NOV INC (NOV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NOV - US62955J1034 - Common Stock
16.06 USD
+0.12 (+0.75%)
16.06 USD
0 (0%)
Overall NOV gets a technical rating of 9 out of 10. 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.
The long and short term trends are both positive. This is looking good!
NOV is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
NOV is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
NOV has an average volume of 4214530 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 82% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
NOV is part of the Energy Equipment & Services industry. There are 60 other stocks in this industry, NOV did better than 61% of them.
Besides having an excellent technical rating, NOV also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
11.49
16.48
5 important support areas can be observed.
- A support zone ranging from 15.24 to 15.45. 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 14.37 to 14.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.64 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 | 82.02 | POSITIVE | NOV has a high relative strength, it outperformed 82.02% 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) | 61.38 | NEUTRAL | The RSI value for NOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests NOV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.58 | OVERBOUGHT | The high Stochastics value suggests NOV may be overbought. |
| Average True Range in percent/ATR (20) | 3.14 | MEDIUM VOLATILITY | The ATR as a percentage value for NOV suggests some volalility. |
| Average Directional Index/ADX (14) | 27.35 | POSITIVE | The high ADX value value for NOV suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
16.06
+0.12 (+0.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg0.75%
1 Week4.76%
2 Weeks6.85%
1 Month2.69%
3 Month24.59%
6 Month17.57%
12 Month7.28%
2 Year-20.81%
3 Year-23.12%
5 Year16.97%
10 Year-52.05%
15 Year-73.49%
Volatility
ATR(14)0.49
ATR(20)%3.14%
ATR Inc-35.64%
Range Today0.35
ADR(20)0.5
ADR(20)%3.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.02
3 months CRS91.28
6 months CRS76.1
Mansfield0.48
10 Day High16.48
10 Day Low14.82
20 Day High16.48
20 Day Low14.3
52 Week High16.66
52 Week Low10.84
CS1 End15.45
CR1 Start16.17
Volume & EV
DER(3)-3.2%
DER(5)-1.46%
Volume2.93M
Volume Incr-21.64%
Vol(5)3.38M
Vol(50)4.21M
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 61.3829. 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 15.45 and a resistance level at 16.17. Check the full technical report for our detailed analysis of NOV support and resistance levels.