NORTHROP GRUMMAN CORP (NOC) Stock Technical Analysis
NYSE:NOC • US6668071029
Overall NOC gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NOC is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, NOC did better than 90% 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.
- In the last month NOC has a been trading in the 636.00 - 745.55 range, which is quite wide. It is currently trading near the high of this range.
- NOC is an average performer in the Aerospace & Defense industry, it outperforms 54% of 74 stocks in the same industry.
Although NOC has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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456.72
When analyzing the support we can see 6 important areas.
- A support zone ranging from 696.03 to 705.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @678.82 from a horizontal line in the daily time frame.
- Support @604.78 from a trend line in the daily time frame.
- A support zone ranging from 571.63 to 577.80. 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 @461.33 from a trend 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 | 90.28 | POSITIVE | NOC has a high relative strength, it outperformed 90.28% 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) | 64.48 | NEUTRAL | The RSI value for NOC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests NOC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.09 | OVERBOUGHT | The high Stochastics value suggests NOC may be overbought. |
| 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) | 24.76 | 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 |
|---|---|---|---|
| 745.56 | 696.02 | 49.54 (6.64%) | 15.05% |
| An entry @745.56. This is a Buy Stop order right above the 10 day high. | An exit @696.02. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 49.54 points, which is 6.64%. | For a 1.00% total portfolio risk, you can invest 15.05% 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.
723.56
-13.31 (-1.81%)
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 64.4846. 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 705.5. Check the full technical report for our detailed analysis of NOC support and resistance levels.