Diamond Offshore Drilling Inc.
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|It was a second consecutive positive week for the Diamond Offshore Drilling Inc. (DO). During the week, the DO gained 0.43 points, or 2.24%, and closed at 19.60 on Friday, May 18, 2018. Weekly volume was -23% below average. |
DO is a member of Basic Materials Sector. Basic Materials is the most overbought sector. 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 DO long-term trend chart]
A long-term uptrend had started on June 23, 2017 at 10.06 and reached 20.41 on January 12, 2018. DO gained -10.35 points, or -102.88%, in 29 weeks. The price is now at the 7.83% retracement level.
Medium-term trend: [See DO medium-term trend chart]
A medium-term uptrend had started on February 15, 2018 at 13.64 and reached 20.24 on May 10, 2018. DO gained -6.60 points, or -48.39%, in 12 weeks. The price is now at the 9.70% retracement level.
Weekly Technical Indicators: [See DO weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since April 13, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
Short-term trend: [See DO short-term trend chart]
A short-term downtrend had started on May 10, 2018 at 20.24 and reached 18.76 on May 18, 2018. DO lost 1.48 points, or 7.31%, in 8 days. The price is now at the 56.76% retracement level.
Daily Technical Indicators: [See DO daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since May 10, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.