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Archive
- 4/26/2024 -
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Northrop Grumman Corp. (NOC) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third consecutive positive week for the Northrop Grumman Corp. (NOC). During the week, the NOC gained 17.87 points, or 3.86%, and closed at 480.45 on Friday, April 26, 2024. Weekly volume was 54% above average.
NOC is a member of Industrials Sector. Industrials is the second 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 NOC long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 33.81 and reached 556.24 on October 28, 2022. NOC gained -522.43 points, or -1545.19%, in 712 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 359.53 and resistance is at 614.78. 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 long-term trend.
 Medium-term trend: [See NOC medium-term trend chart]
A medium-term uptrend had started on January 24, 2023 at 407.77 and reached 496.89 on October 17, 2023. NOC gained -89.12 points, or -21.86%, in 38 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 434.63 and resistance is at 511.02. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See NOC weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 link to access Williams' Percentage Range help.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.
 Short-term trend: [See NOC short-term trend chart]
A short-term uptrend had started on January 25, 2024 at 426.00 and reached 490.60 on April 25, 2024. NOC gained -64.60 points, or -15.16%, in 91 days. The price is now at the 15.71% retracement level.
 Daily Technical Indicators: [See NOC daily technical indicators chart]
Daily 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 daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Industrials |
8 |
| Industry |
Aerospace & Defense |
86 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
426.00 |
| Low Date |
01/25/2024 |
| High |
490.60 |
| High Date |
04/25/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
496.89 |
| High Date |
10/17/2023 |
| Low |
426.00 |
| Low Date |
01/25/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Valid |
| Resistance |
511.02 |
| Support |
434.63 |
| Low |
407.77 |
| Low Date |
01/24/2023 |
| High |
496.89 |
| High Date |
10/17/2023 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
556.24 |
| High Date |
10/28/2022 |
| Low |
407.77 |
| Low Date |
01/24/2023 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
614.78 |
| Support |
359.53 |
| Low |
33.81 |
| Low Date |
03/06/2009 |
| High |
556.24 |
| High Date |
10/28/2022 |
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