINE INC. price is 142.57 USD. The price is lower by -2.57% since the last closing and was traded between 142.28 USD and 147.74 USD over the period. The price is currently at +0.20% from its lowest and -3.50% from its highest.142.28
147.74
142.57
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
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 bearish trend. The signals given by moving averages are at 75% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 6 are neutral and 8 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 120.61 | 131.39 | 142.07 | 142.57 | 152.59 | 158.94 | 168.03 |
| Change (%) | -15.40% | -7.84% | -0.35% | - | +7.03% | +11.48% | +17.86% |
| Change | -21.96 | -11.18 | -0.50 | - | +10.02 | +16.37 | +25.46 |
| Level | Minor | Major | 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 | 143.98 | 144.68 | 145.51 | 146.21 | 147.04 | 147.74 | 148.57 |
| Camarilla | 145.91 | 146.05 | 146.19 | 146.33 | 146.47 | 146.61 | 146.75 |
| Woodie | 144.04 | 144.71 | 145.57 | 146.24 | 147.10 | 147.77 | 148.63 |
| Fibonacci | 144.68 | 145.27 | 145.63 | 146.21 | 146.80 | 147.16 | 147.74 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 142.89 | 145.36 | 147.70 | 150.17 | 152.51 | 154.98 | 157.32 |
| Camarilla | 148.72 | 149.16 | 149.60 | 150.04 | 150.48 | 150.92 | 151.36 |
| Woodie | 142.83 | 145.33 | 147.64 | 150.14 | 152.45 | 154.95 | 157.26 |
| Fibonacci | 145.36 | 147.20 | 148.33 | 150.17 | 152.01 | 153.14 | 154.98 |
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): | 45.58 | |
| MACD (12,26,9): | 1.3700 | |
| Directional Movement: | -1.55 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 146.71 | |
| Parabolic SAR (0,02-0,02-0,2): | 152.23 | |
| Elder Ray (13): | -0.88 | |
| Super Trend (3,10): | 140.02 | |
| Zig ZAG (10): | 142.57 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 40.16 | |
| TEMA (21): | 148.30 | |
| Williams %R (14): | -86.44 | |
| Chande Momentum Oscillator (20): | -3.40 | |
| Repulse (5,40,3): | -4.3500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 7.71 |
| MA7: | 147.73 | |
| MA20: | 144.88 | |
| MA50: | 143.38 | |
| MA100: | 146.39 | |
| MAexp7: | 146.30 | |
| MAexp20: | 145.08 | |
| MAexp50: | 144.32 | |
| MAexp100: | 143.90 | |
| Price / MA7: | -3.49% | |
| Price / MA20: | -1.59% | |
| Price / MA50: | -0.56% | |
| Price / MA100: | -2.61% | |
| Price / MAexp7: | -2.55% | |
| Price / MAexp20: | -1.73% | |
| Price / MAexp50: | -1.21% | |
| Price / MAexp100: | -0.92% |
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's Second Quarter 2019 Conference Call on the Internet
- Old Dominion Freight Line Supports American Red Cross Humanitarian Mission Through Disaster Responder Program
- Old Dominion Freight Line Donates 12,000 Baseballs to Pitch In For Baseball & Softball
- Old Dominion Freight Line Named to Forbes’ 2019 America’s Best Employer List
- OLD DOMINION FREIGHT LINE, INC. ANNOUNCES GENERAL RATE INCREASE
This member declared not having a position on this financial instrument or a related financial instrument.
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