NORTHERN OIL AND GAS INC (NOG)       32.71  -1.21 (-3.57%)

32.71  -1.21 (-3.57%)

US6655313079 - Common Stock

Technical Rating

8

We assign a technical rating of 8 out of 10 to NOG. In the last year, NOG was one of the better performers, but we do observe some doubts in the very recent evolution.



The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that NOG is one of the better performing stocks in the market, outperforming 97% of all stocks. We also observe that the gains produced by NOG over the past year are nicely spread over this period.
NOG is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 83% of 391 stocks in the same industry.
NOG is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so NOG slightly outperforms the market at the moment.
NOG has an average volume of 1695940 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 33.51 - 39.02 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months -3.06% 7.99% -8.37% 67.09% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 97.6 17.515 - 39.1
NOG Weekly chart
NOG Daily chart

Support/Resistance Analysis


26.16

37.76
We found 4 important support areas.
  • Support @29.36 from a horizontal line in the daily time frame.
  • Support @28.41 from a trend line in the weekly time frame.
  • Support @27.29 from a trend line in the weekly time frame.
  • Support @26.42 from a trend line in the daily time frame.
2 important resistance areas can be observed.
  • A resistance zone ranging from 33.67 to 33.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 37.02 to 37.39. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

3

Although NOG has an excellent technical rating, it does not present a decent entry opportunity 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.


NOG Daily chart

NORTHERN OIL AND GAS INC32.71

NYSE:NOG (12/6/2022, 2:55:06 PM)-1.21 (-3.57%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Oil, Gas & Consumable Fuels
Performance
Today -3.57% 1 Week -2.28%
2 Weeks -6.97% 1 Month -3.06%
3 Month 7.99% 6 Month -8.37%
Volatility
ATR(14) 1.65 ATR(20)% 5.07%
ATR Inc 36.66% Range Today 1.82
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 97.6 Mansfield 2.21
10 Day High 37.09 10 Day Low 33.51
20 Day High 39.02 20 Day Low 33.51
52 Week High 39.1 52 Week Low 17.52
CS1 End 33.91 CR1 Start 37.02
Volume & EV
DER(3) 0.29% DER(5) -0.2%
Volume 777.49K Volume Incr -18.55%
Vol(5) 1.34M Vol(50) 1.70M

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