$ODFL with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NASDAQ:ODFL after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 33.33%.
0A7P trade ideas
LONG SWINGTRADE - Old Dominion Freight Line, Inc.Old Dominion Freight Line, Inc.
(ODFL) is an American regional, inter-regional and national less than truckload shipping (LTL) company. In addition to its core LTL services, the company offers expedited, logistics and household moving services.
Today OD has grown to more than 250 locations, 23,000 employees with more than 11,000 trucks.
What Is Flowing With The Market? We have all heard that it is a good idea to go with the flow of the market but what does that look like? It's not enough to just read about flowing with the market, it must be practiced and experienced. We must acquire the skill of following markets up and down through its changes seamlessly.
A disciplined trading plan will have an objective method and will objectively define entry, stop, exit, and management. Part of any good method is never wondering if the market is going up or down or about to turn, It's doing what it's doing. You want to independently know this information without having to check outside sources.
In the video, I show a simple way to practice using a 100-period moving average, but you can use anything you want as long as it is objective and follows the market. With just a few rules we can use the moving average to tell us if the market is up and we are looking for longs, or if the market is down and we are looking for shorts, or if it's neutral and we are neutral. This is a letting go practice, a learning to change with change.
Shane
ODFL LOOKING GOOD TO LONGThe ODFL stock looks ready to break the weekly convergence, notice the low volumes in the trend correction and the continuous rising trend, waiting for a breakout and entry after the possible breakout that will happen in the US interest rate decision
ODFLPotential buy/long.
Old Dominion Freight Line, Inc. is an American regional, inter-regional and national less than truckload shipping company. In addition to its core LTL services, the company offers expedited, logistics and household moving services.
ODFL: Buy PotentialPrice climbing back inside the rising trend line with positive analyst expectations. Areas plotted to look out for, combined with daily and weekly moving averages to be used as S/R confluences.
ODLF outlookThe price were actually been consolidating for a while as you can see in the charts its a bit trendless and there is a potential for it right now to go bullish breakout the price are a bit above on kijun-sen while tenken sen is pointing upwards ready to cross the kijun sen and follow the price meanwhile as you can it was inside the cloud so there may be a bit volatility throughout the development of the stock
Trucking stocks move! LONG!!!Buy the strong ones. This is a good chance to move your account by 7 - 15% in a month!! with a risk of about 3%
NASDAQ:ODFL NASDAQ:SAIA NYSE:TFII NASDAQ:ARCB
Reasoning
Whole Industry is moving!
Consolidation seems done
Correction is not overextended
Good Relative Strength
Great earnings
RSI tested bullish range multiple times
Multiple Bullish Days
Always try to use 2 timeframes
My Would Be Trade Plan
- Try to get into 3 stocks in the sector that are moving. You MUST enter the leading stock because the leading stock always moves 50% more than the second stock in sector
- Initially risk 0.75% and then double position once stock moves 5% in your favour. (1.5% position)
- If Position moves 20% in less than 15 bars, sell at 7ATR from initial buy ELSE Sell at 4ATR from initial buy
- Raise stop to entry when stock is 10% in your favour
- If, you have doubled position. Exit if stop closes below initial buy! Else keep original stop
Main Sources of My Knowledge
Mark Minervini
Constance Brown
William O'neil
Speakers on Trader Lion Youtube
Adam Khoo
My Indicators
14 Period MFI.
13SMA and 33EMA Moving Averages added
Composite by Constance Brown
This is for catching failures in the RSI.
The RSI is a bounded indicator so sometimes fails to catch divergences. This indicator helps show that
Composite Settings
Author : Constance Brown (Connie Brown)
RSI Length : 14
RSI Momentum Length : 9
SMA Length : 3
Fast Simple Moving Average : 13
Slow Exponential Moving Average : 33
ODFL WCA - Cup and HandleCompany: Old Dominion Freight Line, Inc.
Ticker: ODFL
Exchange: NASDAQ
Sector: Industrials
Introduction:
Today we are studying Old Dominion Freight Line, Inc. (ODFL) listed on the NASDAQ, a well-regarded player in the industrials sector. The weekly chart is indicating a possible bullish continuation based on a classic Cup and Handle pattern that has been forming over the past 608 days.
