Seadrill Limited (SDRL): Where It’s Really At

The stock of Seadrill Limited (NYSE:SDRL) has been Downgraded to Neutral from Buy by BTIG Research in its latest research note that was published on August 13. Societe Generale analysts have downgraded their rating of SDRL stock from Hold to Sell in a separate flash note to investors on May 31. Analysts at Morgan Stanley downgraded the stock to a Equal-Weight call from its previous Overweight stance, in a research note that dated back to January 28.

Seadrill Limited, which has current market capitalization of above $308 Million, published its last quarter earnings on June 30, 2019.

SDRL declined by $-0.35 during the normal trading session on Thursday and reaching a high of $3.15 during the day while it closed the day at $3.08. The Seadrill stock had a high trading volume of 1.65 million shares on that day, which is high compared to the average daily volume of 1.22M shares. SDRL has also gained 23.69% of its value over the past 7 days. However, the stock has declined by 10.47% in the 3 months of the year. Over the past six months meanwhile, it has lost 65.43% while it has lost 68.41% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -38.4% from its 3 months high price. However, taking another look at SDRL will indicate that it is trading +48.79% away from its 90-day low. Looking at the bigger picture, the Seadrill Limited stock has dropped by -88.47% from its 52-week high while it has surged by +48.79% from its 52-week low price.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 39%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 69.66%. Over the past 20 days, Seadrill’s Stochastic %K stood at 84.76% while its Stochastic %D was revealed to be 78.42%.