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Archive
- 10/16/2026 -
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National Oilwell Varco, Inc. (NOV) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the National Oilwell Varco, Inc. (NOV). During the week, the NOV gave back -0.04 points, or -0.21%, and closed at 18.93 on Friday, October 16, 2026. Weekly volume was -17% below average.
NOV is a member of Energy Sector. Energy 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 NOV long-term trend chart]
A long-term downtrend had started on January 27, 2023 at 24.83 and reached 10.84 on April 8, 2025. NOV lost 13.99 points, or 56.34%, in 114 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (8.20) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See NOV medium-term trend chart]
A medium-term uptrend had started on April 8, 2025 at 10.84 and reached 21.93 on September 9, 2026. NOV gained -11.09 points, or -102.31%, in 74 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (19.25) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support 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 September 11, 2026. 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 September 9, 2026 at 21.93 and reached 18.24 on October 15, 2026. NOV lost 3.69 points, or 16.83%, in 36 days. The price is now at the 18.70% retracement level.
Daily Technical Indicators: [See NOV daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since September 10, 2026. 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.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Energy |
10 |
| Industry |
Oil & Gas Equipment & Services |
27 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
19.22 |
| High Date |
10/12/2026 |
| Low |
19.05 |
| Low Date |
10/16/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
21.93 |
| High Date |
09/09/2026 |
| Low |
18.24 |
| Low Date |
10/15/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Broken Support |
| Resistance |
22.65 |
| Support |
21.28 |
| Low |
17.73 |
| Low Date |
07/06/2026 |
| High |
21.93 |
| High Date |
09/09/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Broken Support |
| Resistance |
22.19 |
| Support |
19.25 |
| Low |
10.84 |
| Low Date |
04/08/2025 |
| High |
21.93 |
| High Date |
09/09/2026 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Resistance |
| Resistance |
6.79 |
| Support |
8.20 |
| High |
24.83 |
| High Date |
01/27/2023 |
| Low |
10.84 |
| Low Date |
04/08/2025 |
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