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Archive
- 9/4/2026 -
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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 second consecutive positive week for the National Oilwell Varco, Inc. (NOV). During the week, the NOV gained 0.40 points, or 1.91%, and closed at 21.39 on Friday, September 4, 2026. Weekly volume was -45% 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 (8.40) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. NOV may retest the broken resistance line. It is considered to be a support line now. 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 July 6, 2026 at 17.73 and reached 21.86 on September 3, 2026. NOV gained -4.13 points, or -23.29%, in 8 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 19.57 and resistance is at 22.11. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See NOV weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.
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 NOV short-term trend chart]
A short-term uptrend had started on August 25, 2026 at 19.42 and reached 21.86 on September 3, 2026. NOV gained -2.44 points, or -12.56%, in 9 days. The price is now at the 19.26% retracement level.
 Daily Technical Indicators: [See NOV daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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