NOC Technical Analysis - NORTHROP GRUMMAN CORP

Technical Rating and Analysis

Taking everything into account, NOC scores 7 out of 10 in our technical rating. Although NOC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

NOC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NOC is lagging the market slightly.

Looking at the yearly performance, NOC did better than 78% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

NOC is an average performer in the Aerospace & Defense industry, it outperforms 54% of 69 stocks in the same industry.

In the last month NOC has a been trading in the 565.50 - 640.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

NORTHROP GRUMMAN CORP / NOC Weekly stock chart

NORTHROP GRUMMAN CORP / NOC Daily stock chart

Setup Rating and Analysis

Although NOC has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

492.38

615.02

When analyzing the support we can see 3 important areas.

A support zone ranging from 571.62 to 604.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @520.30 from a trend line in the weekly time frame.
Support @497.35 from a trend line in the daily time frame.

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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 NOC is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for NOC is neutral.
ChartMill Relative Strength	78.33	POSITIVE	NOC has a high relative strength, it outperformed 78.33% 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)	53.14	NEUTRAL	The RSI value for NOC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.39	POSITIVE	The MACD value suggests NOC has a positive trend, although the MACD value is declining.
Stochastics (14,3)	60.82	NEUTRAL	The Stochastics value for NOC is a neutral value.
Average True Range in percent/ATR (20)	1.84	LOW VOLATILITY	The low ATR as a percentage value for NOC suggests low volalility.
Average Directional Index/ADX (14)	34.74	POSITIVE	The high ADX value value for NOC suggests a strong trend.