NORTHERN OIL AND GAS INC (NOG)       28.22  +0.19 (+0.68%)

28.22  +0.19 (+0.68%)

US6655313079 - Common Stock - After market: 28.49 +0.27 (+0.96%)

Technical Rating

Overall NOG gets a technical rating of 9 out of 10. Both in the recent history as in the last year, NOG has proven to be a steady performer, scoring decent points in every aspect analyzed.



The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, NOG did better than 97% of all other 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. This is a good signal, certainly because the S&P500 Index is currently trading in the lower part of its 52 week range.
In the last month NOG has a been trading in the 23.17 - 29.77 range, which is quite wide. It is currently trading near the high of this range.
NOG has an average volume of 1115060. This is a good sign as it is always nice to have a liquid stock.
NOG is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 69% of 406 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

Statistics

1 Month 3 Months 6 Months 12 Months 0.39% 17.83% 35.02% 67.78% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 97.37 14.03 - 30.4373
NOG Weekly chart
NOG Daily chart

Support/Resistance Analysis


23.64

30.02
When analyzing the support we can see 3 important areas.
  • A support zone ranging from 26.48 to 27.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 24.61 to 25.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @23.88 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 29.36 to 29.72. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

NOG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 29.36. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.18, a Stop Loss order could be placed below this zone.


Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
29.7326.473.26 (10.97%)9.12%
An entry @29.73. This is a Buy Stop order right above the resistance zone.An exit @26.47. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 3.26 points, which is 10.97%.For a 1.00% total portfolio risk, you can invest 9.12% 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 INC28.22

NYSE:NOG (5/17/2022, 6:17:33 PM)+0.19 (+0.68%)

After market: 28.49 +0.27 (+0.96%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Oil, Gas & Consumable Fuels
Performance
Today 0.68% 1 Week 7.96%
2 Weeks 10.84% 1 Month 0.39%
3 Month 17.83% 6 Month 35.02%
Volatility
ATR(14) 1.89 ATR(20)% 6.55%
ATR Inc -37.34% Range Today 0.78
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 97.37 Mansfield 3.77
10 Day High 29.39 10 Day Low 24.9
20 Day High 29.77 20 Day Low 23.17
52 Week High 30.44 52 Week Low 14.03
CS1 End 27.18 CR1 Start 29.36
Volume & EV
DER(3) -1.7% DER(5) -0.32%
Volume 848.97K Volume Incr 12.96%
Vol(5) 1.04M Vol(50) 1.12M

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