Tracking shares of Northern Oil and Gas (NOG), we have seen that the stock price has fallen -7.80% over the last month. Focusing on the past week, shares have moved -11.27%. Zooming out to the last 6 months, shares have seen a change of -6.90%. Heading back a full year, shares have moved -31.02%.
Investors may be searching for various types of stocks to help diversify the portfolio. Growth stocks include shares of companies that may have the possibility of generating higher than average profit growth and revenues. These companies tend to pump earnings back into the business, and they generally expand quicker than the overall economy. Although growth stocks can be a bit riskier, they can also provide a higher level of reward down the line. Cyclical stocks consist of companies that typically will ride the wave of the overall economy. These shares tend to perform well when the economy is doing well and perform poorer when the economy is faltering.
Technical traders often make a point of keeping an eye on the ATR or Average True Range of a particular equity. Currently, Northern Oil and Gas (NOG) has a 14-day ATR of 0.13. The Average True Range is an investor tool used to measure stock volatility. The ATR is not used to figure out price direction, just to measure volatility. The ATR is an indicator developed by J. Welles Wilder. Wilder has developed multiple indicators that are still quite popular in today’s investing landscape. The general interpretation of the ATR is the higher the ATR value, the higher the volatility.
Northern Oil and Gas (NOG) presently has a 14-day Commodity Channel Index (CCI) of -129.84. Typically, the CCI oscillates above and below a zero line. Normal oscillations tend to stay in the range of -100 to +100. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well.
Tracking other technical indicators, the 14-day RSI is presently standing at 39.90, the 7-day sits at 35.28, and the 3-day is resting at 19.69 for Northern Oil and Gas (NOG). The Relative Strength Index (RSI) is a highly popular technical indicator. The RSI is computed base on the speed and direction of a stock’s price movement. The RSI is considered to be an internal strength indicator, not to be confused with relative strength which is compared to other stocks and indices. The RSI value will always move between 0 and 100. One of the most popular time frames using RSI is the 14-day.
Keeping an eye on Moving Averages, the 50-day is 2.26, the 200-day is at 2.67, and the 7-day is 2.04 for Northern Oil and Gas (NOG). Moving averages have the ability to be used as a powerful indicator for technical stock analysis. Following multiple time frames using moving averages can help investors figure out where the stock has been and help determine where it may be possibly going. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time.
Many investors are concerned with the proper portfolio diversification. Stock portfolio diversification entails spreading the investment dollars around to help minimize risk. When investors are creating a portfolio, they may be looking to add a combination of growth, value, income, dividend, and foreign stocks. They may also be spreading out stock picks among various industries. Keeping a mix of stocks that perform differently under certain market conditions can help keep the portfolio afloat when the environment shifts. Holding a few large positions in a small number stocks may lead to trouble if the market turns sour and stock prices decline drastically.
Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. Presently, Northern Oil and Gas (NOG)’s Williams Percent Range or 14 day Williams %R is resting at -90.48. Values can range from 0 to -100. A reading between -80 to -100 may be typically viewed as strong oversold territory. A value between 0 to -20 would represent a strong overbought condition. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend.
This post was originally published on *this site*