SeaDrill Limited (NYSE:SDRL) Key Indicators And Emerging Themes

SeaDrill Limited (NYSE:SDRL) fell by -0.60% in Thursday’s trading session from $0.38 to $0.38. The price has been moving in both directions for this period, and there has been a 2.29% gain over 10-day period. There was a decrease in both volume and price. This is usually interpreted as a good sign as traders widely believe falling stock should see declining volume. Traded activity experienced a fall of -1.84 million shares and in total 4.42 M shares exchanged hands for about $1.68 million.

Inside SDRL’s Recent Trend

SeaDrill Limited (SDRL) lies in the middle of a very wide and falling trend in the short term and pointed towards extra losses. Short-term traders are anticipated to see a retreat of -14.18% over the course of a quarter and, with 90% chance the price will be floating in the range of $0.13 and $0.39 in this timeframe.

SeaDrill Limited Technical Signals

SDRL has witnessed its long term and short term MA triggering a buy signal. Many traders watch for short-term averages to cross above long-term averages to signal the beginning of a uptrend. Upon corrections, the price will meet support from the averages between $0.37 and $0.29. A break down through these support points will trigger sell signals. Its pivot point low generated buy signal on Friday September 29, 2017, which calls for additional surge until the stock forms a new pivot point high. Some other technical concerns emerged as well, putting in risk the future growth of the stock in the next couple of days. The downbeat movement of both volume and price during the recent session is interpreted as a good sign because traders usually believe falling stock should see declining volume.

SeaDrill Limited (NYSE:SDRL) Support And Resistance Levels

SeaDrill Limited (SDRL) recorded volume accumulation so there will probably be a surplus of buyers at $0.37. In case of gains, the next resistance from accumulated volume will not be far away from today’s level at $0.39, $0.39 and $0.39.

Accumulated volume is going to prevent the price from rising further at $0.39 and this action will lead the price to take a temporary pause or stay muted for a few days.

SeaDrill Limited (SDRL) Risk Assessment

A volatility based measure Bollinger Bands suggests this stock poses high risk. In the most recent session, the stock price hovered around $0.01 between high and low, or 2.63%. The average volatility for the past week stood at 8.89%.

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