NORTHERN OIL AND GAS INC (NOG) Stock Technical Analysis
NYSE:NOG - US6655313079 - Common Stock
24.84 USD
-1.18 (-4.53%)
25.02 USD
+0.18 (+0.72%)
Taking everything into account, NOG scores 1 out of 10 in our technical rating. 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, NOG is a bad performer in the overall market: 91% of all stocks are doing better.
NOG is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 82% of 210 stocks in the same industry do better.
NOG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
NOG has an average volume of 1795260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month NOG has a been trading in the 22.75 - 26.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of NOG is bad and it also does not present a quality setup 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
22.90
43.70
We found 2 important support areas.
- Support @24.65 from a trend line in the weekly time frame.
- A support zone ranging from 23.13 to 23.46. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- Resistance @26.16 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 26.58 to 27.12. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 9.75 | NEGATIVE | NOG has a low relative strength, it was outperformed by 90.25% 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) | 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) | 44.23 | NEUTRAL | The RSI value for NOG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests NOG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.87 | NEUTRAL | The Stochastics value for NOG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.54 | MEDIUM VOLATILITY | The ATR as a percentage value for NOG suggests some volalility. |
| Average Directional Index/ADX (14) | 18.09 | 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)
24.84
-1.18 (-4.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-4.53%
1 Week-5.19%
2 Weeks4.72%
1 Month0.73%
3 Month-13.6%
6 Month-9.64%
12 Month-28.93%
2 Year-38.25%
3 Year-9.38%
5 Year332.75%
10 Year-43.8%
15 Year-85.34%
Volatility
ATR(14)0.9
ATR(20)%3.54%
ATR Inc53.01%
Range Today1.57
ADR(20)0.85
ADR(20)%3.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.75
Mansfield-2.98
10 Day High26.75
10 Day Low23.84
20 Day High26.75
20 Day Low22.75
52 Week High44.31
52 Week Low19.88
CS1 End24.65
CR1 Start26.16
Volume & EV
DER(3)-0.05%
DER(5)0.49%
Volume1.24M
Volume Incr-23.38%
Vol(5)1.46M
Vol(50)1.80M