Diamond Offshore Drilling Inc.
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|It was the negative week for the Diamond Offshore Drilling Inc. (DO). During the week, the DO dropped -1.92 points, or -11.42%, and closed at 14.89 on Friday, February 09, 2018. Weekly volume was -12% below average. |
Long-term trend: [See DO long-term trend chart]
A long-term downtrend had started on February 4, 2013 at 76.85 and reached 10.06 on June 23, 2017. DO lost 66.79 points, or 86.91%, in 228 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (8.24) is broken. A broken support is considered to be a long-term bullish signal. 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 resistance line in a long-term trend.
Medium-term trend: [See DO medium-term trend chart]
A medium-term downtrend had started on January 12, 2018 at 20.41 and reached 14.23 on February 9, 2018. DO lost 6.18 points, or 30.28%, in 4 weeks. The price is now at the 10.68% retracement level.
Weekly Technical Indicators: [See DO weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 January 22, 2018 at 19.96 and reached 14.23 on February 9, 2018. DO lost 5.73 points, or 28.71%, in 18 days. The price is now at the 11.52% retracement level.
Daily Technical Indicators: [See DO daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Williams' Percentage Range or strongly oversold daily Lane's Stochastic. During the last week, daily 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, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since January 12, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
The distance between the Bollinger Bands is 140.70% higher then one year average. It indicates the period of high volatility of the stock price. 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.