NORTHERN OIL AND GAS INC (NOG) Stock Technical Analysis
NYSE:NOG - New York Stock Exchange, Inc. - US6655313079 - Common Stock - Currency: USD
Taking everything into account, NOG scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. NOG was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, NOG is a bad performer in the overall market: 75% of all stocks are doing better.
NOG has an average volume of 1850560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
NOG is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry, NOG did better than 43% of them.
NOG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NOG is lagging the market.
In the last month NOG has a been trading in the 26.66 - 32.62 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
28.06
43.42
When analyzing the support we notice one important area.
- A support zone ranging from 28.34 to 28.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 30.75 to 31.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 32.16 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 | NEUTRAL | NEUTRAL | The short term trend for NOG is neutral. |
| ChartMill Relative Strength | 25.66 | NEGATIVE | NOG has a low relative strength, it was outperformed by 74.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NOG is below 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) | 45.06 | NEUTRAL | The RSI value for NOG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests NOG has a negative trend. |
| Stochastics (14,3) | 12.29 | OVERSOLD | The low Stochastics value suggests NOG may be oversold. |
| Average True Range in percent/ATR (20) | 4.1 | MEDIUM VOLATILITY | The ATR as a percentage value for NOG suggests some volalility. |
| Average Directional Index/ADX (14) | 23.84 | NEUTRAL | The ADX value for NOG 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)
28.35
-0.63 (-2.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.17%
1 Week-4.38%
2 Weeks-11.85%
1 Month6.66%
3 Month21.15%
6 Month-25.98%
12 Month-25.53%
2 Year-17.4%
3 Year12.23%
5 Year237.94%
10 Year-58.12%
15 Year-77.92%
Volatility
ATR(14)1.06
ATR(20)%4.1%
ATR Inc-30.54%
Range Today0.66
ADR(20)1.08
ADR(20)%3.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.66
Mansfield-2.32
10 Day High32.27
10 Day Low28.21
20 Day High32.62
20 Day Low26.66
52 Week High44.31
52 Week Low19.88
CS1 End26.58
CR1 Start31.29
Volume & EV
DER(3)-1%
DER(5)-1.74%
Volume2.17M
Volume Incr12.57%
Vol(5)2.15M
Vol(50)1.85M