Noble Energy Inc (NBL) Stock Technical Analysis
NYSE:NBL - New York Stock Exchange, Inc. -
Taking everything into account, NBL scores 0 out of 10 in our technical rating. NBL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, NBL is a bad performer in the overall market: 95% of all stocks are doing better.
NBL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NBL is lagging the market.
In the last month NBL has a been trading in the 8.12 - 9.90 range, which is quite wide. It is currently trading near the lows of this range.
NBL has an average volume of 14518300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NBL has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
8.25
10.46
We found 1 important support area.
- A support zone ranging from 8.33 to 8.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 8.60 to 8.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 9.29 to 9.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.05 from a horizontal line in the daily time frame.
- Resistance @10.36 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for NBL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NBL is down. |
| ChartMill Relative Strength | 5.96 | NEGATIVE | NBL has a low relative strength, it was outperformed by 94.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NBL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NBL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NBL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.59 | NEUTRAL | The RSI value for NBL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests NBL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.28 | OVERSOLD | The low Stochastics value suggests NBL may be oversold. |
| Average True Range in percent/ATR (20) | 3.87 | MEDIUM VOLATILITY | The ATR as a percentage value for NBL suggests some volalility. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
8.46
+0.12 (+1.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.44%
1 Week-0.35%
2 Weeks-8.84%
1 Month-12.96%
3 Month-11.41%
6 Month36.89%
12 Month-58.91%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%3.87%
ATR Inc6.21%
Range Today0.39
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.96
Mansfield-4.29
10 Day High9.19
10 Day Low8.12
20 Day High9.9
20 Day Low8.12
52 Week High25.08
52 Week Low2.73
CS1 End8.45
CR1 Start8.6
Volume & EV
DER(3)0.16%
DER(5)0.55%
Volume12.42M
Volume Incr-25.19%
Vol(5)13.83M
Vol(50)14.52M