Cup and Handle Pattern:
The Cup and Handle is a bullish continuation or reversal pattern that mimics a teacup with a handle on the right side. It's defined by a rounded bottom, followed by a minor pullback that forms the handle.
Analysis:
The previous trend for ODFL was in an upward direction, which was interrupted by a consolidation phase that manifested as a Cup and Handle pattern, potentially indicating continuation of the bullish trend. The so-called "lip" or the horizontal resistance of the pattern is at 374.41.
The price is significantly above the 200-day exponential moving average (EMA), reinforcing the bullish sentiment. Notably, two weekly candles have successfully closed above the resistance level.
Conclusion:
In light of the successful close of the candles above the resistance, a long position might be considered. In the event of a successful bullish continuation, the price target is projected to be at 515.51, which corresponds to a potential rise of around 30%.
Remember, this analysis should be part of a broader market research and risk management strategy and is not direct trading advice.
If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading!
Best regards,
Karim Subhieh
Disclaimer: This analysis is for educational purposes only and is not financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
ODFL Long IdeaI like ODFL long from the grey box. Targets would be the recent high and Fib extensions. Short term stop below box and longer term stop below the 186 Fib RT.
$ODFL Dragon Head Setup$ODFL in Trucking has that dragon head setup look to it. 🐉🐲
$360 area is weekly support that didn't hold. Watching to see how it builds back up to that supply.
$ODFL with a bullish outlook following its earnings #Stocks The PEAD projected a bullish outlook for $ODFL after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 44.44%.
$ODFL with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ODFL after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 60%.
ODFL.NAS_Bearish Pullback Trade_ShortENTRY: 268.72
SL: 291.45
TP1: 256.98
TP2: 246.65
- ADX>20
- Daily RS -ve
- Daily FFI +ve
- Weekly RS -ve
- Weekly FFI -ve
- Short-term downtrending stock.
- EMAs are aligned.
- Stoch RSI still above overbought area and waiting for it to cross down 70.
- Price pulled back to 20EMA and seems to reject support turn resistance area and monthly CPR since 20 Apr 2022.
- Entry based on initial >3% bounce from 10/20EMA.
- Would like a better closing.
ODFL LONG SETUPMarket just finished 1-5 Elliot Wave Theory Upwards and is on it's way to complete ABC Correction to the opposite direction, we are expecting market to bounce at 235 zone because it is 38.2% fib zone, and an institutional candle zone, after the bounce we are expecting price to reach our target which is at B point of an ABC correction.
Entry: 235
Invalidation: 222
Target: 329
ODFL - Have we found support of the descending channel?Not sure, but it found Log chart parallel channel support.
Goodluck, earnings in about 15 sessions.
ODFL offering another great entry before the next leg higher!* Great earnings
* Very strong up trend
* High 3-month relative strength in the Industrial sector
* I last mentioned ODFL when it was about to break out from $304.22 and it has since then moved higher.
* Even as the industrial sector was hit hard in the past week ODFL managed to consolidate maintaining its volume.
* This indicates that institutions are very interested in this stock.
* If the market is rebounding now, we can expect ODFL to continue higher.
Trade Idea:
* Now's a great time to enter as it's bouncing off of support but hasn't moved too far up.
* If you're looking for a slight discount you may look for an entry near the $349.21 area.
ODFL looking to make new all time highs?* Exceptional earnings year-over-year
* Very strong up trend
* Looking to break out of a ~2 month consolidation
Trade Idea:
* Look for a daily break and close above $304.20 before entering.
* Make sure that the break is with higher than average volume
ODFL Sure Looks ToppyI'm calling a top here. Super over-extended. P/E is bonkers for a trucking company. Expecting this to cool down very soon. Forming a hanging man candle at the top of the trend resistance today..
Not the popular thing to do.
Near Term price target of $255-$250
Medium Term price target of $235-$230.
(Opinion Only)
Buy - $ODFL - Old Dominion Freight LineBuy signal generated, price holding above 200ma
Entry @ market price
S/L 160
T/P TBC
Old Dominion finds Bullish Trend in EMAI think we might be able to observe a nice runup in this freight co.
