NORTHROP GRUMMAN CORP (NOC) Stock Technical Analysis
NYSE:NOC - New York Stock Exchange, Inc. - US6668071029 - Common Stock - Currency: USD
Overall NOC gets a technical rating of 9 out of 10. 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.
NOC is part of the Aerospace & Defense industry. There are 67 other stocks in this industry, of which 60% are performing better than NOC.
Both the short term and long term trends are positive. This is a very positive sign.
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.
Looking at the yearly performance, NOC did better than 81% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
NOC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 581.10, a Stop Loss order could be placed below this zone.
More info and screens
445.40
595.86
When analyzing the support we can see 5 important areas.
- A support zone ranging from 572.34 to 581.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @546.58 from a trend line in the daily time frame.
- Support @520.93 from a trend line in the daily time frame.
- Support @499.37 from a trend line in the weekly time frame.
- Support @449.90 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 585.08 to 589.96. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 81.01 | POSITIVE | NOC has a high relative strength, it outperformed 81.01% 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) | 72.4 | OVERBOUGHT | The high RSI value suggests NOC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.11 | NEGATIVE | The MACD value suggests NOC has a negative trend. |
| Stochastics (14,3) | 60.11 | NEUTRAL | The Stochastics value for NOC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for NOC suggests low volalility. |
| Average Directional Index/ADX (14) | 45.42 | POSITIVE | The high ADX value value for NOC suggests a strong 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)
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 |
|---|---|---|---|
| 589.97 | 572.94 | 17.03 (2.89%) | 25.00% |
| An entry @589.97. This is a Buy Stop order right above the resistance zone. | An exit @572.94. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 17.03 points, which is 2.89%. | For a 0.72% total portfolio risk, you can invest 25.00% 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.
583.72
+1.63 (+0.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg0.28%
1 Week-0.62%
2 Weeks1.23%
1 Month11.43%
3 Month23.36%
6 Month33%
12 Month15.21%
2 Year34.78%
3 Year22.12%
5 Year70.37%
10 Year256.49%
15 Year978.57%
Volatility
ATR(14)8
ATR(20)%1.89%
ATR Inc-7.91%
Range Today4.35
ADR(20)9.94
ADR(20)%1.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.01
Mansfield0.55
10 Day High594.68
10 Day Low572.95
20 Day High594.68
20 Day Low514.39
52 Week High594.68
52 Week Low426.24
CS1 End581.1
CR1 Start585.08
Volume & EV
DER(3)2.61%
DER(5)2.13%
Volume598.77K
Volume Incr-21.82%
Vol(5)684.97K
Vol(50)806.54K