What implications does the 10-day RSI indicator have for NOV?

The 10-day RSI Indicator for NOV moved out of overbought territory on July 17, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 43 similar instances where the indicator moved out of overbought territory. In 33 of the 43 cases, the stock moved lower in the following days. This puts the odds of a move lower at 77%.

What does the Stochastic Oscillator suggest about NOV's trend?

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 47 of 63 cases where NOV's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 75%.

How did NOV's Momentum indicator behave recently?

The Momentum Indicator moved above the 0 level on July 15, 2024. You may want to consider a long position or call options on NOV as a result. In 68 of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 75%.

What does MACD indicator imply for NOV?

The Moving Average Convergence Divergence (MACD) for NOV just turned positive on July 26, 2024. Looking at past instances where NOV's MACD turned positive, the stock continued to rise in 29 of 40 cases over the following month. The odds of a continued upward trend are 73%.

What is the significance of the 50-day moving average indicator for NOV?

NOV moved above its 50-day moving average on July 25, 2024 date and that indicates a change from a downward trend to an upward trend.

What is the significance of the 10-day moving average indicator for NOV?

The 10-day moving average for NOV crossed bullishly above the 50-day moving average on July 16, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 11 of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 69%.

What does a 3-day decline signify for NOV's future price movement?

Following a 3-day decline, the stock is projected to fall further. Considering past instances where NOV declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 73%.

What does NOV breaking above its upper Bollinger Band indicate?

NOV broke above its upper Bollinger Band on June 25, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

How does the Aroon Indicator reflect on NOV's trend?

The Aroon Indicator entered an Uptrend today. In 165 of 248 cases where NOV Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 67%.

NOV

AS OF

Jul 26 closing price

Price

$19.87

Change

+$1.20 (+6.43%)

Capitalization

7.76B

90 days until earnings call

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Vitalii Liubimov

published in Blogs

Apr 23, 2019

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Bearish signal on National Oilwell Varco ahead of earnings

Oil equipment manufacturer National Oilwell Varco (NYSE: NOV) is scheduled to report first quarter earnings on Thursday, April 25. Analysts expect the company to report a loss of $0.01 per share for the quarter after reporting a loss of $0.21 per share in the first quarter of 2018.

The chart shows that the stock fell 8.39% on April 12 after it had moved in to overbought territory based on the 10-day RSI and the daily stochastic readings. The stochastics made a bearish crossover on the big decline and the RSI dropped sharply.

The Tickeron AI Trend Prediction Tool generated a bearish signal for National Oilwell Varco on April 12 and that signal calls for a decline of at least 4% in the next month. The signal showed a confidence level of 55% which isn’t that high, but the past signals on the stock have been successful 79% of the time.

To be blunt, the company’s fundamentals aren’t very good. Sales have declined by 14% per year over the last three years and the profit margin is only 0.5%. It showed earnings growth of 175% in the fourth quarter, but that is a little misleading. The company earned $0.09 per share for the fourth quarter and that is an improvement over the loss of $0.04 in the fourth quarter of 2017.

In the last three earnings reports, National Oilwell has earned $0.09, broke even, and earned $0.06. Prior to that stretch, the company had been losing money for several years.

Related Ticker: NOV

NOV in +8.88% Uptrend, advancing for three consecutive days on July 26, 2024

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where NOV advanced for three days, in of 291 cases, the price rose further within the following month. The odds of a continued upward trend are .

Notable companies

The most notable companies in this group are Schlumberger Limited (NYSE:SLB), Halliburton Company (NYSE:HAL), Valaris Limited (NYSE:VAL).

Industry description

The oilfield services/equipment industry is involved in providing various equipment and services to oil and natural gas producers. These companies rent drilling rigs and/or provide services to build and maintain oil and gas wells. The performance of this industry is dependent on demand for oil and natural gas, which in turn is often driven by macroeconomic conditions or business cycles. Schlumberger NV, Halliburton Company, and Baker Hughes are some of the biggest oilfield services companies.

Market Cap

The average market capitalization across the Oilfield Services/Equipment Industry is 3.32B. The market cap for tickers in the group ranges from 717 to 79.1B. SLB holds the highest valuation in this group at 79.1B. The lowest valued company is FLSS at 717.

High and low price notable news

The average weekly price growth across all stocks in the Oilfield Services/Equipment Industry was 1%. For the same Industry, the average monthly price growth was 4%, and the average quarterly price growth was 25%. TAGP experienced the highest price growth at 16%, while ENSV experienced the biggest fall at -18%.

Volume

The average weekly volume growth across all stocks in the Oilfield Services/Equipment Industry was 37%. For the same stocks of the Industry, the average monthly volume growth was 41% and the average quarterly volume growth was 29%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52

P/E Growth Rating: 61

Price Growth Rating: 52

SMR Rating: 69

Profit Risk Rating: 76

Seasonality Score: -3 (-100 ... +100)

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published General Information

General Information

a company which engages in manufacturing of oil & gas drilling field machinery and equipment

Industry OilfieldServicesEquipment

Profile

Fundamentals

Details

Industry

Oilfield Services Or Equipment

Address

10353 Richmond Avenue

Phone

+1 346 223-3000

Employees

32307

Web

https://www.nov.com

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