The Greedy Trader Weekly Analysis
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Diamond Offshore Drilling Inc.
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Summary:
Weekly :Oversold sectorWilliams' Percentage Range is oversoldLane's Stochastic bullish divergencePrice is near the Fibonacci 61.8% retracement level
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineA Parabolic SAR indicator is below and near the priceThe period of high volatility of the stock price
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It was a first positive week after 5 consecutive negative weeks for the Diamond Offshore Drilling Inc. (DO). During the week, the DO gained 0.47 points, or 3.31%, and closed at 14.68 on Friday, November 09, 2018. It was the best weekly gain since September 28, 2018. Weekly volume was 66% above average.

DO is a member of Basic Materials Sector. Basic Materials is the most oversold 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 21.92 on June 28, 2018. DO gained -11.86 points, or -117.89%, in 52 weeks. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See DO medium-term trend chart]
A medium-term downtrend had started on October 9, 2018 at 20.85 and reached 13.56 on November 6, 2018. DO lost 7.29 points, or 34.96%, in 4 weeks. The price is now at the 15.36% retracement level.

Weekly Technical Indicators: [See DO weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 October 19, 2018. 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 DO short-term trend chart]
A short-term uptrend had started on November 6, 2018 at 13.56 and reached 14.85 on November 9, 2018. DO gained -1.29 points, or -9.51%, in 3 days. The price is now at the 13.18% retracement level.

Daily Technical Indicators: [See DO daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

A Parabolic SAR (stop and reversal) indicator (14.8) comes close to the price (14.68). It indicates that the trend is getting weaker. 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.

The distance between the Bollinger Bands is 141.19% 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.30
Williams' Percentage Range (W%R) 94.10
Strong Oversold
Lane's Stochastic (%D-Slow) 47.34
Greed/Fear Indicator (GFI) 26.16
Moving Average Converg./Diverg. (MACD) -1.12
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.03
Williams' Percentage Range (W%R) 95.70
Strong Oversold
Lane's Stochastic (%D-Slow) 33.02
Bullish
Greed/Fear Indicator (GFI) 28.18
Moving Average Converg./Diverg. (MACD) 0.10
Trading Signals
Description Value Chart
Upper Bollinger Band 19.29
50 Day Moving Average 17.42
20 Day Moving Average 15.69
Weekly Stochastic Crossing 15.09
Parabolic System 14.80
Price 14.68
Daily Stochastic Crossing 14.27
Lower Bollinger Band 11.91
Sector and Industry
Description Name Rank
Sector Basic Materials 1
Industry Oil & Gas Drilling/Explor 44
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 13.56
Low Date 11/06/2018
High 14.85
High Date 11/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 20.85
High Date 10/09/2018
Low 13.56
Low Date 11/06/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 21.92
High Date 06/28/2018
Low 13.56
Low Date 11/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 10.06
Low Date 06/23/2017
High 21.92
High Date 06/28/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 149.30
High Date 12/26/2007
Low 10.06
Low Date 06/23/2017
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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