NORTHROP GRUMMAN CORP (NOC) Stock Technical Analysis
NYSE:NOC - New York Stock Exchange, Inc. - US6668071029 - Common Stock - Currency: USD
Taking everything into account, NOC scores 8 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.
NOC is one of the lesser performing stocks in the Aerospace & Defense industry. 65% of 67 stocks in the same industry do better.
Both the short term and long term trends are positive. This is a very positive sign.
A new 52 week high is currently being made by NOC, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month NOC has a been trading in the 483.84 - 568.67 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, NOC did better than 77% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although NOC has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
418.49
574.19
6 important support areas can be observed.
- A support zone ranging from 504.52 to 513.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 492.39 to 496.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @483.99 from a horizontal line in the daily time frame.
- Support @474.50 from a trend line in the daily time frame.
- Support @448.63 from a trend line in the weekly time frame.
- Support @422.72 from a horizontal line in the weekly time frame.
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 | 77.14 | POSITIVE | NOC has a high relative strength, it outperformed 77.14% 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) | 77.3 | OVERBOUGHT | The high RSI value suggests NOC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 5.01 | POSITIVE | The MACD value suggests NOC has a positive trend. |
| Stochastics (14,3) | 87.32 | OVERBOUGHT | The high Stochastics value suggests NOC may be overbought. |
| 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) | 22.86 | NEUTRAL | The ADX value for NOC suggests a possible start of a new 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)
568.5
+4.71 (+0.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg0.84%
1 Week9.39%
2 Weeks11.92%
1 Month17.46%
3 Month20.14%
6 Month14.38%
12 Month18.36%
2 Year27.75%
3 Year18.71%
5 Year74.92%
10 Year228.59%
15 Year869.48%
Volatility
ATR(14)11.83
ATR(20)%1.89%
ATR Inc303.12%
Range Today16.87
ADR(20)9.44
ADR(20)%1.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.14
Mansfield0.45
10 Day High568.67
10 Day Low504.98
20 Day High568.67
20 Day Low483.84
52 Week High568.67
52 Week Low426.24
CS1 End513.92
CR1 StartN/A
Volume & EV
DER(3)0.52%
DER(5)0.51%
Volume1.25M
Volume Incr64.97%
Vol(5)1.19M
Vol(50)867.85K