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- 11/28/2025 -
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National Oilwell Varco, Inc. (NOV) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtBroken trend resistance line
Daily :The price has risen above the Parabolic SARTrend resistance at 14.84
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It was a first positive week for the National Oilwell Varco, Inc. (NOV). During the week, the NOV gained 0.41 points, or 2.74%, and closed at 15.36 on Friday, November 28, 2025. Weekly volume was -39% 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 (9.72) 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 16.00 on November 11, 2025. NOV gained -5.16 points, or -47.60%, in 31 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 12.65 and resistance is at 16.18. 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 medium-term trend.

Weekly Technical Indicators: [See NOV weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since June 6, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 November 11, 2025 at 16.00 and reached 14.30 on November 21, 2025. NOV lost 1.70 points, or 10.62%, in 10 days. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (14.84). 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 short-term trend.

Daily Technical Indicators: [See NOV daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since November 14, 2025. This is an indication that the short-term trend is down.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.51
Williams' Percentage Range (W%R) 54.70
Lane's Stochastic (%D-Slow) 52.08
Greed/Fear Indicator (GFI) 48.96
Moving Average Converg./Diverg. (MACD) 0.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.16
Williams' Percentage Range (W%R) 22.00
Lane's Stochastic (%D-Slow) 81.94
Overbought
Greed/Fear Indicator (GFI) 71.98
Moving Average Converg./Diverg. (MACD) 0.04
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 16.18
Upper Bollinger Band 15.61
Price 15.36
Weekly Trendline Support 15.35
Weekly Stochastic Crossing 15.27
20 Day Moving Average 15.16
Daily Stochastic Crossing 14.94
Weekly Trendline Resistance 14.84
Parabolic System 14.33
Lower Bollinger Band 14.26
50 Day Moving Average 14.10
Quarterly Trendline Support 12.65
Sector and Industry
Description Name Rank
Sector Energy 10
Industry Oil & Gas Equipment & Services 107
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 14.82
Low Date 11/25/2025
High 15.43
High Date 11/28/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Test Resistance
Resistance 14.84
Support 15.35
High 16.00
High Date 11/11/2025
Low 14.30
Low Date 11/21/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 11.78
Low Date 08/11/2025
High 16.00
High Date 11/11/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 16.18
Support 12.65
Low 10.84
Low Date 04/08/2025
High 16.00
High Date 11/11/2025
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 11.06
Support 9.72
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.