NOV INC (NOV) Stock Technical Analysis
NYSE:NOV - New York Stock Exchange, Inc. - US62955J1034 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to NOV. In the past year, NOV was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
85% of all other stocks performed better in the past year than NOV.
NOV is one of the lesser performing stocks in the Energy Equipment & Services industry. 61% of 63 stocks in the same industry do better.
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.
NOV has an average volume of 4136830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month NOV has a been trading in the 11.79 - 14.06 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
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.
More info and screens
11.71
18.40
When analyzing the support we can see 2 important areas.
- A support zone ranging from 12.42 to 12.60. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @11.83 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 13.02 to 13.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 13.49 to 13.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.68 from a trend line in the daily time frame.
- Resistance @16.90 from a horizontal line in the daily time frame.
- Resistance @18.22 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for NOV is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NOV is neutral. |
| ChartMill Relative Strength | 15 | NEGATIVE | NOV has a low relative strength, it was outperformed by 85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NOV is below 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 | NEGATIVE | The current price of NOV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.03 | NEUTRAL | The RSI value for NOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests NOV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.64 | OVERSOLD | The low Stochastics value suggests NOV may be oversold. |
| Average True Range in percent/ATR (20) | 3.26 | MEDIUM VOLATILITY | The ATR as a percentage value for NOV suggests some volalility. |
| Average Directional Index/ADX (14) | 15.47 | NEGATIVE | The low ADX value for NOV suggests a weak or negative 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)
12.92
+0.49 (+3.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg3.94%
1 Week-1.22%
2 Weeks-5.62%
1 Month8.03%
3 Month7.94%
6 Month-12.58%
12 Month-28.3%
2 Year-35.66%
3 Year-30.57%
5 Year12.25%
10 Year-69.33%
15 Year-63.38%
Volatility
ATR(14)0.4
ATR(20)%3.26%
ATR Inc57.81%
Range Today0.87
ADR(20)0.4
ADR(20)%3.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15
Mansfield-2.04
10 Day High14.06
10 Day Low12.28
20 Day High14.06
20 Day Low11.79
52 Week High21.2
52 Week Low10.84
CS1 End12.37
CR1 Start13.55
Volume & EV
DER(3)1.81%
DER(5)-0.02%
Volume5.22M
Volume Incr45.65%
Vol(5)5.86M
Vol(50)4.14M