Technical Analysis

Technical Analysis of ODFL Stock

Price Overview:

• Current Price: $165.13 (as of 2025-03-21)
• Volume: 3,630,657
• Pre-Market Change: -1.14%
• Regular Market Change: +2.54%

Technical Indicators:

• RSI: 44.71 (RSI_6), 38.17 (RSI_12), 38.05 (RSI_14)
• MACD: -6.96 (MACD_12_26_9), -0.48 (MACDh_12_26_9), -6.49 (MACDs_12_26_9)
• Stochastic Oscillator: 18.32 (StochK_14_3_3), 16.72 (StochD_14_3_3)
• Bollinger Bands:
  • Upper Band (20, 3): 192.09
  • Middle Band (20, 3): 171.09
  • Lower Band (20, 3): 150.09

Fibonacci Levels:

• Pivot: 168.21
• R1: 177.41
• S1: 159.01

Moving Averages:

• SMA_5: 163.40
• SMA_10: 165.20
• SMA_20: 171.09
• SMA_60: 182.96
• SMA_200: 192.35

Volume Analysis:

• The stock saw a significant increase in volume on 2025-03-21, suggesting potential trend reversal.

Candlestick Chart:

Bollinger Bands Analysis:

The stock is currently trading near the lower Bollinger Band, which may indicate it is undervalued. However, the narrowing bands suggest reduced volatility and a potential breakout.

MACD Analysis:

The MACD is slightly negative but close to the signal line, indicating a potential bullish crossover.

RSI Analysis:

The RSI is in a neutral zone, suggesting the stock is not oversold.

Fibonacci Levels:

The stock is trading below the pivot level of 168.21, which may act as resistance.

Moving Averages:

The stock is below the 20-day and 50-day SMAs, indicating a bearish trend.

Volume Spike:

The significant increase in volume on 2025-03-21 could indicate a potential trend reversal.

News Sentiment:

• FedEx's disappointing outlook caused a drop in their stock, but ODFL's recent financial results were better than expected, leading to a temporary price increase.
• Analysts have a "Hold" rating with a mean price target of $199, suggesting a 19.8% upside.
• Insider selling has increased, which may indicate a lack of confidence.

Conclusion:

Based on the technical analysis, it is recommended to HOLD ODFL stock at this time. The stock is below key moving averages, and while the RSI is not oversold, the MACD is nearing a bullish signal. Investors should monitor the price action around the Fibonacci pivot and SMA levels for further signals.

Disclaimer: This analysis does not constitute financial advice and should not be considered as a recommendation to buy or sell ODFL stock. Always do your own research or consult with a financial advisor before making investment decisions.