NORTHROP GRUMMAN CORP (NOC) Stock Technical Analysis
NYSE:NOC - New York Stock Exchange, Inc. - US6668071029 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to NOC. In the last year, NOC was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
NOC is one of the lesser performing stocks in the Aerospace & Defense industry. 75% of 65 stocks in the same industry do better.
In the last month NOC has a been trading in the 472.02 - 519.43 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
NOC has an average volume of 1054550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, NOC outperforms 48% of them, which is more or less in line with the market.
NOC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NOC is lagging the market.
Although the technical rating is only medium, NOC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 492.99, a Stop Loss order could be placed below this zone.
More info and screens
418.49
549.33
4 important support areas can be observed.
- A support zone ranging from 484.87 to 495.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @469.08 from a trend line in the daily time frame.
- Support @447.36 from a trend line in the weekly time frame.
- A support zone ranging from 422.72 to 424.08. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 507.84 to 509.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 533.14 to 543.89. 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 | NEUTRAL | NEUTRAL | The long term trend for NOC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NOC is neutral. |
| ChartMill Relative Strength | 48.54 | NEUTRAL | NOC is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of NOC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of NOC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.12 | NEUTRAL | The RSI value for NOC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests NOC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.21 | NEUTRAL | The Stochastics value for NOC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.18 | MEDIUM VOLATILITY | The ATR as a percentage value for NOC suggests some volalility. |
| Average Directional Index/ADX (14) | 10.23 | NEGATIVE | The low ADX value for NOC suggests a weak or negative 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)
498.9
-4.63 (-0.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-0.92%
1 Week2.46%
2 Weeks-1.01%
1 Month2.19%
3 Month2.76%
6 Month6.64%
12 Month14.76%
2 Year12.11%
3 Year4.18%
5 Year53.5%
10 Year188.37%
15 Year750.78%
Volatility
ATR(14)11.86
ATR(20)%2.18%
ATR Inc-4.94%
Range Today9.5
ADR(20)9.95
ADR(20)%1.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.54
Mansfield-0.61
10 Day High508.32
10 Day Low481.28
20 Day High519.43
20 Day Low472.02
52 Week High555.57
52 Week Low422.69
CS1 End492.99
CR1 Start511.26
Volume & EV
DER(3)2.2%
DER(5)0.92%
Volume817.50K
Volume Incr-9.16%
Vol(5)772.76K
Vol(50)1.05M