Seadrill Limited (SDRL)

Seadrill Limited is trading at $47.36, up 0.98% on the session. The 50 day average sits at $42.38 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 65, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $43.41 with resistance near $55.47, so that band frames the current range. Average daily movement is roughly $1.86, or about 3.9% of the share price, which is what any stop placement has to allow for. The overall health score of 67 out of 100 combines a trend score of 64, momentum of 87 and a risk score of 44.

Seadrill Limited provides offshore drilling services to the oil and gas industry worldwide. The company owns and operates floaters, such as drillships and semi-submersible rigs for operations in shallow and ultra-deep water in benign and harsh environments. It also offers jackup rigs, management services, and provides contracts drilling units to drill wells. It serves oil super-majors, state-owned national oil companies, and independent oil and gas companies. The company was formerly known as Seadrill 2021 Limited. Seadrill Limited was incorporated in 2005 and is based in Houston, Texas.