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Downtrend Broken Resist.Archive
- 12/5/2025 -
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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 second consecutive positive week for the National Oilwell Varco, Inc. (NOV). During the week, the NOV gained 0.81 points, or 5.27%, and closed at 16.17 on Friday, December 5, 2025. It was the best weekly gain since October 24, 2025. Weekly volume was -14% 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 (9.69) 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 April 8, 2025 at 10.84 and reached 16.48 on December 4, 2025. NOV gained -5.64 points, or -52.03%, in 34 weeks. The price is now at the 5.50% retracement level.
 Weekly Technical Indicators: [See NOV weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly 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 links to access Lane's Stochastic and Williams' Percentage Range 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 and getting bigger. It indicates that the current medium-term uptrend is strong. 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 November 21, 2025 at 14.30 and reached 16.48 on December 4, 2025. NOV gained -2.18 points, or -15.24%, in 13 days. The price is now at the 14.22% retracement level.
 Daily Technical Indicators: [See NOV daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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