NOV INC (NOV)

US62955J1034 - Common Stock

15.925  +1.12 (+7.53%)

Technical Rating

0

We assign a technical rating of 0 out of 10 to NOV. NOV's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.



In the last month NOV has a been trading in the 14.05 - 16.09 range, which is quite wide. It is currently trading near the high of this range.
NOV has an average volume of 4933900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, NOV is a bad performer in the overall market: 85% of all stocks are doing better.
NOV is part of the Energy Equipment & Services industry. There are 92 other stocks in this industry, of which 71% are performing better than NOV.
NOV is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

Statistics

1 Month 3 Months 6 Months 12 Months -3.27% -36.11% -34.32% -29.51% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 15.72 13.98 - 24.83
NOV Weekly chart
NOV Daily chart

Support/Resistance Analysis


14.65

23.81
We found 2 important support areas.
  • A support zone ranging from 15.42 to 15.64. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • A support zone ranging from 14.80 to 15.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
  • Resistance @23.57 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

3

The technical rating of NOV 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.


NOV Daily chart

NOV INC

NYSE:NOV (6/2/2023, 2:12:01 PM)

15.925

+1.12 (+7.53%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg7.53%
1 Week-5.25%
2 Weeks-1.27%
1 Month-3.27%
3 Month-36.11%
6 Month-34.32%
12 Month-29.51%
Volatility
ATR(14)0.56
ATR(20)%3.85%
ATR Inc38.61%
Range Today0.98
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.72
Mansfield-2.71
10 Day High15.72
10 Day Low14.05
20 Day High16.09
20 Day Low14.05
52 Week High24.83
52 Week Low13.98
CS1 End14.8
CR1 Start14.91
Volume & EV
DER(3)3.01%
DER(5)3.32%
Volume2.89M
Volume Incr-4.64%
Vol(5)5.29M
Vol(50)4.93M
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