NOBLE CORP PLC (NE) Stock Technical Analysis
NYSE:NE • GB00BMXNWH07
We assign a technical rating of 10 out of 10 to NE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NE is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that NE is one of the better performing stocks in the market, outperforming 93% of all stocks.
- NE is part of the Energy Equipment & Services industry. There are 60 other stocks in this industry. NE outperforms 79% of them.
- 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.
- NE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- NE has an average volume of 2140450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
28.31
We found 3 important support areas.
- Support @30.30 from a trend line in the weekly time frame.
- Support @29.29 from a trend line in the daily time frame.
- Support @28.60 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 45.83 to 45.83. 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 | 93.14 | POSITIVE | NE has a high relative strength, it outperformed 93.14% 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) | UP | POSITIVE | The current price of NE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.03 | OVERBOUGHT | The high RSI value suggests NE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.42 | POSITIVE | The MACD value suggests NE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.47 | OVERBOUGHT | The high Stochastics value suggests NE may be overbought. |
| Average True Range in percent/ATR (20) | 4.38 | MEDIUM VOLATILITY | The ATR as a percentage value for NE suggests some volalility. |
| Average Directional Index/ADX (14) | 49.35 | POSITIVE | The high ADX value value for NE suggests a strong trend. |
45.52
+0.18 (+0.4%)
NOBLE CORP PLC / NE FAQ
Can you provide the ChartMill technical rating for NOBLE CORP PLC?
ChartMill assigns a technical rating of 10 / 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 72.032. This indicates that the stock is currently overbought.
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 30.3 and a resistance level at 45.83. Check the full technical report for our detailed analysis of NE support and resistance levels.