NORTHERN OIL AND GAS INC (NOG) Stock Technical Analysis
NYSE:NOG - New York Stock Exchange, Inc. - US6655313079 - Common Stock - Currency: USD
Overall NOG gets a technical rating of 5 out of 10. In the past year, NOG was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
80% of all other stocks performed better in the past year than NOG.
NOG is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry, of which 63% are performing better than NOG.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
NOG has an average volume of 1839440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NOG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NOG is lagging the market slightly.
In the last month NOG has a been trading in the 26.25 - 32.62 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
NOG has an average technical rating and the quality of the presented setup is also 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.
More info and screens
26.31
43.42
When analyzing the support we can see 2 important areas.
- A support zone ranging from 29.00 to 29.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.58 to 26.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 31.67 to 32.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @42.99 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 | NEUTRAL | NEUTRAL | The long term trend for NOG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NOG is up. |
| ChartMill Relative Strength | 20 | NEGATIVE | NOG has a low relative strength, it was outperformed by 80% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NOG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NOG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NOG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.7 | NEUTRAL | The RSI value for NOG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NOG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.53 | NEUTRAL | The Stochastics value for NOG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.92 | MEDIUM VOLATILITY | The ATR as a percentage value for NOG suggests some volalility. |
| Average Directional Index/ADX (14) | 31.96 | POSITIVE | The high ADX value value for NOG 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)
29.65
-1.61 (-5.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-5.15%
1 Week-7.8%
2 Weeks3.13%
1 Month10.47%
3 Month-1.66%
6 Month-17.73%
12 Month-20.23%
2 Year-13.61%
3 Year17.38%
5 Year253.44%
10 Year-56.2%
15 Year-76.91%
Volatility
ATR(14)1.3
ATR(20)%3.92%
ATR Inc17.12%
Range Today2.15
ADR(20)1.09
ADR(20)%3.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20
Mansfield-1.8
10 Day High32.62
10 Day Low28.76
20 Day High32.62
20 Day Low26.25
52 Week High44.31
52 Week Low19.88
CS1 End29.64
CR1 Start31.67
Volume & EV
DER(3)-0.8%
DER(5)-0.54%
Volume3.64M
Volume Incr57.3%
Vol(5)2.52M
Vol(50)1.84M