NOV trade ideas

1hour_trading

On 2/1/2024, NOV Inc. (NOV) reported earnings of $0.54 per share on revenue of $2.34 billion for the fourth quarter ended December 2023. The consensus earnings estimate was $0.41 per share on revenue of $2.26 billion.

SynergyTradingSetups

You can't ask for more. There are earnings in a week so lets hope they go quietly, we don't want any major swings. Let's see what happens and we will be back shortly with an update. Its funny because we've been analysing NVO closely and I accidentally typed NOV, just to get one of the best looking assets I've seen since BTC at 25k - in fact they are very similar.

DavidSicairos

Bouncing off the 200 day moving average today, let's see where it's headed! Aiming for 26$ in the short term for a swing.

Bixley

Up Channel in grey I expect a move up like was seen earlier in the channel development Placed bars patterns to show my thoughts roughly on price evolution in green Bullish on this timeframe

Airecap_Ultra Updated 

Decision to Buy. Entry Price 1: $20.90 Stop Loss 1: $19.73 Target Price 1: $21.60 Entry Price 2: $21.27 Stop Loss 2: $20.43 Target Price 2: $21.77

Wealthfreq

Oil still the strongest narrative, going for this play

jaykenneyTRT

If you missed out on the oil and crude plays of recent weeks, this play might be for you. Oil drillers are allegedly feeling the pain of a worker shortage, and drilling equipment shortage. According to CNN , "They can't find people, and can't find equipment," said Robert McNally, president of consulting firm Rapidan Energy Group. "It's not like they're...

optionsswing

$NOV is a leading company in the oil and gas drilling equipment and as we all know the US must start ramping up oil and gas production in order to relieve some of the pressure we see at the pump. The market might start pricing in some government funding towards oil drilling which requires heavy equipment. $NOV has broken out of the range created since March 2020...

Airecap_Ultra Updated 

Buy at any price Buy Zone and take profit at Target Price. Cut Loss when price goes lower than Stop Loss

TradingSurfers

Initial Plan: Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave counts for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. We also answer all our questions regarding the Elliott Wave Principle! Cryptos are updated every day of the...

TradingSurfers

Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave counts for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. We also answer all our questions regarding the Elliott Wave Principle! Cryptos are updated every day of the week and on...

MakeMoneyCoESTB2020

Reasons for likely recovery : Fundamental Analysis - NOV suffered under major commerce COVID restrictions' impact on petro use. - NOV is poised to recover with the opening of commerce. Petro sector is critical for both recovery and any developments in the ALT energy sectors. - NOV supplies the equipment to the petro market, insulating it somewhat from the...

DrErmes

NOV INC - 30% GAIN

FlyAngler Updated 

Long trade on #NOV

LeLaf

Ascending Triangle, awaiting confirmation (30PC) Pros: Flat volume during formation Volume at break out Golden cross in blue PPS above 50MA and 200MA RS above 0, and ascending ATR Ascending R/R ratio above 6 200MA ascending Cons: 250RSI below 50 Target: PT = 20.90$ Help how ever you can to keep this alive. Thank you to those who have donated Coins! Always do...

decopty30258

This is the first time I publish something. Pretty new at this and would love to get some help / guide. Can anyone confirm this is a correct Cup n Handle?? Thanks a lot. DC

stephanelibatd

Hey guys, NOV is in a fake bearish movement with a sort of shooting star and a fake explosion in the volume of purchases issued. On the TIMEFRAME M1 we can see the shape of a hammer candle with a false return of sales volume, it goes on its last previous lower. What is outside the equilibrium zone make its trend reserve to go away on the several points of the...

GregFolin

NOV could be poised to benefit from increasing investment in oil capacity expansion as Crude Oil prices lift after low capital investment during the pandemic. Reopening means higher energy demands. NOV has been mostly left behind. Breakout possible above $16.