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 6 out of 10. NE has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
75% of all other stocks performed better in the past year than NE.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
NE has an average volume of 2173860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NE is part of the Energy Equipment & Services industry. There are 62 other stocks in this industry, NE did better than 59% of them.
NE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NE is lagging the market.
In the last month NE has a been trading in the 26.27 - 31.21 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NE has an average technical rating and the quality of the presented setup is also not ideal 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
26.28
31.11
When analyzing the support we notice one important area.
- A support zone ranging from 26.55 to 27.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 30.15 to 30.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 25.63 | NEGATIVE | NE has a low relative strength, it was outperformed by 74.37% 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) | 53.4 | NEUTRAL | The RSI value for NE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests NE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.68 | NEUTRAL | The Stochastics value for NE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.54 | MEDIUM VOLATILITY | The ATR as a percentage value for NE suggests some volalility. |
| Average Directional Index/ADX (14) | 21.53 | NEUTRAL | The ADX value for NE suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 29.90 | 26.54 | 3.36 (11.24%) | 8.90% |
| An entry @29.90. This is a Buy Stop order right above the 10 day high. | An exit @26.54. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.36 points, which is 11.24%. | For a 1.00% total portfolio risk, you can invest 8.90% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
28.33
-0.37 (-1.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-1.29%
1 Week4.93%
2 Weeks-6.04%
1 Month5.28%
3 Month34.9%
6 Month-14.8%
12 Month-40.36%
2 Year-45.8%
3 Year-5.57%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.08
ATR(20)%3.54%
ATR Inc-15.81%
Range Today0.56
ADR(20)0.97
ADR(20)%3.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.63
Mansfield-1.41
10 Day High29.89
10 Day Low26.54
20 Day High31.21
20 Day Low26.27
52 Week High48.13
52 Week Low17.4
CS1 End27.17
CR1 Start30.15
Volume & EV
DER(3)-1.03%
DER(5)-0.17%
Volume1.05M
Volume Incr-29.8%
Vol(5)1.60M
Vol(50)2.17M