NORTHERN OIL AND GAS INC (NOG)
US6655313079 - Common Stock
We assign a technical rating of 8 out of 10 to NOG. Although NOG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
NOG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NOG is lagging the market slightly.
In the last month NOG has a been trading in the 35.65 - 42.58 range, which is quite wide. It is currently trading near the high of this range.
NOG has an average volume of 1252160 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, NOG outperforms 58% of them, which is more or less in line with the market.
NOG is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 62% of 204 stocks in the same industry.
NOG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 42.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 41.09, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
33.17
43.99
We found 4 important support areas.
- A support zone ranging from 40.49 to 41.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @36.51 from a trend line in the daily time frame.
- Support @35.47 from a trend line in the weekly time frame.
- Support @33.50 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 42.37 to 43.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.3
Mansfield-0.11
10 Day High42.58
10 Day Low39.89
20 Day High42.58
20 Day Low35.65
52 Week High43.8
52 Week Low31.13
Performance
1 Week3.52%
2 Weeks4.44%
1 Month13.6%
3 Month6.89%
6 Month7.05%
12 Month12.67%
2 Year16.35%
3 Year107.75%
5 Year137.87%
10 Year-51.28%
15 Year-53.73%
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)0.26
RSI(14)68.97
LBB37.07
UBB43.72
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 |
|---|---|---|---|
| 43.56 | 40.48 | 3.08 (7.07%) | 14.14% |
| An entry @43.56. This is a Buy Stop order right above the resistance zone. | An exit @40.48. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.08 points, which is 7.07%. | For a 1.00% total portfolio risk, you can invest 14.14% of your capital in this trade. |
- 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.
NORTHERN OIL AND GAS INC
NYSE:NOG (11/21/2024, 5:05:01 PM)
After market: 42.34 0 (0%)42.34
+0.77 (+1.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.85%
1 Week3.52%
2 Weeks4.44%
1 Month13.6%
3 Month6.89%
6 Month7.05%
12 Month12.67%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.25
ATR(20)%2.85%
ATR Inc
Range Today0.78
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 High42.58
10 Day Low39.89
20 Day High42.58
20 Day Low35.65
52 Week High43.8
52 Week Low31.13
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.03M
Volume Incr-24.46%
Vol(5)879.75K
Vol(50)1.25M