National Oilwell Varco Technical Analysis (NYSE:NOV)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the National Oilwell Varco stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the NOV stock chart which creates a trading signal.
See National Oilwell Varco bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of National Oilwell Varco stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
National Oilwell Varco Moving Average
Moving averages show the NOV stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $45.25 is above the price of $44.45.
National Oilwell Varco Bollinger Bands
Bollinger bands comprise of a center line usually NOV SMA, and two NOV stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. National Oilwell Varco bollinger bands show that the stock price is $44.45, upper band is 47.45, lower band is 43.04, and the average is 45.25.
National Oilwell Varco Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The National Oilwell Varco MACD line is below the signal line.
National Oilwell Varco Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 27.07 is the RSI value of NOV stock.