NOV INC (NOV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NOV - US62955J1034 - Common Stock
We assign a technical rating of 9 out of 10 to NOV. Both in the recent history as in the last year, NOV has proven to be a steady performer, scoring decent points in every aspect analyzed.
NOV has an excellent technical rating, but the quality of the setup is only medium 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
5 important support areas can be observed.
- A support zone ranging from 14.71 to 15.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.37 to 14.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 12.63 to 12.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
We found 1 important resistance area.
- A resistance zone ranging from 16.17 to 16.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 81.2 | POSITIVE | NOV has a high relative strength, it outperformed 81.2% 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) | 60.1 | NEUTRAL | The RSI value for NOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests NOV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.25 | OVERBOUGHT | The high Stochastics value suggests NOV may be overbought. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for NOV suggests some volalility. |
| Average Directional Index/ADX (14) | 27.36 | POSITIVE | The high ADX value value for NOV suggests a strong trend. |
15.94
-0.23 (-1.42%)
NOV INC / NOV FAQ
What is the technical rating for NOV stock?
ChartMill assigns a technical rating of 9 / 10 to NOV.
What is the trend direction for NOV stock?
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 60.0997. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NOV INC?
The short term momentum for NOV INC (NOV) is positive.
Can you provide the support and resistance levels for NOV INC?
NOV INC (NOV) has a support level at 15.17 and a resistance level at 16.17. Check the full technical report for our detailed analysis of NOV support and resistance levels.