NOBLE CORP PLC (NE) Stock Technical Analysis
USA - NYSE:NE - GB00BMXNWH07 - Common Stock
Overall NE gets a technical rating of 6 out of 10. NE has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
NE has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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
When analyzing the support we can see 4 important areas.
- A support zone ranging from 28.55 to 29.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 27.62 to 27.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 26.61 to 26.70. 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.
When analyzing the resistance we notice one important 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 | UP | POSITIVE | The short term trend for NE is up. |
| ChartMill Relative Strength | 51.08 | NEUTRAL | NE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NE is above a declining 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) | 51.87 | NEUTRAL | The RSI value for NE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests NE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.79 | NEUTRAL | The Stochastics value for NE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.85 | MEDIUM VOLATILITY | The ATR as a percentage value for NE suggests some volalility. |
| Average Directional Index/ADX (14) | 14.5 | NEGATIVE | The low ADX value for NE suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 30.81 | 28.54 | 2.27 (7.37%) | 13.57% |
| An entry @30.81. This is a Buy Stop order right above the resistance zone. | An exit @28.54. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.27 points, which is 7.37%. | For a 1.00% total portfolio risk, you can invest 13.57% of your capital in this trade. |
- 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.
29.35
-0.25 (-0.84%)
NOBLE CORP PLC / NE FAQ
Can you provide the ChartMill technical rating for NOBLE CORP PLC?
ChartMill assigns a technical rating of 6 / 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 51.873. 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 0.118304, 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 positive.