NOV INC (NOV)

US62955J1034 - Common Stock

18.01  -0.15 (-0.83%)

After market: 18.01 0 (0%)

Technical Rating and Analysis

1

We assign a technical rating of 1 out of 10 to NOV. NOV has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames 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.
In the last month NOV has a been trading in the 17.15 - 18.84 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
NOV has an average volume of 2953730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, NOV outperforms 64% of them, which is more or less in line with the market.
NOV is an average performer in the Energy Equipment & Services industry, it outperforms 57% of 65 stocks in the same industry.
NOV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NOV is lagging the market.
Weekly and Daily overview Charts
NOV Weekly chart
NOV Daily chart
Setup Rating and Analysis

8

NOV has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 18.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.10, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

15.03

21.82

We found 2 important support areas.

  • A support zone ranging from 16.87 to 17.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @15.18 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 5 important areas.

  • A resistance zone ranging from 18.19 to 18.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 19.10 to 19.35. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Resistance @19.69 from a trend line in the weekly time frame.
  • A resistance zone ranging from 20.36 to 20.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @21.60 from a horizontal line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.28
Mansfield-1.86
10 Day High18.45
10 Day Low17.15
20 Day High18.84
20 Day Low17.15
52 Week High21.91
52 Week Low15.17
Performance
1 Week0.61%
2 Weeks3.51%
1 Month-1.26%
3 Month-5.76%
6 Month-11.93%
12 Month18.49%
2 Year6.51%
3 Year17.56%
5 Year-18.98%
10 Year-78.13%
15 Year-38.79%
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)
Technical Indicators
MACD(12,26,9)0.08
RSI(14)48.04
LBB17.1
UBB18.39
NOV Daily chart

NOV INC

NYSE:NOV (6/21/2024, 7:14:46 PM)

After market: 18.01 0 (0%)

18.01

-0.15 (-0.83%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-0.83%
1 Week0.61%
2 Weeks3.51%
1 Month-1.26%
3 Month-5.76%
6 Month-11.93%
12 Month18.49%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.52
ATR(20)%2.79%
ATR Inc
Range Today0.4
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High18.45
10 Day Low17.15
20 Day High18.84
20 Day Low17.15
52 Week High21.91
52 Week Low15.17
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume4.88M
Volume Incr10.78%
Vol(5)3.15M
Vol(50)2.95M