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


NBL closes within previous day's range after lackluster session


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.)...
Latest Report:

NBL ends the day indecisive

Aug 13, 2020
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Noble Energy Inc. traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!