Technical Analysis for NOV - National Oilwell Varco, Inc.

Grade Last Price % Change Price Change
C 18.49 -2.74% -0.52
NOV closed down 2.74 percent on Monday, July 1, 2024, on approximately normal volume. It was able to find support at its 50 day moving average. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Flat Flat

Date Alert Name Type % Chg
Fell Below 200 DMA Bearish 0.00%
50 DMA Support Bullish 0.00%
Overbought Stochastic Strength 0.00%
Stochastic Sell Signal Bearish -2.74%
Crossed Above 200 DMA Bullish -2.74%
Gapped Up Strength -2.74%
Overbought Stochastic Strength -2.74%
Narrow Range Bar Range Contraction -2.07%
Overbought Stochastic Strength -2.07%
MACD Bullish Centerline Cross Bullish -1.91%

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Profile

National Oilwell Varco, Inc. Description

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.


Classification

Sector: Energy
Industry: Oil & Gas Equipment & Services
Keywords: Mining Chemical Petroleum Industry Beverage Petroleum Production Logistics Services Oil Wells Oil And Gas Industry Steel Products Gas Wells Crane Drilling Rig Field Services Technology Segment Oil And Gas Wells Geotechnical Engineering Oilfield Services Workover Well Intervention Coiled Tubing Drill Bit Drilling Fluid National Oilwell Varco Oil And Gas Drilling Upstream Oil And Gas Materials Management Mooring Downhole Tools Assembly Systems Tubular Services

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 21.64
52 Week Low 15.5299
Average Volume 3,039,414
200-Day Moving Average 18.98
50-Day Moving Average 18.40
20-Day Moving Average 18.02
10-Day Moving Average 18.51
Average True Range 0.48
RSI (14) 52.38
ADX 13.92
+DI 26.31
-DI 22.70
Chandelier Exit (Long, 3 ATRs) 17.72
Chandelier Exit (Short, 3 ATRs) 18.52
Upper Bollinger Bands 19.19
Lower Bollinger Band 16.86
Percent B (%b) 0.7
BandWidth 12.94
MACD Line 0.13
MACD Signal Line 0.00
MACD Histogram 0.1306
Fundamentals Value
Market Cap 7.28 Billion
Num Shares 394 Million
EPS 2.50
Price-to-Earnings (P/E) Ratio 7.40
Price-to-Sales 0.79
Price-to-Book 1.09
PEG Ratio 0.24
Dividend 0.20
Dividend Yield 1.08%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 19.57
Resistance 3 (R3) 19.65 19.37 19.39
Resistance 2 (R2) 19.37 19.09 19.33 19.33
Resistance 1 (R1) 18.93 18.93 18.79 18.85 19.27
Pivot Point 18.65 18.65 18.58 18.61 18.65
Support 1 (S1) 18.21 18.37 18.07 18.13 17.71
Support 2 (S2) 17.93 18.21 17.89 17.65
Support 3 (S3) 17.49 17.93 17.59
Support 4 (S4) 17.41