Moving Average Convergence Divergence Analysis of Diamond Offshore Drilling, Inc. (NYSE:DO)

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Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Diamond Offshore Drilling, Inc. (NYSE:DO) for the period of 9-Day stands at 87.06% while the stochastic %D for the same period stands at 83.72%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Diamond Offshore Drilling, Inc. (NYSE:DO) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for Diamond Offshore Drilling, Inc. (NYSE:DO) while 20-100 Day MACD Oscillator indicates “Buy”.

Bollinger band is a volatility indicator of a certain security, currently Diamond Offshore Drilling, Inc. (NYSE:DO)’s 20-Day Bollinger Band indicates “Hold”.

About Company

Diamond Offshore Drilling, Inc. engages principally in the contract drilling of offshore oil and gas wells.  They are a leading deepwater drilling contractor and owns and operates one of the largest fleets of offshore drilling units in the world. Diamond Offshore operates in the waters of six of the world’s seven continents, supplying comprehensive drilling services to the global energy industry.

Previous Day Activity Analysis

On the last trading day, Diamond Offshore Drilling, Inc. (NYSE:DO) opened the session at $17.52 and after going down -0.91% closed at $17.38. The stock lost -0.14 points in the last trade.

Diamond Offshore Drilling, Inc. (NYSE:DO)’s stock fluctuated in the range of $17.17 and $17.95 during the previous active session. Diamond Offshore Drilling, Inc. (NYSE:DO) traded with the volume of 1.67 Million with average volume of 2.8 Million. The stock has LOW volatility on the last trading session.

Currently the Beta for the company remains at 1.29 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.68 and 67.72 respectively.

Currently the Insider Ownership of the shares of Diamond Offshore Drilling, Inc. (NYSE:DO) is at 0.13% and the shares outstanding are 138.49 Million.

Important Ratio Analysis

Some important ratios to consider here for Diamond Offshore Drilling, Inc. (NYSE:DO) are discussed below:

Price to Earnings P/E ratio stands at 14.33 while Forward P/E shows the value of 90.52.

The Price to Sale P/S and Price to Book P/B shows the value of 1.57 and 0.63 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 0 and 6.57 correspondingly.

The Quick Ratio of Diamond Offshore Drilling, Inc. (NYSE:DO) stands at 3.6 while the Current Ratio depicts the value of 3.6.

Return on Assets ROA of Diamond Offshore Drilling, Inc. (NYSE:DO) is at 2.7% whereas, Return on Equity ROE and Return of Investment ROI of Diamond Offshore Drilling, Inc. (NYSE:DO) stand at 4.4% and -4.5% respectively.

Stock Performance Analysis

The stock performance of Diamond Offshore Drilling, Inc. (NYSE:DO) on the basis of 5 day trade show the jump of 5.78% whereas, the monthly performance of the stock shows increase of 20.11%.

The quarterly performance of the stock remained in green zone with the value of 54.35% while six month performance of the shares of Diamond Offshore Drilling, Inc. (NYSE:DO) remained bullish with the count of 23.7%.

The yearly and YTD performance of Diamond Offshore Drilling, Inc. (NYSE:DO) remained mix at 5.08% and -1.81% respectively.

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