Northern Oil Gas Stock Technical Analysis
| NOG Stock | USD 39.46 1.26 3.30% |
As of the 27th of July, Northern Oil secures the Risk Adjusted Performance of (0.03), standard deviation of 1.84, and Mean Deviation of 1.35. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Northern Oil Gas, as well as the relationship between them. Please verify Northern Oil Gas standard deviation, as well as the relationship between the maximum drawdown and kurtosis to decide if Northern Oil Gas is priced some-what accurately, providing market reflects its recent price of 39.46 per share. Given that Northern Oil Gas has information ratio of (0.09), we recommend you to check Northern Oil's last-minute market performance to make sure the company can sustain itself at a future point.
Northern Oil Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Northern, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NorthernNorthern |
Northern Oil Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 51.17 | Strong Buy | 11 | Odds |
Most Northern analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Northern stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Northern Oil Gas, talking to its executives and customers, or listening to Northern conference calls.
Northern Oil technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Northern Oil Gas Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Northern Oil Gas volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Northern Oil Gas Trend Analysis
Use this graph to draw trend lines for Northern Oil Gas. You can use it to identify possible trend reversals for Northern Oil as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Northern Oil price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Northern Oil Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Northern Oil Gas applied against its price change over selected period. The best fit line has a slop of 0.0085 , which may imply that the returns on investment in Northern Oil Gas will continue to fail. It has 122 observation points and a regression sum of squares at 2.7, which is the sum of squared deviations for the predicted Northern Oil price change compared to its average price change.About Northern Oil Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Northern Oil Gas on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Northern Oil Gas based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Northern Oil Gas price pattern first instead of the macroeconomic environment surrounding Northern Oil Gas. By analyzing Northern Oil's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Northern Oil's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Northern Oil specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0303 | 0.0365 | 0.0249 | Price To Sales Ratio | 1.22 | 1.78 | 1.69 |
Northern Oil July 27, 2024 Technical Indicators
Most technical analysis of Northern help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Northern from various momentum indicators to cycle indicators. When you analyze Northern charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.03) | |||
| Market Risk Adjusted Performance | (0.25) | |||
| Mean Deviation | 1.35 | |||
| Coefficient Of Variation | (2,153) | |||
| Standard Deviation | 1.84 | |||
| Variance | 3.39 | |||
| Information Ratio | (0.09) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.26) | |||
| Maximum Drawdown | 8.3 | |||
| Value At Risk | (2.98) | |||
| Potential Upside | 2.53 | |||
| Skewness | (0.65) | |||
| Kurtosis | 1.72 |
Complementary Tools for Northern Stock analysis
When running Northern Oil's price analysis, check to measure Northern Oil's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Northern Oil is operating at the current time. Most of Northern Oil's value examination focuses on studying past and present price action to predict the probability of Northern Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northern Oil's price. Additionally, you may evaluate how the addition of Northern Oil to your portfolios can decrease your overall portfolio volatility.
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