NORTHERN OIL AND GAS INC (NOG) Stock Technical Analysis
USA - NYSE:NOG - US6655313079 - Common Stock
21.86 USD
-0.46 (-2.06%)
21.91 USD
+0.05 (+0.23%)
Taking everything into account, NOG scores 1 out of 10 in our technical rating. NOG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
90% of all other stocks performed better in the past year than NOG.
NOG is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry, of which 84% are performing better than NOG.
NOG is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so NOG is lagging the market.
In the last month NOG has a been trading in the 20.18 - 23.15 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
NOG has an average volume of 2102810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, NOG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
20.28
43.70
When analyzing the support we can see 2 important areas.
- A support zone ranging from 21.55 to 21.73. 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.
- A resistance zone ranging from 22.04 to 22.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @24.47 from a trend line in the weekly time frame.
- A resistance zone ranging from 25.26 to 25.41. 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 | NEUTRAL | NEUTRAL | The short term trend for NOG is neutral. |
| ChartMill Relative Strength | 10.93 | NEGATIVE | NOG has a low relative strength, it was outperformed by 89.07% 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) | DOWN | NEGATIVE | The current price of NOG is below a declining 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) | 46.78 | NEUTRAL | The RSI value for NOG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests NOG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.42 | NEUTRAL | The Stochastics value for NOG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.01 | MEDIUM VOLATILITY | The ATR as a percentage value for NOG suggests some volalility. |
| Average Directional Index/ADX (14) | 16.1 | NEGATIVE | The low ADX value for NOG suggests a weak or negative 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)
21.86
-0.46 (-2.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.06%
1 Week-1.35%
2 Weeks-0.86%
1 Month2.63%
3 Month-12.91%
6 Month-18.86%
12 Month-49.4%
2 Year-41.58%
3 Year-39.93%
5 Year249.76%
10 Year-57.39%
15 Year-90.43%
Volatility
ATR(14)0.87
ATR(20)%4.01%
ATR Inc-22.89%
Range Today0.66
ADR(20)0.8
ADR(20)%3.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.93
3 months CRS21.1
6 months CRS14.22
Mansfield-3.17
10 Day High23.15
10 Day Low20.18
20 Day High23.15
20 Day Low20.18
52 Week High44.31
52 Week Low19.88
CS1 End21.73
CR1 Start22.04
Volume & EV
DER(3)2.26%
DER(5)1.06%
Volume1.62M
Volume Incr-29.07%
Vol(5)1.62M
Vol(50)2.10M
NORTHERN OIL AND GAS INC / NOG FAQ
What is the technical rating for NOG stock?
ChartMill assigns a technical rating of 1 / 10 to NOG.
Can you provide the trend direction for NORTHERN OIL AND GAS INC?
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 46.7772. This indicates that the stock is currently neutral.
What is the support and resistance level for NOG stock?
NORTHERN OIL AND GAS INC (NOG) has a support level at 21.73 and a resistance level at 22.04. Check the full technical report for our detailed analysis of NOG support and resistance levels.