NORTHERN OIL AND GAS INC (NOG) 32.71 -1.21 (-3.57%)
32.71 -1.21 (-3.57%)
US6655313079 - Common Stock
Technical Rating
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
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
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.
NORTHERN OIL AND GAS INC32.71
NYSE:NOG (12/6/2022, 2:55:06 PM)-1.21 (-3.57%)
| GICS Sector | Energy | ||
| GICS Industry | Oil, Gas & Consumable Fuels | ||
| Today | -3.57% | 1 Week | -2.28% |
| 2 Weeks | -6.97% | 1 Month | -3.06% |
| 3 Month | 7.99% | 6 Month | -8.37% |
| ATR(14) | 1.65 | ATR(20)% | 5.07% |
| ATR Inc | 36.66% | Range Today | 1.82 |
| ST Trend | LT Trend | ||
| SMA(5) | SMA(10) | ||
| SMA(20) | SMA(50) | ||
| SMA(100) | SMA(200) |
| 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 |
| 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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