Get started
NOV INC DRNNOV INC DRNNOV INC DRN

NOV INC DRN

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Seasonals Bonds

N1OV34 trade ideas

$NOV - Oil Drilling Equipment SupplierIf you missed out on the oil and crude plays of recent weeks, this play might be for you. Oil drillers are allegedly feeling the pain of a worker shortage, and drilling equipment shortage. According to CNN , "They can't find people, and can't find equipment," said Robert McNally, president of consulting firm Rapidan Energy Group. "It's not like they're available at a premium price. They're just not available." NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors worldwide. The company operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. So this equation is simple. NOV makes the drilling supplies that companies are so eager to find right now. The stock is also at historic lows. This could be a very fun play heading forward.
NYSE:NOVLong
by jaykenneyTRT
1
$NOV long idea$NOV is a leading company in the oil and gas drilling equipment and as we all know the US must start ramping up oil and gas production in order to relieve some of the pressure we see at the pump. The market might start pricing in some government funding towards oil drilling which requires heavy equipment. $NOV has broken out of the range created since March 2020 and is now entering a low liquidity point where there was mostly sellers. This price action may get violent to the upside as funds who have low exposure to energy start to step in. Such as that of Berkshire which we saw on Friday's close; the conglomerate added to his $OXY position at an average of $50. Targets are $20, $22, $24 and $26. OptionsSwing Analyst Daniel Betancourt
NYSE:NOVLong
by optionsswing
NOV: 1-2yr Covered Call StrategyReasons for likely recovery : Fundamental Analysis - NOV suffered under major commerce COVID restrictions' impact on petro use. - NOV is poised to recover with the opening of commerce. Petro sector is critical for both recovery and any developments in the ALT energy sectors. - NOV supplies the equipment to the petro market, insulating it somewhat from the volatility of the commodity swings. Sentimental Analysis - NOV made a series of small acquisitions that will likely improve revenue. - since NOV supplies equipment its major stock price rebound lags the recent run up in oil prices and will likely follow suit. - NOV under-performance in recent earnings was already priced in and stock prices surged in-spite, a strong indicator of market confidence in future performance. Technical Analysis - NOV has recently tested its 200EMA, consolidated, and recovered ~21%; - NOV just had a bullish crossover on the STC - NOV also has been beating VWAP in its recent bullish trend - NOV remains ~30% below its pre-COVID levels. PLAN Entry Price: $14-$15, average down to $13.5 TGT Sale Price: Conservative - $18, Moderate - $22, Final- Set trailing Stop Stop Loss: $12 Max Position Size: 5% of portfolio Note - NOV hosts weekly OPTIONS. Average in to 100 shares (+). Begin selling weekly CALLs @ 1 Standard Deviation above average purchase price, while collecting modest DIV. Try to sell after 365 for long terms capital gains but do not violate STOP.
NYSE:NOVLong
by MakeMoneyCoESTB2020
NOV: Ascending Triangle, awaiting confirmation (30PC)Ascending Triangle, awaiting confirmation (30PC) Pros: Flat volume during formation Volume at break out Golden cross in blue PPS above 50MA and 200MA RS above 0, and ascending ATR Ascending R/R ratio above 6 200MA ascending Cons: 250RSI below 50 Target: PT = 20.90$ Help how ever you can to keep this alive. Thank you to those who have donated Coins! Always do your own due dilligence. This is not financial advice Stay Humble, have fun, make money!
NYSE:NOVLong
by LeLaf
1
PAY to NOV Daily Hey guys, NOV is in a fake bearish movement with a sort of shooting star and a fake explosion in the volume of purchases issued. On the TIMEFRAME M1 we can see the shape of a hammer candle with a false return of sales volume, it goes on its last previous lower. What is outside the equilibrium zone make its trend reserve to go away on the several points of the bollinger. In order to check them after the VWAP while passing and finish on the top of the balance zone for a retest. Big potential for breaking out the price with the return of momentum thereafter to the zone to reach a new one and stick to the next high. Before testing a neckline then brekout an area and go to the last previous resistance on this triple bottom. Please LIKE & FOLLOW, thank you!
NYSE:NOVShort
by stephanelibatd
Oversold: NOV Here's the kicker. It may very well be true that the world is so starved for manufacturing activity that any additional supply coming online will crush the oil price. But in this particular case, the short-term fundamentals driving the oil price are not going to translate to the long-term prospects of oversold oilfield plays, and NOV is one of them. This is an investment. Buy and hold play, or you can keep rolling over monthly options, but it is oversold and bumping up against technical levels going back 20 years. I did include peers HAL and Schlumberger to show how the oil market's over-supply, and lack of appetite for any drilling activity, and thus additional inventory is affecting them and their peers, but their peers lack the technicals. In short, there's additional downside room for some other names in the industry. The best thing to happen to this company is it gets bought during a period of market consolidation if global growth remains stagnant.
NYSE:NOVLong
by nodiggity