NOC stock: buy or sell

NOC stock price: $371.61 0.42% At close on May 14th, 2021

Updated on:
May 17th, 2021

1

NOC stock brief

  • After reaching all-time highs on May 10, Northrop Grumman closed last Friday at $371.61 scarcely moving a 0.42%
  • With the recent gains, Northrop Grumman is approaching to new all-time highs again, that are now just 1.85% above the current trading
  • Wells Fargo & Company published a bearish rating for Northrop Grumman last Wednesday
  • Northrop Grumman Corporation operates as an aerospace and defense company worldwide.

Should I buy Northrop Grumman stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $NOC stock a buy?

In the current situation of Northrop Grumman there is not any eligible buy setup. This doesn't mean we expect a selloff for $NOC in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Northrop Grumman stock?

Knowing when to sell a stock is even harder than knowing when to buy it. Much like when we have to buy shares, deciding when is the best time to sell is not a random decision, and we must use our own trading style. Our trading system selects very simple strategies to guide us on when is the best moment to sell our shares. Be aware that these strategies should not be used for selling short $NOC stock

As a rule of thumb, you must never hold a trade that shows a losses greater than those expected at the time of the buy. The timing to sell your stock always has to be determined by the stop-loss (automatic or manual)

Is it time to sell Northrop Grumman stock?

Currently, Northrop Grumman stock doesn't match any of our preferred sell setups, so if you hold Northrop Grumman shares and your operation is in profit probably is not time to sell now

Northrop Grumman ratings

In the last 30 days, 6 brokerage ratings were published for Northrop Grumman. General sentiment is bullish, with 5 out of 6 publishing optimistic outlooks

Northrop Grumman analysts' ratings - Last month
Brokerage firmRating
Apr 30th, 2021
Morgan Stanley Buy
Susquehanna Buy
Susquehanna Bancshares Buy
May 6th, 2021
Morgan Stanley Buy
Susquehanna Buy
May 12th, 2021
Wells Fargo & Company Sell

Northrop Grumman stock analysis

$NOC at All-time Highs

Northrop Grumman reached new all-time highs (ATH) on May 10 at $378.61, and cleared the field for new highs as there are no further resistances. Previous ATHs were in January 2020

SMAs overview

NOC stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $374.31 (0.73% above)
  • R2: $376.82 (1.40% above)
  • The current support levels are:

  • S1: $366.61 (-1.35% below)
  • S2: $350.85 (-5.59% below)
  • S3: $350.79 (-5.60% below)
  • Bollinger bands

    Since the price surpassed the upper band on May 6, the price sliced by 1.15%. The price is moving very close to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell signal, as price can move in these levels for many days and weeks

    NOC stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last Wednesday after just crossing to the overbough zone for 1 day (weak signal). The RSI reading last Friday was 68.98

    NOC stock RSI chart

    Northrop Grumman stock price history

    Northrop Grumman started trading priced at an adjusted price1 of $2.68 on Dec 1981. Since then, NOC stock has risen by 13,766.04%, with an average of 352.98% per year. An investment of thousand dollars at that time would worth $138,660.45 nowadays.

    1: Adjusted price after possible price splits or reverse-splits

    NOC stock price history chart

    Price target for Northrop Grumman stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, brokerage institutions post their price estimates based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new fundamental data by the company, and many times. If you are a small investor you shouldn't trade based on these price targets.

    There are 5 price predictions posted for Northrop Grumman that average $436.60. Northrop Grumman closed at $371.61 last Friday, so the target price is predicting an increase by 17.49%.

    Northrop Grumman stock price predictions
    Brokerage firmPrice target
    Apr 30th, 2021
    Morgan Stanley $447.00$478.00
    Susquehanna $350.00$409.00
    Susquehanna Bancshares $350.00$409.00
    May 6th, 2021
    Morgan Stanley $447.00$478.00
    Susquehanna $350.00$409.00
    May 12th, 2021
    Wells Fargo & Company Not available

    Earnings and financials

    Northrop Grumman Corporation ($NOC) posted earnings of $6.57 per share in late April, significantly surpassing the analysts consensus estimate of $5.48 per share. This Q1 report means an earnings surprise of 19.89%. Predicted turnover for this quarter was $8.5 billion but Northrop Grumman slightly improved by 7.35%, posting $9.2 billion.

    For comparison, the EPS for the same quarter last year was $5.15, so reported EPS is a gain of 27.57%. Turnover moved up a 6.23% on an annualized basis in the , from $86.2B to $91.6B last quarter.

    NOC ($NOC) presents quarterly financial report next July. Wall Street estimates of $5.83, compared to previous quarter that was $6.57.

    Northrop Grumman performance

    NOC performance compared
    Company1m3m6m
    Northrop Grumman ($NOC) 7.20% 25.80% 21.80%

    Important note:
    The opinions expressed in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this paper does not have an understanding of the particular conditions of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are published for informational motives only

    NOC summary

    Friday, May 14th, 2021
    Open$371
    Close$371.61
    Day range$370.16 - $372.9
    Previous close$370.06
    Session gain0.42%
    Average true range$10.13
    50d mov avg$334.16
    100d mov avg$315.15
    200d mov avg$315.75
    Earnings dateJuly 29th, 2021

    Frequently asked questions

    What is Northrop Grumman stock symbol?

    Northrop Grumman Corporation is a public company trading in the US stock market with the NOC symbol

    Is Northrop Grumman stock a buy or sell?

    Northrop Grumman received 6 ratings in the last 30 days: 5 bullish, 1 bearish and 0 neutral.

    Will NOC go up?

    Northrop Grumman had different price forecasts issued by analysts in the last month forecasting the target price to $436.60. That is a 17.49% than the last price ($371.61).