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Takip Edin: @UscMarketsODFL Stock Forecast & Old Dominion Freight Chart Analysis
This article provides a detailed analysis of ODFL-Old Dominion Freight stock including a forecast for ODFL shares. It features Old Dominion Freight Line, Inc. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
ODFL Historical Data Review
ODFL Current Price Performance Analysis
The Old Dominion Freight - ODFL stock traded on the American stock market, on 06-05-2024, closed at 175.7$ with a %2.07 increased compared to the previous day.
In the last month, the price of ODFL changed by %-2.49 decreased in value, from 180.18 dollars on 05-06-2024 to 175.7 dollars, decreased.
Last year, the price of ODFL was 153.76 dollars on 06-06-2023, and changed by %14.27 increased in value, to 175.7 dollars increased within a year.
The price of Old Dominion Freight stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
ODFL with AI Stock Forecast & Price Target
On the ODFL chart Old Dominion Freight price was recorded as 175.7 Dollars on 06/05/2024.
The artificial intelligence's forecast on ODFL stock is as follows.
The artificial intelligence's prediction error margin for ODFL stock is high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Old Dominion Freight stock over the next 4 months is: 231.3 Dollars.
The commentary on ODFL stock Target Price: Highest: 261.176 Dollars is predicted.
The commentary on ODFL stock Target Price: Lowest: 192.69 Dollars is predicted.
Resistance Price where Old Dominion Freight stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 07-25-2024 | 218.331 |
| 10-03-2024 | 224.954 |
| 01-31-2025 | 261.176 |
| 02-10-2025 | 261.094 |
Support Price where Old Dominion Freight stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-29-2024 | 208.278 |
| 10-28-2024 | 219.998 |
| 02-05-2025 | 260.927 |
The commentary on ODFL stock: The target price can generally be said to be on the rise.
The commentary on ODFL stock: Fluctuations in the target price can be expected in the coming days.
The target price for Old Dominion Freight stock by the end of 2024 is predicted to be 245.553 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on ODFL stock, and the 2024 target price predictions for Old Dominion Freight are detailed above.
The technical analysis and charts for the commentary on ODFL stock are below.
ODFL Support & Resistance and Trend Analysis
ODFL stock you have reviewed the technical analysis support resistance charts regarding.
ODFL : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the ODFL review, the Old Dominion Freight support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Old Dominion Freight Support and Resistance Prices:
| ODFL Support Level Price | ODFL Resistance Level Price |
|---|---|
| 168.25 | 187.37 |
| 169.76 | 189.60 |
| 179.20 | 203.52 |
| 183.52 | 203.93 |
| 187.19 | 205.71 |
| 188.09 | 209.46 |
| 206.13 | 224.23 |
| 207.12 | 226.17 |
| 208.32 | 227.80 |
| 210.01 | |
| 211.88 |
ODFL Technical Analysis: SMA, RSI, MACD
Upon reviewing the ODFL chart, buy and sell signals have been generated in the Old Dominion Freight technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for ODFL stock are as follows:- ODFL technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Old Dominion Freight gave a 'Buy' signal when the RSI was at 29.051, with the current RSI value at 37.961.
- The technical analysis for ODFL indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for Old Dominion Freight issued a 'Buy' signal when the MACD was at -7.46, with the current MACD value being: -5.915
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Old Dominion Freight stock: Click here to read more predictions on IDEXX Laboratories stock.
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