NBL closes within prior day's range after lackluster session


Noble Energy Inc. (NBL) Technical Analysis Report for Jul 06, 2020 | by Techniquant Editorial Team

Highlights

NBL closes within previous day's range after lackluster session

Overview

NBL ended Monday at 9.45 edging lower $0.10 (-1.05%), notably underperforming the S&P 500 (1.59%). Closing within the prior day's range, prices missed to decisively move beyond the previous day's trading range in a lackluster session.

Daily Candlestick Chart (NBL as at Jul 06, 2020):

Daily technical analysis candlestick chart for Noble Energy Inc. (NBL) as at Jul 06, 2020

Monday's trading range has been $0.65 (6.61%), that's below the last trading month's daily average range of $0.75. Weekly volatility is also lower, being slightly below the market's average weekly trading range. The longer-term, monthly volatility is currently slightly higher than usual for NBL.

One bearish candlestick pattern matches today's price action, the Black Candle. The last time a Black Candle showed up on June 29th, NBL actually gained 3.58% on the following trading day.

The stock shows weakness in the short-term (in accordance with its long-term downtrend) with only the medium-term trend still being bullish.


Market Conditions for NBL as at Jul 06, 2020

Loading Market Conditions for NBL (Noble Energy Inc.)...
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NBL ends the day indecisive

Aug 13, 2020
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