NOV INC (NOV) Technical Analysis
NYSE:NOV • US62955J1034
Current stock price
18.68 USD
+0.09 (+0.48%)
At close:
18.68 USD
0 (0%)
After Hours:
NOV Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to NOV. In the last year, NOV was one of the better performers, but we do observe some doubts in the very recent evolution.
- NOV is one of the lesser performing stocks in the Energy Equipment & Services industry. 69% of 60 stocks in the same industry do better.
- NOV is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that NOV is one of the better performing stocks in the market, outperforming 85% of all stocks.
- NOV is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NOV is performing more or less in line with the market.
- NOV has an average volume of 5076890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NOV Weekly and Daily overview Charts
NOV Setup Rating and Analysis
Besides having an excellent technical rating, NOV also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 18.64, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NOV in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
NOV Support and Resistance Analysis
11.88
20.84
We found 2 important support areas.
- A support zone ranging from 18.19 to 18.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.00 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 20.39 to 20.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
NOV Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for NOV is neutral. |
| ChartMill Relative Strength | 85.81 | POSITIVE | NOV has a high relative strength, it outperformed 85.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NOV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NOV is below 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) | 47.38 | NEUTRAL | The RSI value for NOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests NOV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.59 | NEUTRAL | The Stochastics value for NOV is a neutral value. |
| Average True Range in percent/ATR (20) | 3.68 | MEDIUM VOLATILITY | The ATR as a percentage value for NOV suggests some volalility. |
| Average Directional Index/ADX (14) | 19.05 | NEGATIVE | The low ADX value for NOV suggests a weak or negative trend. |
NOV Chart- and CandleStick Pattern Analysis
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)
NOV Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 19.47 | 18.18 | 1.29 (6.63%) | 15.09% |
| An entry @19.47. This is a Buy Stop order right above the 10 day high. | An exit @18.18. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.29 points, which is 6.63%. | When investing 15.09% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NOV Technicals: Chart, Performance Metrics, Trend & Indicators
18.68
+0.09 (+0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg0.48%
1 Week1.36%
2 Weeks0.59%
1 Month-8.39%
3 Month19.21%
6 Month48.02%
12 Month27.6%
2 Year-4.3%
3 Year0.92%
5 Year36.15%
10 Year-39.94%
15 Year-73.84%
Volatility
ATR(14)0.67
ATR(20)%3.68%
ATR Inc12.5%
Range Today0.5
ADR(20)0.66
ADR(20)%3.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.81
3 months CRS91.84
6 months CRS94.85
Mansfield2.6
10 Day High19.46
10 Day Low17.82
20 Day High20.86
20 Day Low17.82
52 Week High20.86
52 Week Low10.84
CS1 End18.64
CR1 Start20.39
Volume & EV
DER(3)4.29%
DER(5)4.55%
Volume8.14M
Volume Incr39.46%
Vol(5)6.38M
Vol(50)5.08M
NOV INC / NOV TA FAQ
What is the technical rating for NOV stock?
ChartMill assigns a technical rating of 7 / 10 to NOV.
Can you provide the trend direction for NOV INC?
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 47.3806. This indicates that the stock is currently neutral.
What is the MACD signal for NOV stock?
The MACD indicator for NOV INC (NOV) has a value of -0.127254, indicating a bearish trend.