OLD DOMINION FREIGHT LINE INC. - Daily - Technical analysis published on 09/26/2019 (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:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 168.03 USD
My targets
174.62 USD (+0.80%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on OLD DOMINION FREIGHT LINE INC. as long as the price remains well above 168.03 USD. The buyers” bullish objective is set at 174.62 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.7
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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. rating is 173.24 USD. The price registered an increase of +3.26% on the session and was between 167.37 USD and 174.22 USD. This implies that the price is at +3.51% from its lowest and at -0.56% from its highest.167.37
174.22
173.24
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
Here is a more detailed summary of the historical variations registered by OLD DOMINION FREIGHT LINE INC.:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of OLD DOMINION FREIGHT LINE INC. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a moderate bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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 several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 142.24 | 158.94 | 168.03 | 173.24 | 174.62 |
| Change (%) | -17.89% | -8.25% | -3.01% | - | +0.80% |
| Change | -31.00 | -14.30 | -5.21 | - | +1.38 |
| Level | Intermediate | Major | Major | - | 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 | 161.32 | 164.43 | 166.10 | 169.21 | 170.88 | 173.99 | 175.66 |
| Camarilla | 166.46 | 166.89 | 167.33 | 167.77 | 168.21 | 168.65 | 169.08 |
| Woodie | 160.60 | 164.07 | 165.38 | 168.85 | 170.16 | 173.63 | 174.94 |
| Fibonacci | 164.43 | 166.26 | 167.38 | 169.21 | 171.04 | 172.16 | 173.99 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 162.01 | 165.63 | 167.64 | 171.26 | 173.27 | 176.89 | 178.90 |
| Camarilla | 168.10 | 168.62 | 169.13 | 169.65 | 170.17 | 170.68 | 171.20 |
| Woodie | 161.21 | 165.23 | 166.84 | 170.86 | 172.47 | 176.49 | 178.10 |
| Fibonacci | 165.63 | 167.78 | 169.11 | 171.26 | 173.41 | 174.74 | 176.89 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 141.55 | 149.23 | 156.50 | 164.18 | 171.45 | 179.13 | 186.40 |
| Camarilla | 159.65 | 161.02 | 162.39 | 163.76 | 165.13 | 166.50 | 167.87 |
| Woodie | 141.34 | 149.13 | 156.29 | 164.08 | 171.24 | 179.03 | 186.19 |
| Fibonacci | 149.23 | 154.94 | 158.47 | 164.18 | 169.89 | 173.42 | 179.13 |
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): | 59.58 | |
| MACD (12,26,9): | 2.3000 | |
| Directional Movement: | 2.17 | |
| AROON (14): | 14.28 | |
| DEMA (21): | 172.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 176.05 | |
| Elder Ray (13): | 0.37 | |
| Super Trend (3,10): | 160.31 | |
| Zig ZAG (10): | 173.24 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 63.73 | |
| TEMA (21): | 172.36 | |
| Williams %R (14): | -19.03 | |
| Chande Momentum Oscillator (20): | 6.23 | |
| Repulse (5,40,3): | 1.5700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2200 | |
| Courbe Coppock: | 9.83 |
| MA7: | 171.43 | |
| MA20: | 168.62 | |
| MA50: | 165.44 | |
| MA100: | 154.34 | |
| MAexp7: | 171.10 | |
| MAexp20: | 169.30 | |
| MAexp50: | 164.32 | |
| MAexp100: | 158.32 | |
| Price / MA7: | +1.06% | |
| Price / MA20: | +2.74% | |
| Price / MA50: | +4.71% | |
| Price / MA100: | +12.25% | |
| Price / MAexp7: | +1.25% | |
| Price / MAexp20: | +2.33% | |
| Price / MAexp50: | +5.43% | |
| Price / MAexp100: | +9.42% |
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 Third Quarter 2019 Conference Call On The Internet
- Old Dominion Freight Line Provides Update for Third-Quarter 2019
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
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