Technical Analysis for NOV - National Oilwell Varco, Inc.

Grade Last Price % Change Price Change
grade D 29.64 -2.66% -0.81
NOV closed up 2.22 percent on Friday, January 18, 2019, on approximately normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Earnings due: Feb 6

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Down Up
See historical NOV trend table...

Date Alert Name Type % Chg
Jan 18 Crossed Above 50 DMA Bullish -2.66%
Jan 18 MACD Bullish Centerline Cross Bullish -2.66%
Jan 18 Multiple of Ten Bullish Other -2.66%
Jan 18 Overbought Stochastic Strength -2.66%
Jan 18 Up 3 Days in a Row Strength -2.66%
Jan 18 Up 4 Days in a Row Strength -2.66%
Jan 18 Up 5 Days in a Row Strength -2.66%
Jan 17 Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -0.50%
Jan 17 Weak + Overbought Other -0.50%
Jan 17 Outside Day Range Expansion -0.50%

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.
Is NOV a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 2 bullish, 2 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 49.08
52 Week Low 24.27
Average Volume 4,237,831
200-Day Moving Average 39.2266
50-Day Moving Average 29.84
20-Day Moving Average 27.365
10-Day Moving Average 29.009
Average True Range 1.0461
ADX 28.48
+DI 26.5142
-DI 14.909
Chandelier Exit (Long, 3 ATRs ) 27.4317
Chandelier Exit (Short, 3 ATRs ) 27.4083
Upper Bollinger Band 30.9262
Lower Bollinger Band 23.8038
Percent B (%b) 0.93
BandWidth 26.027407
MACD Line 0.1324
MACD Signal Line -0.4944
MACD Histogram 0.6268
Fundamentals Value
Market Cap 11.57 Billion
Num Shares 380 Million
EPS -6.03
Price-to-Earnings (P/E) Ratio -5.05
Price-to-Sales 1.88
Price-to-Book 0.92
PEG Ratio -0.30
Dividend 0.20
Dividend Yield 0.66%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 31.83
Resistance 3 (R3) 31.72 31.14 31.60
Resistance 2 (R2) 31.14 30.79 31.20 31.52
Resistance 1 (R1) 30.80 30.57 30.97 30.91 31.45
Pivot Point 30.22 30.22 30.31 30.28 30.22
Support 1 (S1) 29.88 29.87 30.05 29.99 29.45
Support 2 (S2) 29.30 29.65 29.36 29.38
Support 3 (S3) 28.96 29.30 29.30
Support 4 (S4) 29.07