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NORTHROP GRUDRN ED

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NOCG34 trade ideas

Is Northrop Grumman Set To Cool DownI was disappointed with my last call on NOC and hesitant to make this one. However, the RSI signaled a drop first and the other algorithms followed suit today. NOC is also at the top of the trading channel it has been in. All of these factors make me much more confident NOC is set to decline somewhat over the next month. The overall market has been hot. I am getting signals from multiple big name companies that are overbought and due for at least a brief cool down. In the case of NOC, 4 of my algorithms signaled a SELL on April 8, 2021. Equities nearly always obey the signal and move down, but sometimes it may continue to move up first. I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a percentage standpoint, that this stock has moved on the 2 Hour chart after a SELL signal occurred. Therefore, this box represents 100% of previous movement upward before the stock finally moved downward. The smaller red box represents 50% of all historical movement upward, before the stock moved downward. The smaller box is more of a precise target for the potential top in this instance. The green boxes represent the same thing. In this instance, the smaller green box would be my projected target for the final bottom. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play). All statistics and the full analysis are available for free as always at the site below.
NYSE:NOCShort
by StockSignaler
Inverse Head and Shoulders Cup and handleNOC has broken the neckline of the inverse H&S but has not reached long entry level for the cup and handle pattern. Earnings 4-29. This sector has been lagging. But everything changes (o: Not a recommendation. The inverted head and shoulder pattern is formed in the downtrend. It’s formed because of the change in how investors perceive the stock or the stock market. The stock is trading very low. This drives some investors to buy the stock. The stock prices rise to form the pattern’s left shoulder. The downtrend drives the stock down. Investors buy the stocks because they anticipate that the trend will reverse. The stock price increases. The psychological or fundamental factors drive the stock prices. As a result, the head of the pattern is formed. The stock corrects and reaches the same bottom level as the left shoulder. Since it’s at the support level, it rises back to the neckline or the resistance level. This forms the right shoulder. The right shoulder is approximately, but rarely exactly, the same height as the left shoulder. In this pattern, a breakout above the neckline would hopefully result in an uptrend. The pattern is only valid with a break above the neckline. After a break of the neckline, this level becomes support.
NYSE:NOCLong
by lauralea
2
NOC WEEKLY CHARTLooking at the price action in NOC, we can see how the price is starting to approach with range candles (which indicates strong buying volume) a downtrend line where after several rising lows and falling highs we expect it to break. We will watch the price on the daily chart for it to break through the declining highs and look for support. ---------------------------------------------- Viendo la acción del precio en NOC, vemos como el precio empieza a acercarse con velas de rango (Lo cual nos indica fuerte volumen comprador) a una directriz bajista en la que después de varios mínimos crecientes y máximos decrecientes esperaremos que rompa. Observaremos el precio en el gráfico diario a que rompa la directriz de máximos decrecientes y busque apoyo en esta misma.
NYSE:NOC
by alvarogctmr
$NOC $NOC$NOC has not stayed stagnant like this ever. With biden going to war and them being awarded contracts from NASA I expect this stock back at $350. This is one of the few good names trading under pre-covid evals. Will be buying calls if it dips to $295. Will sell half at $305. If it breaks $305 and rips I will hold until close to closing. Looking to go one month out from inception of my calls. Will be looking at calls $350 a little over one month out. Not investment advice. Just my two cents. GL
NYSE:NOCLong
by wooyangclan
1
Is something about to happen in the Defense Industry?The algorithms, specifically, the Precise Signal is at it again. The signal is a SELL for Northrup Grumman. Historically, the Precise Signal indicating a SELL sees the stock move down an average of 10%. In fact the minimal drop for this signal with NOC is 7%. Considering Friday saw the stock drop 3% off its high, another 7% (or more) would be huge. My MTFs also signaled SELLs, but since the Precise is built off of them this a not a surprise. For you technical junkies, the full analysis with each target is at my site for free as always
NYSE:NOCShort
by StockSignaler
6
$NOC Bullish Position This is my analysis for Northgrop Grumman Corporation, also known as $NOC and is a stock in which I am extremely bullish and wanted to over the reasons why. First, as we focus on the 1HR time frame for this stock, we have an inverse head and shoulders pattern that has nicely formed - and is currently forming a wedge out of the pattern (an extremely bullish indication of price movement upwards within the next couple days). Furthermore, to support this, we can see how RSI is forming a healthy bullish trend gaining strength as we can see multiple “W” patterns of confirmation in RSI (circled on chart) all of which further support my bullish stance. I love this position and it is one I wanted to share with you guys, please let me know any thoughts!
