NOV INC (NOV)       23.27  +0.31 (+1.35%)

23.27  +0.31 (+1.35%)

US62955J1034 - Common Stock - After market: 23.27 0 (0%)

Technical Rating

9

We assign a technical rating of 9 out of 10 to NOV. 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.



The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, NOV did better than 90% of all other stocks.
NOV 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 NOV slightly outperforms the market at the moment.
NOV has an average volume of 2945220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NOV is an average performer in the Energy Equipment & Services industry, it outperforms 67% of 91 stocks in the same industry.
In the last month NOV has a been trading in the 20.84 - 24.83 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Statistics

1 Month 3 Months 6 Months 12 Months 13.57% 0.22% 34.59% 43.55% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 90.25 13.98 - 24.83
NOV Weekly chart
NOV Daily chart

Support/Resistance Analysis


16.16

25.05
We found 4 important support areas.
  • A support zone ranging from 21.52 to 22.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @20.57 from a trend line in the daily time frame.
  • Support @19.85 from a horizontal line in the daily time frame.
  • Support @16.32 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
  • A resistance zone ranging from 23.80 to 23.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @24.80 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

5

NOV has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 22.23, a Stop Loss order could be placed below this zone.


NOV Daily chart

NOV INC23.27

NYSE:NOV (2/3/2023, 7:04:01 PM)+0.31 (+1.35%)

After market: 23.27 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Energy Equipment & Services

Performance
Today 1.35% 1 Week -2.84%
2 Weeks 0.69% 1 Month 13.57%
3 Month 0.22% 6 Month 34.59%

Volatility
ATR(14) 0.98 ATR(20)% 4.11%
ATR Inc 48.35% Range Today 0.98

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 90.25 Mansfield 1.75
10 Day High 24.83 10 Day Low 22.58
20 Day High 24.83 20 Day Low 20.84
52 Week High 24.83 52 Week Low 13.98
CS1 End 22.23 CR1 Start 23.8

Volume & EV
DER(3) 1.14% DER(5) 1.17%
Volume 3.24M Volume Incr 6.65%
Vol(5) 3.44M Vol(50) 2.95M

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