Technical Analysis for NOV - National Oilwell Varco, Inc.

Grade Last Price % Change Price Change
grade B 24.165 2.18% 0.52
NOV closed up 0.98 percent on Wednesday, December 11, 2019, on 63 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up
See historical NOV trend table...

Date Alert Name Type % Chg
Overbought Stochastic Strength 2.18%
Upper Bollinger Band Touch Strength 2.18%
Crossed Above 200 DMA Bullish 3.18%
Outside Day Range Expansion 3.18%
Overbought Stochastic Strength 3.18%
Upper Bollinger Band Touch Strength 3.18%
Fell Below 200 DMA Bearish 4.84%
Narrow Range Bar Range Contraction 4.84%
NR7 Range Contraction 4.84%
Inside Day Range Contraction 4.84%
Older signals for NOV ...

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Profile

National Oilwell Varco, Inc. provides equipment and components for oil and gas drilling and production; oilfield services; and supply chain integration services to the upstream oil and gas industry worldwide. Its Rig Technology segment offers offshore and onshore drilling rigs; derricks; pipe lifting, racking, rotating, and assembly systems; rig instrumentation and turret mooring systems; blowout preventers; coiled tubing equipment and pressure pumping units; well workover rigs; wireline winches and trucks; cranes; flexible pipe; and other products for floating production, storage, and offloading vessels, and other offshore vessels and terminals. The company's Petroleum Services and Supplies segment provides consumable goods and services to drill, complete, remediate, and workover oil and gas wells; and service drill pipe, tubing, casing, flowlines; and other oilfield tubular goods. This segment also engages in the rental and sale of drill pipe, wired drill pipe, transfer pumps, solids control systems, drilling motors, drilling fluids, drill bits, reamers and other downhole tools, and mud pump consumables for drilling operations. In addition, it provides oilfield tubular services, such as inspection and internal coating services; equipment for drill pipe, line pipe, tubing, casing, and pipelines; and coiled tubing pipe and composite pipe. National Oilwell Varco, Inc.'s Distribution and Transmission segment provides pipe, maintenance, repair, and operating supplies and spare parts to drill site and production locations, pipeline operations, and processing plants; and procurement, materials management, and logistics services, as well as produces water transmission pipe, fabricated steel products, and specialized materials and products for infrastructure projects. This segment also serves waste water treatment, chemical, food and beverage, paper and pulp, mining, agriculture, and municipal markets. The company was founded in 1862 and is headquartered in Houston, Texas.
Technology Mining Food Petroleum Industry Chemical Beverage Petroleum Production Logistics Services Oil Wells Steel Products Oil And Gas Wells Drilling Rig Geotechnical Engineering Coiled Tubing Oilfield Services National Oilwell Varco Well Intervention Oil And Gas Drilling Workover Blowout Preventer Casing Downhole Tools Materials Management

Is NOV a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 32.63
52 Week Low 18.05
Average Volume 3,481,891
200-Day Moving Average 23.04
50-Day Moving Average 22.02
20-Day Moving Average 22.43
10-Day Moving Average 22.93
Average True Range 0.73
ADX 24.98
+DI 28.54
-DI 12.60
Chandelier Exit (Long, 3 ATRs ) 21.65
Chandelier Exit (Short, 3 ATRs ) 23.14
Upper Bollinger Band 23.78
Lower Bollinger Band 21.09
Percent B (%b) 0.95
BandWidth 11.96
MACD Line 0.31
MACD Signal Line 0.20
MACD Histogram 0.1131
Fundamentals Value
Market Cap 8.99 Billion
Num Shares 380 Million
EPS -6.03
Price-to-Earnings (P/E) Ratio -3.92
Price-to-Sales 1.88
Price-to-Book 0.92
PEG Ratio -0.30
Dividend 0.20
Dividend Yield 0.85%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 24.37
Resistance 3 (R3) 24.35 24.09 24.25
Resistance 2 (R2) 24.09 23.91 24.10 24.21
Resistance 1 (R1) 23.87 23.79 23.98 23.89 24.17
Pivot Point 23.61 23.61 23.67 23.62 23.61
Support 1 (S1) 23.39 23.43 23.50 23.41 23.13
Support 2 (S2) 23.13 23.31 23.14 23.09
Support 3 (S3) 22.91 23.13 23.05
Support 4 (S4) 22.93