ODFL Price Prediction Next Week
Based on the provided data and technical analysis, here's the prediction for ODFL's stock price next week:
Technical Analysis
- RSI(14) at 52.81 indicates neutral momentum, suggesting the stock is neither overbought nor oversold
- MACD at -1.44 shows bearish momentum in the short term
- Stock is trading below its 200-day SMA of $193.70, indicating a bearish long-term trend
- Currently trading around the 20-day SMA of $183.25, suggesting consolidation
News Sentiment Analysis
- Recent earnings showed weakness with Q3 2024 revenue declining 3% and net income dropping 9.1% year-over-year
- Analysts maintain a cautious "Hold" consensus rating, with mean price target of $201.31
- Stephens & Co. maintains an Overweight rating with $240 price target
- Company faces ongoing softness in domestic economy impacting LTL tonnage
Price Prediction for Next Week Based on Fibonacci levels and technical indicators:
- Support levels: $178.29 (S1), $174.20 (S2)
- Resistance levels: $191.53 (R1), $195.62 (R2)
- Pivot point: $184.91
Expected price movement:
- Most likely scenario (60% probability): Stock will trade between $178-$185, with limited upside due to weak economic conditions and bearish MACD
- Bearish scenario (25%): Break below $178 could see price test $174 support
- Bullish scenario (15%): Break above $185 could target $191 resistance
Trading Recommendation: SELL
- Current technical indicators and fundamental factors suggest downside risk outweighs upside potential
- Recommended to wait for price to stabilize above $185 before considering long positions
- Set stop loss at $174 if holding long positions
ODFL Similar Chart Price Prediction
The price of ODFL is predicted to go up -17.16%, based on the high correlation periods with AXGN. The similarity of these two price pattern on the periods is 97.73%.
ODFL
AXGN
Down: -17.16%Similarity: 97.73%
ODFL Revenue Forecast
ODFL EPS Forecast
ODFL FAQs
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ODFL VS S&P500
Given its capacity investment, Old Dominion is well positioned to take incremental market share as former Yellow freight gets shuffled around in the year ahead.
Yellow's bankruptcy tightened up the LTL industry supply/demand equation, strengthening Old Dominion's pricing power.
We expect Old Dominion's operational performance to continue to outperform its LTL peers in the years ahead on the back of unrivaled operational execution and diligent network investment.
ODFL Analyst's Forecast
J. Bruce Chan
Stifel
Hold
Price Target
$176 → $193
Upside
+0.76%
Stifel raised the firm's price target on Old Dominion to $193 from $176 and keeps a Hold rating on the shares. 2024 largely proved to be "the slow transition back to normalcy that we'd anticipated it being a year ago" and entering 2025 with earnings expectations reset lower and investors adjusted to this "new normal," the firm views transportation and logistics stock valuations as "unappreciative of the unique demand risks in today's supply-driven recovery," the analyst tells investors in a 2025 transportation outlook note.
Brandon Oglenski
Barclays
Hold
Price Target
$220 → $210
Upside
+10.79%
Ken Hoexter
B of A Securities
Hold
Price Target
$237 → $204
Upside
+7.41%