NOV INC (NOV) Stock Technical Analysis
NYSE:NOV - US62955J1034 - Common Stock
13.1 USD
+0.69 (+5.56%)
13.1 USD
0 (0%)
Taking everything into account, NOV scores 0 out of 10 in our technical rating. 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
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 61 other stocks in this industry, of which 60% 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.
NOV has an average volume of 4162140 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 11.78 - 14.24 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of NOV is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
11.49
14.31
When analyzing the support we can see 2 important areas.
- 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.
We can see 2 important resistance areas.
- Resistance @13.52 from a trend line in the weekly time frame.
- A resistance zone ranging from 13.79 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 | 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 | 15.78 | NEGATIVE | NOV has a low relative strength, it was outperformed by 84.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NOV is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NOV is above a declining 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) | 59 | 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) | 71.03 | NEUTRAL | The Stochastics value for NOV is a neutral value. |
| Average True Range in percent/ATR (20) | 3.31 | MEDIUM VOLATILITY | The ATR as a percentage value for NOV suggests some volalility. |
| Average Directional Index/ADX (14) | 18.06 | 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)
13.1
+0.69 (+5.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg5.56%
1 Week7.64%
2 Weeks10.08%
1 Month-6.23%
3 Month7.91%
6 Month-13.3%
12 Month-27.22%
2 Year-38%
3 Year-25.86%
5 Year9.17%
10 Year-69.05%
15 Year-61.36%
Volatility
ATR(14)0.38
ATR(20)%3.31%
ATR Inc55.43%
Range Today0.67
ADR(20)0.39
ADR(20)%2.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.78
Mansfield-1.69
10 Day High13.14
10 Day Low11.78
20 Day High14.24
20 Day Low11.78
52 Week High18.4
52 Week Low10.84
CS1 End11.96
CR1 Start13.52
Volume & EV
DER(3)5.31%
DER(5)5.47%
Volume4.03M
Volume Incr-20.52%
Vol(5)3.32M
Vol(50)4.16M