Northern Oil Gas Stock Technical Analysis

NOG Stock  USD 42.64  0.11  0.26%   
As of the 15th of April 2024, Northern Oil secures the Downside Deviation of 1.78, risk adjusted performance of 0.1243, and Mean Deviation of 1.15. 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. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to break down and interpolate data for nineteen technical drivers for Northern Oil, which can be compared to its peers in the industry. Please verify Northern Oil Gas information ratio, value at risk, as well as the relationship between the Value At Risk and expected short fall to decide if Northern Oil Gas is priced some-what accurately, providing market reflects its recent price of 42.64 per share. Given that Northern Oil Gas has jensen alpha of 0.2187, 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 Northern
  
Northern Oil's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Northern Oil Analyst Consensus

Target PriceAdvice# of Analysts
51.17Strong Buy12Odds
Northern Oil Gas current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
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 Analyst Advice Details
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.
A focus of Northern Oil technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Northern Oil trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Northern Oil Gas Technical Analysis

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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   0.17  , which may imply that Northern Oil Gas will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 1113.92, 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 Yield0.03030.03650.0347
Price To Sales Ratio1.221.781.69

Northern Oil April 15, 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.
When determining whether Northern Oil Gas is a strong investment it is important to analyze Northern Oil's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Northern Oil's future performance. For an informed investment choice regarding Northern Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Oil Gas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.

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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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Is Northern Oil's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Northern Oil. If investors know Northern will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Northern Oil listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.379
Dividend Share
1.49
Earnings Share
10.03
Revenue Per Share
19.095
Quarterly Revenue Growth
0.226
The market value of Northern Oil Gas is measured differently than its book value, which is the value of Northern that is recorded on the company's balance sheet. Investors also form their own opinion of Northern Oil's value that differs from its market value or its book value, called intrinsic value, which is Northern Oil's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Northern Oil's market value can be influenced by many factors that don't directly affect Northern Oil's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Northern Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Oil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Oil's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.