ODFL Stock Tickeron detected bearish Stock Pattern: Broadening Bottom ODFL on April 24, 2024, netting in a 12.22% gain over 1 week

GET DAILY SIGNALS

Get AI intraday signals

ODFL - Old Dominion Freight Line

Ticker: ODFL

Company: Old Dominion Freight Line

Gain from shortening: +12.22%

Confirmed: 04/24/24

Succeeded: 04/26/24

Total length: 8 days

ODFL's RSI Indicator peaks and leaves overbought zone

The 10-day RSI Indicator for ODFL moved out of overbought territory on November 12, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 41 instances where the indicator moved out of the overbought zone. In of the 41 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 11 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ODFL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

ODFL broke above its upper Bollinger Band on November 06, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 01, 2024. You may want to consider a long position or call options on ODFL as a result. In of 87 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for ODFL just turned positive on October 29, 2024. Looking at past instances where ODFL's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .

ODFL moved above its 50-day moving average on October 25, 2024 date and that indicates a change from a downward trend to an upward trend.

The 50-day moving average for ODFL moved above the 200-day moving average on November 08, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ODFL advanced for three days, in of 353 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 322 cases where ODFL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 58, placing this stock better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. ODFL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: ODFL's P/B Ratio (11.429) is very high in comparison to the industry average of (2.922). P/E Ratio (39.061) is within average values for comparable stocks, (101.375). Projected Growth (PEG Ratio) (3.335) is also within normal values, averaging (2.340). Dividend Yield (0.004) settles around the average of (0.013) among similar stocks. P/S Ratio (8.210) is also within normal values, averaging (2.604).