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Archive
- 10/16/2026 -
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Old Dominion Freight Line (ODFL) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a fourth positive week after 6 consecutive negative weeks for the Old Dominion Freight Line (ODFL). During the week, the ODFL gained 5.75 points, or 3.16%, and closed at 187.72 on Friday, October 16, 2026. Weekly volume was -15% below average.
ODFL is a member of Trucking Industry. Trucking is the eighth 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 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 price is now at the 51.03% retracement level.
 Medium-term trend: [See ODFL medium-term trend chart]
A medium-term downtrend had started on June 9, 2026 at 252.03 and reached 169.65 on September 21, 2026. ODFL lost 82.38 points, or 32.69%, in 14 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 155.38 and resistance is at 205.21. 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 medium-term trend.
 Weekly Technical Indicators: [See ODFL weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 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, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
 Short-term trend: [See ODFL short-term trend chart]
A short-term uptrend had started on September 21, 2026 at 169.65 and reached 191.17 on October 16, 2026. ODFL gained -21.52 points, or -12.68%, in 25 days. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (187.01). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.
 Daily Technical Indicators: [See ODFL daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since September 21, 2026. This is an indication that the short-term trend is up.
Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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