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Archive
- 9/4/2026 -
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Old Dominion Freight Line (ODFL) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Old Dominion Freight Line (ODFL). During the week, the ODFL dropped -12.76 points, or -6.42%, and closed at 185.87 on Friday, September 4, 2026. On Friday ODFL has reached 183.32 - the lowest level since March 27, 2026. It was the worst weekly loss since July 31, 2026. Weekly volume was 20% above average.
 Long-term trend: [See ODFL long-term trend chart]
A long-term uptrend had started on November 20, 2025 at 126.01 and reached 252.03 on June 9, 2026. ODFL gained -126.02 points, or -100.01%, in 28 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (235.76) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ODFL may retest the broken support line. It is considered to be a resistance line now. 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 June 9, 2026 at 252.03 and reached 179.34 on September 3, 2026. ODFL lost 72.69 points, or 28.84%, in 12 weeks. The price is now at the 8.98% retracement level.
 Weekly Technical Indicators: [See ODFL weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 July 24, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 July 17, 2026 at 238.51 and reached 179.34 on September 3, 2026. ODFL lost 59.17 points, or 24.81%, in 48 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 178.08 and resistance is at 200.24. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See ODFL daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following link to access Relative Strength Index help.
The daily MACD line is below its signal line since July 27, 2026. This is an indication that the short-term trend is down.
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