NYSE:NOCLong
by AndrewRoupas
NOC bounce in progressThe Setup Northrop Grumman has made a support trend line since 2013, and it now looks to be bouncing from that line after approaching it Friday. NOC also has support at 287 from recent lows. More importantly, NOC has a positive news catalyst after announcing a $2 billion buyback program this morning. Value NOC is a pretty compelling value. I estimate forward P/E at 11 and forward P/S at 1.25, pretty good for a company with earnings growth. Sales are growing about 3% per year and earnings about 4% per year. NOC also offers a dividend yield over 2% and growing at a rate of 3% per year. It has 3 patens per billion dollars of market cap, which isn't an extraordinary amount of patents, but it's enough to show that the company is innovating. Perhaps most compelling metric is that NOC has about 41% upside to its median valuation of the past 4 years. Sentiment Sentiment on NOC is mixed, with an average 72.25/100 score from S&P Global, but only a middling analyst summary score and ESG rating. Recent earnings revisions have been mixed, and TradingView's technical analysis shows "Strong Sell" on the daily and "Sell" on the weekly. Options interest has been positive, with both open interest and 30-day average volume in bullish territory. The most impressive sentiment metric is the average analyst price target, some 35% above the current price. Although sentiment isn't yet clearly bullish, I believe that it will soon shift in a bullish direction in response to news of the buyback program. My plan is to front-run the change in sentiment, though another possible strategy is to enter on a bullish breakout above the recent resistance trend line. Price Target I think a reasonable near-term price target is $340/share.
NYSE:NOCLong
by ChristopherCarrollSmith
5
Northop Grumman a buy near trend line supportDefense contractor Northop Grumman fell hard toward trend line support both before and after its earnings report last Friday, despite a solid beat of analyst expectations. The fall has occurred as analysts adjusted forward estimates of earnings and sales downward for the next two years. Despite the downward revisions, Northop Grumman remains a growth company, with PEG ratio of 1.8. The share price has fallen much faster than earnings expectations, making NOC a very attractive buy as it approaches support. Let's look at NOC's current price ratios compared to its three-year median price ratios on earnings dates. Here is the implied upside from the current price ratio to the median price ratios on earnings dates over the last three years: P/E: 21% Fwd P/E: 18% P/S: 17% Fwd P/S: 21% P/D: 17% Fwd P/D: 23% P/B: 31% P/FCF: 81% Sentiment on NOC is positive, with an 8.3/10 analyst summary score (average rating Buy). The news environment for the company is good, thanks to several US government contracts recently signed, and several others recently successfully completed. Open interest on NOC is about evenly split between bulls and bears, but the 30-day average of trading volume favors the bulls. NOC is nearing support from July lows and a seven-month trend line. I will look to make a buy around 287.
NYSE:NOCLong
by ChristopherCarrollSmith
7
ABC BullishLong entry with a confirmed uptrend NOC Has fallen from a bearish rising narrowing wedge Rising wedges are caused by too much buying (irrational exuberance) without healthy pull backs. They are usually bearish in nature. They differ from triangles as both lines slope up. A rising wedge can be a very long term pattern but can be less. It must be 3 weeks or more in formation. It differs from a flag as it forms an apex where both trendlines converge Possible T2: 391.7 to 415 Possible stop below 307.10 Long entry only with a clear uptrend in place NOC is also in a long term ascending triangle with b/o at 354ish NV is high/short is low Prior and all time high is 385.01 Not a recommendation
NYSE:NOCLong
by lauralea
5th wave for NOC 320s, to 400+?looks bullish to me. weekly and monthly charts are both on major supports, 200 ma and 50 ma respectively. not to mention a substantial block of volume from 290 to 330, which makes me think price will be brought back to the top of the volume zone. on the daily chart you can see price was lost under the 23.6% fib retracement from jan high to mar lows, however recently recovered today. furthermore, the most amount of volume on the stock in the past couple years is at 295, which should mean price should be hard to get below that level. from a technical standpoint, 309 and 322 are my shorter term price targets (1-2 weeks). 325 should come shortly after that, given it has the support from the news/the rest of the market. thanks for coming to my ted talk
NYSE:NOCLong
by kaareand