ADNOC Drilling Potential Reversal from Demand ZoneADNOC Drilling bouncing from a 1H DZ, and rejected the Daily trend line, this is a good indication for upward momentum, after disappointing Earnings but positive 11% revenue higher than estimates.
Enter around 5.58 with potential target at 6 (Supply Zone)
SL 5.44 (base of the 1H demand zone and u
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0.30 AED
4.79 B AED
14.82 B AED
2.64 B
About ADNOC Drilling Company PJSC
Sector
Industry
CEO
Abdulrahman Abdulla Al Seiari
Website
Headquarters
Abu Dhabi
Founded
1972
ISIN
AEA007301012
FIGI
BBG012DZVJR7
ADNOC Drilling Co. PJSC engages in the provision of drilling rigs and associated services. It operates through the following segments: Onshore, Offshore Jackup, Offshore Island, and Oilfield Services (OFS). The Onshore segment includes land rigs, water wells, and work over rigs deployed mainly across ADNOC Onshore. The Offshore Jackup segment owns jackups and some rentals predominantly meeting the ADNOC Offshore drilling needs. The Offshore Island segment represents the Island part of ADNOC Offshore's requirement. The OFS segment offers other services. The company was founded in 1972 and is headquartered in Abu Dhabi, the United Arab Emirates.
Adnoc Drilling is near a tough resistance zoneWeekly chart, the stock ADX:ADNOCDRILL has been trading in a rising channel since March 2022.
The current price is near the upper channel's boundary (resistance line R).
So, either a breakout around 4.85 - 4.90, or a rebound.
Closing below 4.40 for 2 weeks, will push the price downwards.
Abov
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As you can see on the chart, the price has just reached the Rejection Block this week and pulled back on it to give us a confirmation that the
ADNOCDRILL in accumulation phase? ADNOCDRILL currently retesting a very strong support of 3.78-3.83 levels
It has been doing that from multiple days now and we need to wait and see if it use this support level to make a new move going up or falls further to next support levels . Going further down will break the initial bull run
See all ideas
Summarizing what the indicators are suggesting.
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An aggregate view of professional's ratings.
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Frequently Asked Questions
The current price of ADNOCDRILL is 4.88 AED — it has increased by 0.62% in the past 24 hours. Watch ADNOC Drilling Company PJSC stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on ADX exchange ADNOC Drilling Company PJSC stocks are traded under the ticker ADNOCDRILL.
ADNOCDRILL stock has risen by 0.41% compared to the previous week, the month change is a −6.69% fall, over the last year ADNOC Drilling Company PJSC has showed a 25.77% increase.
We've gathered analysts' opinions on ADNOC Drilling Company PJSC future price: according to them, ADNOCDRILL price has a max estimate of 6.91 AED and a min estimate of 5.02 AED. Watch ADNOCDRILL chart and read a more detailed ADNOC Drilling Company PJSC stock forecast: see what analysts think of ADNOC Drilling Company PJSC and suggest that you do with its stocks.
ADNOCDRILL reached its all-time high on Feb 11, 2025 with the price of 6.01 AED, and its all-time low was 2.82 AED and was reached on Oct 6, 2021. View more price dynamics on ADNOCDRILL chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
ADNOCDRILL stock is 1.24% volatile and has beta coefficient of 0.94. Track ADNOC Drilling Company PJSC stock price on the chart and check out the list of the most volatile stocks — is ADNOC Drilling Company PJSC there?
Today ADNOC Drilling Company PJSC has the market capitalization of 77.58 B, it has decreased by −0.61% over the last week.
Yes, you can track ADNOC Drilling Company PJSC financials in yearly and quarterly reports right on TradingView.
ADNOC Drilling Company PJSC is going to release the next earnings report on May 7, 2025. Keep track of upcoming events with our Earnings Calendar.
ADNOCDRILL earnings for the last quarter are 0.092 AED per share, whereas the estimation was 0.078 AED resulting in a 18.51% surprise. The estimated earnings for the next quarter are 0.075 AED per share. See more details about ADNOC Drilling Company PJSC earnings.
ADNOC Drilling Company PJSC revenue for the last quarter amounts to 4.37 B AED, despite the estimated figure of 3.89 B AED. In the next quarter, revenue is expected to reach 4.06 B AED.
ADNOCDRILL net income for the last quarter is 1.47 B AED, while the quarter before that showed 1.23 B AED of net income which accounts for 19.17% change. Track more ADNOC Drilling Company PJSC financial stats to get the full picture.
ADNOC Drilling Company PJSC dividend yield was 3.39% in 2024, and payout ratio reached 60.45%. The year before the numbers were 4.35% and 69.37% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. ADNOC Drilling Company PJSC EBITDA is 7.35 B AED, and current EBITDA margin is 49.57%. See more stats in ADNOC Drilling Company PJSC financial statements.
Like other stocks, ADNOCDRILL shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade ADNOC Drilling Company PJSC stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So ADNOC Drilling Company PJSC technincal analysis shows the sell today, and its 1 week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating ADNOC Drilling Company PJSC stock shows the buy signal. See more of ADNOC Drilling Company PJSC technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.