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Stock Trend Analysis Report

Prepared for you on Friday, June 2, 2023.

Diamond Offshore Drilling, Inc. (NYSE:DO)

Countertrend Up (+85) - DO is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid DO?

MarketClub looks at technical strength and momentum to determine if the timing is right for DO.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low DO Price Change
10.880 11.740 10.830 11.655 +0.705
Entry Signal

MarketClub’s Trade Triangles for DO

long term up The long-term trend has been UP since Oct 18th, 2022 at 8.4396

intermediate term up The intermediate-term trend has been UP since May 22nd, 2023 at 12.4700

short term down The short-term trend has been DOWN since May 25th, 2023 at 11.5600

Smart Scan Analysis for DO

Based on our trend formula, DO is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for DO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.880 11.740 10.830 11.655 +0.705
Prev. Close Volume Bid Ask Time
11.650 919404 2023-06-01 15:59:11
52wk High13.352wk High Date2023-03-07
52wk Low5.1752wk Low Date2022-07-14
Average Volume1,035,098Assets152,371,900M
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