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- 8/8/2025 -
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National Oilwell Varco, Inc. (NOV) Technical Analysis

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Summary:
Weekly :
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageBearish Three Black Crows CandlestickWilliams' Percentage Range and Lane's Stochastic are oversold
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It was the negative week for the National Oilwell Varco, Inc. (NOV). During the week, the NOV dropped -0.23 points, or -1.90%, and closed at 11.90 on Friday, August 8, 2025. Weekly volume was -16% below average.

Long-term trend: [See NOV long-term trend chart]
A long-term downtrend had started on September 5, 2023 at 21.91 and reached 10.84 on April 8, 2025. NOV lost 11.07 points, or 50.52%, in 83 weeks. The price is now at the 9.58% retracement level.

Medium-term trend: [See NOV medium-term trend chart]
A medium-term downtrend had started on July 31, 2024 at 21.20 and reached 10.84 on April 8, 2025. NOV lost 10.36 points, or 48.87%, in 35 weeks. The price is now at the 10.23% retracement level.

Weekly Technical Indicators: [See NOV weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since June 6, 2025. Use the following link to access a MACD help.

Short-term trend: [See NOV short-term trend chart]
A short-term downtrend had started on July 28, 2025 at 14.24 and reached 11.80 on August 7, 2025. NOV lost 2.44 points, or 17.13%, in 10 days. Price is near the trend low.

Daily Technical Indicators: [See NOV daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since July 29, 2025. This is an indication that the short-term trend is down.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Candlestick pattern: [See NOV candlestick chart pattern]
On Friday the chart has formed a Bearish Three Black Crows Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bearish Three Black Crows Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.64
Williams' Percentage Range (W%R) 90.20
Strong Oversold
Lane's Stochastic (%D-Slow) 5.14
Strong Oversold
Greed/Fear Indicator (GFI) 18.21
Oversold
Moving Average Converg./Diverg. (MACD) -0.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.96
Williams' Percentage Range (W%R) 75.40
Lane's Stochastic (%D-Slow) 52.46
Greed/Fear Indicator (GFI) 40.90
Moving Average Converg./Diverg. (MACD) -0.65
Trading Signals
Description Value Chart
Upper Bollinger Band 14.00
Weekly Stochastic Crossing 12.95
50 Day Moving Average 12.95
Parabolic System 12.85
20 Day Moving Average 12.83
Price 11.90
Daily Stochastic Crossing 11.86
Lower Bollinger Band 11.36
Sector and Industry
Description Name Rank
Sector Energy 4
Industry Oil & Gas Equipment & Services 48
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 14.24
High Date 07/28/2025
Low 11.80
Low Date 08/07/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 14.24
High Date 07/28/2025
Low 11.80
Low Date 08/07/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 21.20
High Date 07/31/2024
Low 10.84
Low Date 04/08/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 21.91
High Date 09/05/2023
Low 10.84
Low Date 04/08/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 24.83
High Date 01/27/2023
Low 10.84
Low Date 04/08/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.