NOBLE CORP PLC (NE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NE - GB00BMXNWH07 - Common Stock
Taking everything into account, NE scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NE is only an average performer.
- NE is part of the Energy Equipment & Services industry. There are 62 other stocks in this industry, of which 60% are performing better than NE.
- Both the short term and long term trends are positive. This is a very positive sign.
- NE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month NE has a been trading in the 27.72 - 33.17 range, which is quite wide. It is currently trading near the high of this range.
- NE has an average volume of 1603330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, NE turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although NE has an excellent technical rating, it 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
27.69
We found 4 important support areas.
- Support @32.52 from a trend line in the weekly time frame.
- A support zone ranging from 29.53 to 30.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 28.55 to 29.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 27.97 to 28.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @32.82 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 33.54 to 33.63. 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 | UP | POSITIVE | The long term trend for NE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NE is up. |
| ChartMill Relative Strength | 61.62 | NEUTRAL | NE is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of NE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.82 | NEUTRAL | The RSI value for NE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.5 | POSITIVE | The MACD value suggests NE has a positive trend. |
| Stochastics (14,3) | 95.33 | OVERBOUGHT | The high Stochastics value suggests NE may be overbought. |
| Average True Range in percent/ATR (20) | 3.02 | MEDIUM VOLATILITY | The ATR as a percentage value for NE suggests some volalility. |
| Average Directional Index/ADX (14) | 23.92 | NEUTRAL | The ADX value for NE suggests a possible start of a new trend. |
32.69
-0.29 (-0.88%)
NOBLE CORP PLC / NE FAQ
Can you provide the ChartMill technical rating for NOBLE CORP PLC?
ChartMill assigns a technical rating of 8 / 10 to NE.
What is the current trend direction of NOBLE CORP PLC (NE) stock?
The current trend direction for NOBLE CORP PLC (NE) is Bullish.
What is the RSI signal for NOBLE CORP PLC (NE) stock?
NOBLE CORP PLC (NE) has an RSI value of 65.819. This indicates that the stock is currently neutral.
What is the buy/sell signal for NOBLE CORP PLC (NE) stock?
The buy/sell signal for NOBLE CORP PLC (NE) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for NOBLE CORP PLC?
NOBLE CORP PLC (NE) has a support level at 32.52 and a resistance level at 32.82. Check the full technical report for our detailed analysis of NE support and resistance levels.