NOBLE CORP PLC (NE) Technical Analysis
NYSE:NE • GB00BMXNWH07
Current stock price
NE Technical Rating and Analysis
Overall NE gets a technical rating of 10 out of 10. Both in the recent history as in the last year, NE has proven to be a steady performer, scoring decent points in every aspect analyzed.
- 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 96% of all stocks.
- NE is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 83% of 60 stocks in the same industry.
- NE is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so NE is leading the market.
- In the last month NE has a been trading in the 43.12 - 48.59 range, which is quite wide. It is currently trading near the high of this range.
- NE has an average volume of 2250220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NE Weekly and Daily overview Charts
NE Setup Rating and Analysis
NE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 46.72. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
NE Support and Resistance Analysis
28.65
We found 3 important support areas.
- A support zone ranging from 43.69 to 43.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.33 from a trend line in the weekly time frame.
- A support zone ranging from 28.94 to 29.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 46.72 to 46.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
NE Technical Indicator Signal Analysis
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 | 96.45 | POSITIVE | NE has a high relative strength, it outperformed 96.45% 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) | 60.27 | NEUTRAL | The RSI value for NE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests NE has a negative trend. |
| Stochastics (14,3) | 72.33 | NEUTRAL | The Stochastics value for NE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.04 | MEDIUM VOLATILITY | The ATR as a percentage value for NE suggests some volalility. |
| Average Directional Index/ADX (14) | 50.84 | POSITIVE | The high ADX value value for NE suggests a strong trend. |
NE Chart- and CandleStick Pattern Analysis
NE Example Setup
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 |
|---|---|---|---|
| 46.79 | 43.68 | 3.11 (6.65%) | 15.05% |
| An entry @46.79. This is a Buy Stop order right above the resistance zone. | An exit @43.68. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.11 points, which is 6.65%. | When investing 15.05% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
NE Technicals: Chart, Performance Metrics, Trend & Indicators
46.71
-1.04 (-2.18%)
NOBLE CORP PLC / NE TA 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 60.2747. 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 43.69 and a resistance level at 46.72. Check the full technical report for our detailed analysis of NE support and resistance levels.