NOV INC (NOV) Stock Technical Analysis
USA - NYSE:NOV - US62955J1034 - Common Stock
Overall NOV gets a technical rating of 5 out of 10. NOV has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
NOV has an average technical rating and it also 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.
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11.49
We found 4 important support areas.
- A support zone ranging from 13.05 to 13.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.36 from a trend line in the daily time frame.
- A support zone ranging from 11.83 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 13.98 to 14.17. 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 | NEUTRAL | NEUTRAL | The long term trend for NOV is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NOV is up. |
| ChartMill Relative Strength | 22.52 | NEGATIVE | NOV has a low relative strength, it was outperformed by 77.48% 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) | DOWN | MIXED | The current price of NOV is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.72 | NEUTRAL | The RSI value for NOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests NOV has a positive trend. |
| Stochastics (14,3) | 80.24 | OVERBOUGHT | The high Stochastics value suggests NOV may be overbought. |
| Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for NOV suggests some volalility. |
| Average Directional Index/ADX (14) | 16.83 | NEGATIVE | The low ADX value for NOV suggests a weak or negative trend. |
13.84
-0.24 (-1.7%)
NOV INC / NOV FAQ
What is the technical rating for NOV stock?
ChartMill assigns a technical rating of 5 / 10 to NOV.
What is the trend direction for NOV stock?
The current trend direction for NOV INC (NOV) is Bearish.
What is the RSI signal for NOV stock?
NOV INC (NOV) has an RSI value of 59.7224. 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 13.19 and a resistance level at 13.98. Check the full technical report for our detailed analysis of NOV support and resistance levels.