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Archive
- 6/6/2025 -
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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 first positive week for the Old Dominion Freight Line (ODFL). During the week, the ODFL climbed 0.16 points, or 0.10%, and closed at 160.33 on Friday, June 6, 2025. Weekly volume was -16% below average.
ODFL is a member of Industrials Sector. Industrials 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 ODFL long-term trend chart]
A long-term downtrend had started on March 4, 2024 at 452.34 and reached 144.90 on April 25, 2025. ODFL lost 307.44 points, or 67.97%, in 59 weeks. The chart has formed a Rectangle chart pattern. The downtrend support line (177.74) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 November 11, 2024 at 233.30 and reached 144.90 on April 25, 2025. ODFL lost 88.40 points, or 37.89%, in 23 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 134.21 and resistance is at 180.95. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See ODFL weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since May 9, 2025. The distance between MACD and the signal line is low, but getting bigger. 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 May 12, 2025 at 176.85 and reached 157.26 on June 2, 2025. ODFL lost 19.59 points, or 11.08%, in 21 days. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (160.91). 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 technical indicators are neutral.
The daily MACD line is below its signal line since May 23, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
Price is close to the 50 Day Moving Average. 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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