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- 10/17/2025 -
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National Oilwell Varco, Inc. (NOV) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support line
Daily :Price is near the Fibonacci 23.6% retracement level
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It was a first positive week for the National Oilwell Varco, Inc. (NOV). During the week, the NOV gained 0.35 points, or 2.84%, and closed at 12.66 on Friday, October 17, 2025. Weekly volume was -40% 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 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 price is now at the 16.44% retracement level.

Medium-term trend: [See NOV medium-term trend chart]
A medium-term uptrend had started on August 11, 2025 at 11.78 and reached 13.91 on October 6, 2025. NOV gained -2.13 points, or -18.08%, in 8 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (12.89) 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 above its signal line since June 6, 2025. This is an indication that the medium-term trend is up. 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 October 6, 2025 at 13.91 and reached 12.29 on October 10, 2025. NOV lost 1.62 points, or 11.65%, in 4 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance 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 October 9, 2025. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.87
Williams' Percentage Range (W%R) 76.20
Lane's Stochastic (%D-Slow) 24.64
Greed/Fear Indicator (GFI) 30.09
Moving Average Converg./Diverg. (MACD) 0.00
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.22
Williams' Percentage Range (W%R) 60.50
Lane's Stochastic (%D-Slow) 58.15
Greed/Fear Indicator (GFI) 47.94
Moving Average Converg./Diverg. (MACD) -0.34
Trading Signals
Description Value Chart
Weekly Trendline Resistance 14.13
Upper Bollinger Band 13.83
Parabolic System 13.44
Weekly Stochastic Crossing 13.28
20 Day Moving Average 13.12
50 Day Moving Average 12.92
Weekly Trendline Support 12.89
Price 12.66
Daily Stochastic Crossing 12.66
Lower Bollinger Band 12.16
Sector and Industry
Description Name Rank
Sector Energy 10
Industry Oil & Gas Equipment & Services 61
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 13.91
High Date 10/06/2025
Low 12.29
Low Date 10/10/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 14.13
Support 12.89
Low 11.78
Low Date 08/11/2025
High 13.91
High Date 10/06/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 14.24
High Date 07/28/2025
Low 11.78
Low Date 08/11/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 21.91
High Date 09/05/2023
Low 10.84
Low Date 04/08/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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.