NORTHERN OIL AND GAS INC (NOG)

US6655313079 - Common Stock

39.68  +0.66 (+1.69%)

After market: 39.7 +0.02 (+0.05%)

Technical Rating and Analysis

10

We assign a technical rating of 10 out of 10 to NOG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NOG is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that NOG is one of the better performing stocks in the market, outperforming 78% of all stocks. We also observe that the gains produced by NOG over the past year are nicely spread over this period.
NOG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NOG is lagging the market slightly.
In the last month NOG has a been trading in the 35.11 - 40.13 range, which is quite wide. It is currently trading near the high of this range.
NOG has an average volume of 1258030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NOG is part of the Oil, Gas & Consumable Fuels industry. There are 214 other stocks in this industry, NOG did better than 67% of them.
Weekly and Daily overview Charts
NOG Weekly chart
NOG Daily chart
Setup Rating and Analysis

6

NOG has an excellent technical rating, but the quality of the setup is only medium 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.

Support and Resistance Analysis

30.71

40.08

We found 4 important support areas.

  • A support zone ranging from 38.85 to 39.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Support @33.15 from a trend line in the weekly time frame.
  • Support @32.07 from a horizontal line in the daily time frame.
  • Support @31.02 from a trend line in the weekly time frame.

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.32
Mansfield-0.61
10 Day High40.13
10 Day Low37.37
20 Day High40.13
20 Day Low35.11
52 Week High43.64
52 Week Low29.57
Performance
1 Week0.51%
2 Weeks5.9%
1 Month11.06%
3 Month7.04%
6 Month-1.37%
12 Month30.74%
2 Year40.76%
3 Year228.48%
5 Year44.82%
10 Year-72.86%
15 Year10.22%
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)
Technical Indicators
MACD(12,26,9)0.09
RSI(14)70.82
LBB36.54
UBB40.41
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
40.1438.841.30 (3.24%)25.00%
An entry @40.14. This is a Buy Stop order right above the 10 day high.An exit @38.84. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 1.30 points, which is 3.24%.For a 0.81% total portfolio risk, you can invest 25.00% 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.
NOG Daily chart

NORTHERN OIL AND GAS INC

NYSE:NOG (3/28/2024, 7:29:12 PM)

After market: 39.7 +0.02 (+0.05%)

39.68

+0.66 (+1.69%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.69%
1 Week0.51%
2 Weeks5.9%
1 Month11.06%
3 Month7.04%
6 Month-1.37%
12 Month30.74%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.78
ATR(20)%2.04%
ATR Inc
Range Today0.6
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High40.13
10 Day Low37.37
20 Day High40.13
20 Day Low35.11
52 Week High43.64
52 Week Low29.57
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.29M
Volume Incr-6.96%
Vol(5)1.19M
Vol(50)1.26M