NOBLE CORP PLC (NE) Stock Technical Analysis
NYSE:NE - New York Stock Exchange, Inc. - GB00BMXNWH07 - Common Stock - Currency: USD
Overall NE gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. NE was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, NE is a bad performer in the overall market: 71% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month NE has a been trading in the 22.37 - 29.89 range, which is quite wide. It is currently trading near the high of this range.
NE has an average volume of 2764030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NE is an average performer in the Energy Equipment & Services industry, it outperforms 56% of 63 stocks in the same industry.
NE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NE is lagging the market slightly.
NE has an average technical rating and it also does not offer a high quality setup 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
24.93
29.99
We found 1 important support area.
- A support zone ranging from 25.18 to 25.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 29.12 to 29.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @29.69 from a trend line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for NE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NE is up. |
| ChartMill Relative Strength | 29.53 | NEGATIVE | NE has a low relative strength, it was outperformed by 70.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 74.21 | OVERBOUGHT | The high RSI value suggests NE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests NE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.51 | OVERBOUGHT | The high Stochastics value suggests NE may be overbought. |
| Average True Range in percent/ATR (20) | 3.49 | MEDIUM VOLATILITY | The ATR as a percentage value for NE suggests some volalility. |
| Average Directional Index/ADX (14) | 37.81 | POSITIVE | The high ADX value value for NE suggests a strong trend. |
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)
29.11
+0.04 (+0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg0.14%
1 Week5.32%
2 Weeks17.52%
1 Month19.3%
3 Month22.41%
6 Month-5.85%
12 Month-32.33%
2 Year-29.53%
3 Year14.83%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.11
ATR(20)%3.49%
ATR Inc-1.48%
Range Today1.22
ADR(20)0.97
ADR(20)%3.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.53
Mansfield-1.31
10 Day High29.89
10 Day Low25
20 Day High29.89
20 Day Low22.37
52 Week High48.74
52 Week Low17.4
CS1 End25.46
CR1 Start29.12
Volume & EV
DER(3)-3.6%
DER(5)-1.58%
Volume2.49M
Volume Incr17.48%
Vol(5)2.52M
Vol(50)2.76M