DIAMOND SELL SHORTDiamond Offshore Drilling Inc fell by -1.84% on the last day ( Wednesday, 11th Dec 2019 ) from $5.98 to $5.87 and has now fallen 3 days in a row. During the day the stock fluctuated 5.34% from a day low at $5.81 to a day high of $6.12. The price has fallen in 5 of the last 10 days but is still up by 2.44% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -0.46 million shares and in total, 2.30 million shares bought and sold for approximately $13.51 million.
Diamond Offshore Drilling Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $5.79 and $5.76. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Monday, December 09, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
