NOBLE CORP PLC (NE) Stock Technical Analysis
NYSE:NE - GB00BMXNWH07 - Common Stock
30.36 USD
+0.43 (+1.44%)
30.36 USD
0 (0%)
Taking everything into account, NE scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, NE is a bad performer.
77% of all other stocks performed better in the past year than NE.
The long and short term trends are both positive. This is looking good!
In the last month NE has a been trading in the 26.20 - 30.75 range, which is quite wide. It is currently trading near the high of this range.
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 1984770 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 61 other stocks in this industry, NE did better than 53% 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.
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
26.34
31.11
We found 3 important support areas.
- A support zone ranging from 27.93 to 28.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.07 from a trend line in the daily time frame.
- Support @26.61 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 30.37 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 | 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 | 23.81 | NEGATIVE | NE has a low relative strength, it was outperformed by 76.19% 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 | MIXED | The current price of NE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.86 | NEUTRAL | The RSI value for NE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests NE has a positive trend. |
| Stochastics (14,3) | 85.13 | OVERBOUGHT | The high Stochastics value suggests NE may be overbought. |
| Average True Range in percent/ATR (20) | 3.23 | MEDIUM VOLATILITY | The ATR as a percentage value for NE suggests some volalility. |
| Average Directional Index/ADX (14) | 21.4 | 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)
30.36
+0.43 (+1.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg1.44%
1 Week7.13%
2 Weeks8.39%
1 Month12.53%
3 Month4.29%
6 Month27.67%
12 Month-10.94%
2 Year-40.06%
3 Year2.64%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.03
ATR(20)%3.23%
ATR Inc-16.8%
Range Today0.93
ADR(20)0.95
ADR(20)%3.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.81
Mansfield-0.38
10 Day High30.75
10 Day Low27.53
20 Day High30.75
20 Day Low26.2
52 Week High37.99
52 Week Low17.4
CS1 End28.6
CR1 Start30.37
Volume & EV
DER(3)-2.35%
DER(5)0.34%
Volume2.71M
Volume Incr87.96%
Vol(5)3.32M
Vol(50)1.98M