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Downtrend ResistanceArchive
- 7/3/2025 -
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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 second consecutive positive week for the Old Dominion Freight Line (ODFL). During the week, the ODFL gained 7.35 points, or 4.49%, and closed at 171.03 on Thursday, July 3, 2025. It was the best weekly gain since May 16, 2025. ODFL was trading at average weekly trading volume.
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 (178.17) 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 price is near the trend resistance line (174.26). 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 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 uptrend had started on June 23, 2025 at 155.05 and reached 172.62 on July 3, 2025. ODFL gained -17.57 points, or -11.33%, in 10 days. The price is now at the 9.05% retracement level.
 Daily Technical Indicators: [See ODFL daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 and Williams' Percentage Range help.
The daily MACD line is above its signal line since June 26, 2025. This is an indication that the short-term trend is up.
 Candlestick pattern: [See ODFL candlestick chart pattern]
On Friday the chart has formed a Bearish Deliberation Candlestick pattern. This pattern occurs in an uptrend;it appears after a sustained upward move and suggests that the rally is losing strength and a reversal is possible. The reliability of the Bearish Deliberation pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Deliberation Candlestick pattern during the last week.
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