September 19, 2021
  • September 19, 2021

Old Dominion Freight Lns ODFL Buy and Sell Signals

By on August 22, 2021 0

Source: Daily Stock Exchange Traders

Longer term trading plans for ODFL
  • Buy ODFL above 267.01 target 283.20 stop loss @ 266.24 Details
  • Summary technical data tells us to buy ODFL near 267.01 with an upside target of 283.20. This data also tells us to set a stop loss @ 266.24 to protect against an excessive loss in case the stock begins to move against trade. 267.01 is the first level of support below 282.51, and by rule, any test of support is a buy signal. In this case, 267.01 support is being tested, a buy signal would exist.

  • ODFL short under 283.20, target 267.01, stop loss @ 284.02 Details
  • Technical summary data suggests ODFL short sell as it approaches 283.20 with a downside target of 267.01. We should however have a stop loss in place at 284.02. 283.20 is the first resistance level above 282.51, and by rule, any resistance test is a short signal. In this case, if resistor 283.20 is tested, a short signal would exist.

Swing Trading Plans for ODFL
  • Buy ODFL Above 283.20, Target 283.55, Stop Loss @ 282.38 Details
  • If 283.20 starts to break higher, technical summary data tells us to buy ODFL just above 283.20, with a target upwards of 283.55. The data also tells us to set a stop loss @ 282.38 in case the stock turns against the trade. 283.20 is the first resistance level above 282.51, and by rule, any breakout above resistance is a buy signal. In this case 283.20 initial resistance would be breaking higher so a buy signal would exist. Because this plan is based on a resistance break, it is called a long resistance plan.

  • Short ODFL near 283.20, target 278.83, Stop Loss @ 284.02. Details
  • Technical summary data suggests a decline in ODFL if it tests 283.20 with a target of a decline of 278.83. We should have a stop loss in place at 284.02, in case the stock starts to move against the trade. Typically, any stress test is a short signal. In this case, if the resistance, 283.20, is tested, a short signal would exist. Because this plan is a short plan based on a stress test, it is called a short resistance plan.

Day Trading Packages for ODFL
  • Buy ODFL Above 283.20, Target 283.55, Stop Loss @ 282.54 Details
  • If 283.20 starts to break higher, technical summary data tells us to buy ODFL just above 283.20, with a target upwards of 283.55. The data also tells us to set a stop loss @ 282.54 in case the stock turns against the trade. 283.20 is the first resistance level above 282.51, and by rule, any breakout above resistance is a buy signal. In this case 283.20 initial resistance would be breaking higher so a buy signal would exist. Because this plan is based on a resistance break, it is called a long resistance plan.

  • Short ODFL near 283.20, target 282.07, Stop Loss @ 283.86. Details
  • Technical summary data suggests ODFL short if it tests 283.20 with a downside target of 282.07. We should have a stop loss in place at 283.86 in case the stock starts moving against the trade. Typically, any stress test is a short signal. In this case, if the resistance, 283.20, is tested, a short signal would exist. Because this plan is a short plan based on a stress test, it is called a short resistance plan.

ODFL Technical Summary | Raw data for trading plans

Term → Near Environment Long
Bias Neutral Strong Strong
P1 0 0 250.55
P2 277.97 278.83 267.01
P3 282.07 283.55 283.20


ODFL swing trading analysis for August 22, 2021


ODFL Day Trading analysis for August 22, 2021

Trade Old Dominion Freight Lns (NASDAQ: ODFL) can be rewarding as long as traders and investors observe important pivot points for the stock before making decisions to buy, sell, or short.

Warning:

This is a static report, the data below was valid at the time of publication, but the support and resistance levels for ODFL change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and stock market crash protection using Evitar Corte.

Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, if ODFL is testing the surface of support buy signals, and resistance is the target. Conversely, if resistance is tested, it is a sign of controlling risk or selling, and support would be the target on the downside accordingly. In each case, the trigger point is designed to be both a great place to take a position (avoid trading in the middle of a trading channel) and it also acts as a level of risk control.

Swing Trades, Day Trades and Longer Term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading and long term investment plans for ODFL as well. All these elements are proposed under the summary table.

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