NOBLE CORP PLC (NE) Stock Technical Analysis
USA - NYSE:NE - GB00BMXNWH07 - Common Stock
We assign a technical rating of 4 out of 10 to NE. NE has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, NE does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 30.56. Right above this resistance zone may be a good entry point.
More info and screens
25.44
4 important support areas can be observed.
- A support zone ranging from 28.65 to 29.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 27.93 to 27.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 26.61 to 27.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.70 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 30.56 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 | 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 | 32.21 | 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) | DOWN | MIXED | The current price of NE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.14 | NEUTRAL | The RSI value for NE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests NE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.27 | NEUTRAL | The Stochastics value for NE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.77 | MEDIUM VOLATILITY | The ATR as a percentage value for NE suggests some volalility. |
| Average Directional Index/ADX (14) | 12 | NEGATIVE | The low ADX value for NE suggests a weak or negative trend. |
29.23
+0.46 (+1.6%)
NOBLE CORP PLC / NE FAQ
Can you provide the ChartMill technical rating for NOBLE CORP PLC?
ChartMill assigns a technical rating of 4 / 10 to NE.
Can you provide the trend direction for NOBLE CORP PLC?
The current trend direction for NOBLE CORP PLC (NE) is Bearish.
Can you provide the RSI signal for NOBLE CORP PLC?
NOBLE CORP PLC (NE) has an RSI value of 51.1433. This indicates that the stock is currently neutral.
What is the MACD signal for NE stock?
The MACD indicator for NOBLE CORP PLC (NE) has a value of -0.0416312, indicating a bearish trend.
What is the short term momentum for NOBLE CORP PLC (NE) stock?
The short term momentum for NOBLE CORP PLC (NE) is neutral.