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DO climbs to highest close since January 26th

Technical Analysis Report for DO - Apr 16, 2018 [< 1 min read]
DO finds buyers at key support level
DO closes higher for the 6th day in a row
DO pushes through previous session high
DO rises to highest close since January 26th
TQ Sentiment
Technical Forecast:

Moving higher for the 6th day in a row, DO ended Monday at 18.71 gaining $0.19 (1.03%) on low volume. Today's closing price of 18.71 marks the highest close since January 26th. Closing above Friday's high at 18.63, the stock confirms its breakout through the prior session's high having traded $0.32 above it intraday.

Daily chart for DO

Monday's trading range was $0.69 (3.73%), that's slightly below last trading month's daily average range of $0.82. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being way above average.


After trading as low as 18.26 during the day, the share bounced off the key support level at 18.37. The failure to close below the support might increase that levels importance as support going forward.


The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.


While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Report Market Conditions
Bounced off Technical Support S1 TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
6 Consecutive Higher Closes TQ Pro Members Only
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Latest Report:

DO closes within prior day's range

Apr 25, 2018
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Find out what happened when Diamond Offshore Drilling traded like this in the past. See the odds for each technical pattern with expected gain and loss.


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