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Downtrend Broken Resist.Archive
- 10/3/2025 -
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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 0.22 points, or 1.63%, and closed at 13.70 on Friday, October 3, 2025. Weekly volume was -8% 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. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See NOV medium-term trend chart]
A medium-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 2 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (12.58) 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 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. 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 September 22, 2025 at 12.39 and reached 13.72 on October 3, 2025. NOV gained -1.33 points, or -10.73%, in 11 days. Price is near the trend high.
Daily Technical Indicators: [See NOV daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since September 24, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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