NORTHROP GRUMMAN CORP (NOC) Stock Technical Analysis
NYSE:NOC • US6668071029
We assign a technical rating of 10 out of 10 to NOC. Both in the recent history as in the last year, NOC 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.
- Looking at the yearly performance, NOC did better than 91% of all other stocks. We also observe that the gains produced by NOC over the past year are nicely spread over this period.
- NOC 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.
- NOC 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.
- NOC is part of the Aerospace & Defense industry. There are 73 other stocks in this industry, NOC did better than 58% of them.
NOC has an excellent technical rating and also presents 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 709.12. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 702.56, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NOC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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We found 5 important support areas.
- A support zone ranging from 678.82 to 702.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @600.47 from a trend line in the daily time frame.
- A support zone ranging from 571.63 to 578.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @558.00 from a horizontal line in the daily time frame.
- Support @460.90 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 709.12 to 709.12. 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 NOC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NOC is up. |
| ChartMill Relative Strength | 91.05 | POSITIVE | NOC has a high relative strength, it outperformed 91.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NOC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NOC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NOC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.74 | NEUTRAL | The RSI value for NOC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.97 | NEGATIVE | The MACD value suggests NOC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 70.54 | NEUTRAL | The Stochastics value for NOC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for NOC suggests some volalility. |
| Average Directional Index/ADX (14) | 22.55 | NEUTRAL | The ADX value for NOC suggests a possible start of a new 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 |
|---|---|---|---|
| 709.13 | 678.81 | 30.32 (4.28%) | 23.39% |
| An entry @709.13. This is a Buy Stop order right above the resistance zone. | An exit @678.81. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 30.32 points, which is 4.28%. | For a 1.00% total portfolio risk, you can invest 23.39% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NOC. Please evaluate whether better entry and exit points can be found.
- 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.
702.57
+7.51 (+1.08%)
NORTHROP GRUMMAN CORP / NOC FAQ
What is the technical rating for NOC stock?
ChartMill assigns a technical rating of 10 / 10 to NOC.
What is the current trend direction of NORTHROP GRUMMAN CORP (NOC) stock?
The current trend direction for NORTHROP GRUMMAN CORP (NOC) is Bullish.
Can you provide the RSI signal for NORTHROP GRUMMAN CORP?
NORTHROP GRUMMAN CORP (NOC) has an RSI value of 62.7432. This indicates that the stock is currently neutral.
What is the short term momentum for NOC stock?
The short term momentum for NORTHROP GRUMMAN CORP (NOC) is positive.
What are the support and resistance levels for NORTHROP GRUMMAN CORP (NOC) stock?
NORTHROP GRUMMAN CORP (NOC) has a support level at 702.56 and a resistance level at 709.12. Check the full technical report for our detailed analysis of NOC support and resistance levels.