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Downtrend ExhaustionArchive
- 9/18/2026 -
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Old Dominion Freight Line (ODFL) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Old Dominion Freight Line (ODFL). During the week, the ODFL dropped -6.79 points, or -3.78%, and closed at 173.00 on Friday, September 18, 2026. ODFL was trading at average weekly trading volume.
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 chart has formed a Rising Wedge chart pattern. The uptrend support line (240.81) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ODFL may retest the broken support line. It is considered to be a resistance line now. 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 July 17, 2026 at 238.51 and reached 171.63 on September 18, 2026. ODFL lost 66.88 points, or 28.04%, in 9 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (173.34). 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 medium-term trend.
 Weekly Technical Indicators: [See ODFL weekly technical indicators chart]
Weekly Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index or strongly oversold weekly Williams' Percentage Range and 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range 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 near its 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 ODFL short-term trend chart]
A short-term downtrend had started on September 8, 2026 at 188.91 and reached 171.63 on September 18, 2026. ODFL lost 17.28 points, or 9.15%, in 10 days. The price is now at the 7.93% retracement level.
 Daily Technical Indicators: [See ODFL daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is below its signal line since July 27, 2026. 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.
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