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Archive
- 5/2/2025 -
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Old Dominion Freight Line (ODFL) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Old Dominion Freight Line (ODFL). During the week, the ODFL gained 11.31 points, or 7.71%, and closed at 158.01 on Friday, May 2, 2025. It was the best weekly gain since February 7, 2025. Weekly volume was 52% above average.
ODFL is a member of Trucking Industry. Trucking is the fifth most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See ODFL long-term trend chart]
A long-term downtrend had started on March 4, 2024 at 452.34 and reached 144.90 on April 25, 2025. ODFL lost 307.44 points, or 67.97%, in 59 weeks. The chart has formed a Rectangle chart pattern. The downtrend support line (177.16) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See ODFL medium-term trend chart]
A medium-term downtrend had started on November 11, 2024 at 233.30 and reached 144.90 on April 25, 2025. ODFL lost 88.40 points, or 37.89%, in 23 weeks. The price is now at the 14.83% retracement level.
 Weekly Technical Indicators: [See ODFL weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 7, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
Short-term trend: [See ODFL short-term trend chart]
A short-term downtrend had started on April 23, 2025 at 167.89 and reached 144.90 on April 25, 2025. ODFL lost 22.99 points, or 13.69%, in 2 days. The price is now at the 57.02% retracement level.
 Daily Technical Indicators: [See ODFL daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 21, 2025.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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