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Archive
- 4/17/2025 -
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National Oilwell Varco, Inc. (NOV) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was a first positive week for the National Oilwell Varco, Inc. (NOV). During the week, the NOV gained 0.69 points, or 5.83%, and closed at 12.53 on Thursday, April 17, 2025. It was the best weekly gain since February 7, 2025. Weekly volume was -8% 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 15.27% retracement level.
 Medium-term trend: [See NOV medium-term trend chart]
A medium-term downtrend had started on February 5, 2025 at 16.66 and reached 10.84 on April 8, 2025. NOV lost 5.82 points, or 34.93%, in 8 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 10.02 and resistance is at 15.28. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See NOV weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 4, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 March 26, 2025 at 15.72 and reached 10.84 on April 8, 2025. NOV lost 4.88 points, or 31.04%, in 13 days. The price is now at the 34.63% retracement level.
Daily Technical Indicators: [See NOV daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.
The daily MACD line is below its signal line since April 2, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
The distance between the Bollinger Bands is 278.45% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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