NORTHERN OIL AND GAS INC (NOG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NOG - US6655313079 - Common Stock
We assign a technical rating of 1 out of 10 to NOG. NOG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, NOG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 21.68, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NOG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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20.28
We found 2 important support areas.
- A support zone ranging from 21.31 to 21.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.48 to 20.60. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 4 important resistance areas.
- Resistance @23.36 from a trend line in the weekly time frame.
- Resistance @23.76 from a trend line in the daily time frame.
- A resistance zone ranging from 24.85 to 24.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @43.27 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 | DOWN | NEGATIVE | The long term trend for NOG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NOG is down. |
| ChartMill Relative Strength | 12.87 | NEGATIVE | NOG has a low relative strength, it was outperformed by 87.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NOG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NOG is below 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) | 47.95 | NEUTRAL | The RSI value for NOG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests NOG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.38 | NEUTRAL | The Stochastics value for NOG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.73 | MEDIUM VOLATILITY | The ATR as a percentage value for NOG suggests some volalility. |
| Average Directional Index/ADX (14) | 14.04 | NEGATIVE | The low ADX value for NOG suggests a weak or negative trend. |
22.01
+0.54 (+2.52%)
NORTHERN OIL AND GAS INC / NOG FAQ
Can you provide the ChartMill technical rating for NORTHERN OIL AND GAS INC?
ChartMill assigns a technical rating of 1 / 10 to NOG.
What is the trend direction for NOG stock?
The current trend direction for NORTHERN OIL AND GAS INC (NOG) is Bearish.
What is the RSI signal for NORTHERN OIL AND GAS INC (NOG) stock?
NORTHERN OIL AND GAS INC (NOG) has an RSI value of 47.9476. This indicates that the stock is currently neutral.
What is the short term momentum for NORTHERN OIL AND GAS INC (NOG) stock?
The short term momentum for NORTHERN OIL AND GAS INC (NOG) is negative.
What is the buy/sell signal for NOG stock?
The buy/sell signal for NORTHERN OIL AND GAS INC (NOG) is sell as both the short term and long term trends are negative.