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 3 out of 10. NE performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, NE is a bad performer in the overall market: 82% of all stocks are doing better.
NE has an average volume of 2124500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
NE is part of the Energy Equipment & Services industry. There are 61 other stocks in this industry, NE did better than 55% 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 25.24 - 29.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NE has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 26.87, a Stop Loss order could be placed below this zone.
More info and screens
25.44
30.45
2 important support areas can be observed.
- A support zone ranging from 26.60 to 26.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.70 to 25.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @28.41 from a trend line in the weekly time frame.
- Resistance @29.35 from a trend line in the weekly time frame.
- A resistance zone ranging from 30.11 to 30.15. 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 | NEUTRAL | NEUTRAL | The short term trend for NE is neutral. |
| ChartMill Relative Strength | 18.81 | NEGATIVE | NE has a low relative strength, it was outperformed by 81.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NE is below 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) | 47.55 | NEUTRAL | The RSI value for NE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.46 | NEUTRAL | The Stochastics value for NE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.15 | MEDIUM VOLATILITY | The ATR as a percentage value for NE suggests some volalility. |
| Average Directional Index/ADX (14) | 13.87 | NEGATIVE | The low ADX value for NE suggests a weak or negative 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)
26.91
-0.45 (-1.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-1.64%
1 Week0.49%
2 Weeks4.71%
1 Month-0.33%
3 Month11.75%
6 Month-7.59%
12 Month-30.05%
2 Year-48.98%
3 Year-11.33%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.17
ATR(20)%4.15%
ATR Inc-39.89%
Range Today0.52
ADR(20)1.03
ADR(20)%3.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.81
Mansfield-1.62
10 Day High28.78
10 Day Low25.61
20 Day High29.29
20 Day Low25.24
52 Week High39.28
52 Week Low17.4
CS1 End26.87
CR1 Start28.41
Volume & EV
DER(3)1.14%
DER(5)2.57%
Volume1.35M
Volume Incr-15.4%
Vol(5)1.63M
Vol(50)2.12M