NORTHERN OIL AND GAS INC (NOG)       29.88  +0.31 (+1.05%)

29.88  +0.31 (+1.05%)

US6655313079 - Common Stock - After market: 29.88 0 (0%)

Technical Rating

1

We assign a technical rating of 1 out of 10 to NOG. NOG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.



NOG is part of the Oil, Gas & Consumable Fuels industry. There are 385 other stocks in this industry. NOG outperforms 72% of them.
NOG has an average volume of 1882000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that NOG is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
NOG is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month NOG has a been trading in the 25.56 - 34.06 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

Statistics

1 Month 3 Months 6 Months 12 Months -7.09% -3.05% 9.01% 4.77% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 74.91 21.45 - 39.1
NOG Weekly chart
NOG Daily chart

Support/Resistance Analysis


26.12

37.39
When analyzing the support we notice one important area.
  • A support zone ranging from 26.38 to 26.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
  • A resistance zone ranging from 29.89 to 29.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @32.53 from a trend line in the daily time frame.
  • Resistance @34.62 from a horizontal line in the daily time frame.
  • Resistance @37.02 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

3

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.


NOG Daily chart

NORTHERN OIL AND GAS INC29.88

NYSE:NOG (3/29/2023, 7:23:39 PM)+0.31 (+1.05%)

After market: 29.88 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
Today1.05%
1 Week6.83%
2 Weeks11.99%
1 Month-7.09%
3 Month-3.05%
6 Month9.01%
Volatility
ATR(14)1.5
ATR(20)%4.93%
ATR Inc-61.57%
Range Today0.62
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.91
Mansfield-0.36
10 Day High29.95
10 Day Low25.6
20 Day High34.06
20 Day Low25.56
52 Week High39.1
52 Week Low21.45
CS1 End26.57
CR1 Start29.89
Volume & EV
DER(3)1.67%
DER(5)1.04%
Volume974.10K
Volume Incr-32.36%
Vol(5)1.09M
Vol(50)1.88M

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