NOV INC (NOV) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:NOV • US62955J1034
Overall NOV gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NOV is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- A new 52 week high is currently being made by NOV, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month NOV has a been trading in the 16.67 - 19.51 range, which is quite wide. It is currently trading near the high of this range.
- NOV has an average volume of 3991210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, NOV did better than 84% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- NOV is an average performer in the Energy Equipment & Services industry, it outperforms 53% of 61 stocks in the same industry.
- Volume is considerably higher in the last couple of days.
Although NOV has an excellent technical rating, it does not offer a high 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
11.49
4 important support areas can be observed.
- A support zone ranging from 18.14 to 18.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.48 from a trend line in the daily time frame.
- A support zone ranging from 11.84 to 11.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.61 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for NOV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NOV is up. |
| ChartMill Relative Strength | 84.12 | POSITIVE | NOV has a high relative strength, it outperformed 84.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NOV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NOV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NOV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.67 | NEUTRAL | The RSI value for NOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NOV has a positive trend. |
| Stochastics (14,3) | 73.42 | NEUTRAL | The Stochastics value for NOV is a neutral value. |
| Average True Range in percent/ATR (20) | 3.23 | MEDIUM VOLATILITY | The ATR as a percentage value for NOV suggests some volalility. |
| Average Directional Index/ADX (14) | 35.04 | POSITIVE | The high ADX value value for NOV suggests a strong trend. |
19.38
+0.61 (+3.25%)
NOV INC / NOV FAQ
What is the technical rating for NOV stock?
ChartMill assigns a technical rating of 9 / 10 to NOV.
Can you provide the trend direction for NOV INC?
The current trend direction for NOV INC (NOV) is Bullish.
What is the RSI signal for NOV stock?
NOV INC (NOV) has an RSI value of 69.6728. This indicates that the stock is currently neutral.
What is the MACD signal for NOV stock?
The MACD indicator for NOV INC (NOV) has a value of 0.0122041, indicating a bearish trend.
Can you provide the buy/sell signal for NOV INC?
The buy/sell signal for NOV INC (NOV) is buy as both the short term and long term trends are positive.