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Archive
- 8/15/2025 -
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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 0.27 points, or 2.27%, and closed at 12.17 on Friday, August 15, 2025. Weekly volume was -24% 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 chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 8.96 and resistance is at 20.38. 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 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 14.24 on July 28, 2025. NOV gained -3.40 points, or -31.37%, in 15 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (13.02) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. NOV may retest the broken support line. It is considered to be a resistance 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 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 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 low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 July 28, 2025 at 14.24 and reached 11.78 on August 11, 2025. NOV lost 2.46 points, or 17.28%, in 14 days. The price is now at the 15.85% retracement level.
 Daily Technical Indicators: [See NOV daily technical indicators chart]
Daily Relative Strength Index is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index. 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 links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is below its signal line since July 29, 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.
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.
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