The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 8/14/2026 -
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Northrop Grumman Corp. (NOC) Technical Analysis

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Summary:
Weekly :Overbought sectorWeekly  MACD line has moved above its signal lineTrend resistance at 538.57
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtRelative Strength Index and MACD bearish divergence
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It was a fourth consecutive positive week for the Northrop Grumman Corp. (NOC). During the week, the NOC gained 14.29 points, or 2.50%, and closed at 585.87 on Friday, August 14, 2026. Weekly volume was -36% below average.

NOC is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See NOC long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 33.81 and reached 774.00 on March 3, 2026. NOC gained -740.19 points, or -2189.26%, in 886 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 392.08 and resistance is at 709.07. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See NOC medium-term trend chart]
A medium-term downtrend had started on March 3, 2026 at 774.00 and reached 479.02 on July 21, 2026. NOC lost 294.98 points, or 38.11%, in 20 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (538.57). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

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

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See NOC short-term trend chart]
A short-term uptrend had started on July 21, 2026 at 479.02 and reached 586.36 on August 14, 2026. NOC gained -107.34 points, or -22.41%, in 24 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 581.15 and resistance is at 588.78. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a short-term trend.

Daily Technical Indicators: [See NOC daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Daily Relative Strength Index and MACD have bearish divergence. Use the following links to access the Relative Strength Index and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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, Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is above its signal line since July 22, 2026. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.00
Bearish
Williams' Percentage Range (W%R) 6.50
Strong Overbought
Lane's Stochastic (%D-Slow) 91.64
Strong Overbought
Greed/Fear Indicator (GFI) 86.70
Overbought
Moving Average Converg./Diverg. (MACD) 8.52 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.33
Williams' Percentage Range (W%R) 56.30
Lane's Stochastic (%D-Slow) 72.41
Greed/Fear Indicator (GFI) 56.52
Moving Average Converg./Diverg. (MACD) -21.50
Trading Signals
Description Value Chart
Upper Bollinger Band 598.32
Weekly Trendline Resistance 588.78
Price 585.87
Monthly Trendline Support 583.81
Daily Stochastic Crossing 583.08
Weekly Trendline Support 581.15
Parabolic System 565.16
Weekly Stochastic Crossing 563.41
20 Day Moving Average 551.74
50 Day Moving Average 539.47
Monthly Trendline Resistance 538.57
Lower Bollinger Band 516.22
Sector and Industry
Description Name Rank
Sector Industrials 10
Industry Aerospace & Defense 45
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 519.77
Low Date 07/30/2026
High 586.36
High Date 08/14/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 588.78
Support 581.15
Low 479.02
Low Date 07/21/2026
High 586.36
High Date 08/14/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Test Resistance
Resistance 538.57
Support 583.81
High 774.00
High Date 03/03/2026
Low 479.02
Low Date 07/21/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 407.77
Low Date 01/24/2023
High 774.00
High Date 03/03/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 709.07
Support 392.08
Low 33.81
Low Date 03/06/2009
High 774.00
High Date 03/03/2026
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.