NORTHERN OIL AND GAS INC (NOG) Stock Technical Analysis
USA - NYSE:NOG - US6655313079 - Common Stock
Taking everything into account, NOG scores 0 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.
NOG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 22.13. Right above this resistance zone may be a good entry point.
More info and screens
21.39
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 22.13 to 22.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @25.27 from a trend line in the weekly time frame.
- Resistance @25.79 from a trend line in the daily time frame.
- 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 | 9.35 | NEGATIVE | NOG has a low relative strength, it was outperformed by 90.65% 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) | 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) | 45.01 | NEUTRAL | The RSI value for NOG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests NOG has a positive trend. |
| Stochastics (14,3) | 20.78 | NEUTRAL | The Stochastics value for NOG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.29 | MEDIUM VOLATILITY | The ATR as a percentage value for NOG suggests some volalility. |
| Average Directional Index/ADX (14) | 23.27 | NEUTRAL | The ADX value for NOG suggests a possible start of a new trend. |
21.61
+1.13 (+5.52%)
NORTHERN OIL AND GAS INC / NOG FAQ
What is the technical rating for NOG stock?
ChartMill assigns a technical rating of 0 / 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 45.0126. This indicates that the stock is currently neutral.
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.
What is the support and resistance level for NOG stock?
NORTHERN OIL AND GAS INC (NOG) has a resistance level at 22.13. Check the full technical report for our detailed analysis of NOG support and resistance levels.