NOC stock: buy or sell
Aug 1st, 2021
NOC stock brief
- Northrop Grumman stock just moved -0.72% to close at $363.02 on the stock market on Friday.
- Northrop Grumman made public its earnings report last Thursday
- From the chart point view, price is drawing an scaled downtrend since last June with lower tops and lower bottoms. this downtrend marked a -4.22% loss(from its highs at $379.03).
- Northrop Grumman Corporation operates as an aerospace and defense company worldwide.
Should I buy Northrop Grumman stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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 just one buy setup eligible:
ATH buy setup
All-time Highs is always an excellent buy point for those who like to buy high and sell higher. The good point of buying at all-time highs is that shares price doesn't have upper resistances, and usually it scales quickly. However, you must always be aware of a possible bulls trap that may trigger your buy order and then falls sharply. That's why a stop loss is always important. Northrop Grumman can break to all-time highs any time soon, as it only needs to go up a 4.41%. Setup your buy order at $379.03 if you want to trade with this strategy. The stop loss would be placed at $341.13
|Buy setup||Buy point||Stop loss||Risk|
|ATH buy setup||$379.03||$341.13||10.00%|
Should I sell Northrop Grumman stock?
How to know when is it time to sell Northrop Grumman?. In the same way as when we have to buy shares, deciding when is the best time to sell is not a fickle decision, and we must follow our own trading strategy. Our trading system selects very simple setups to guide us on when is the best moment to sell a stock. Be aware that these setups should not be used for shorting $NOC stock
As a golden rule, you should not mantain a trading operation that generates higher than expected losses by the time of the buy. When to sell your stock must always be ruled 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 own Northrop Grumman stock and your operation is in profit probably is not time to sell now
Northrop Grumman ratings
In the last month we couldn't find any rating for Northrop Grumman
Northrop Grumman stock analysis
From a technical standpoint, Northrop Grumman continues in downtrend since last June, and has lost a -4.22%. The stock plotted 2 consecutive lower tops.
Supports and resistances
The current resistances are:
The current supports are:
Since the price broke down the lower band on July 19, the price rebounded by 3.53%. The price is trading very close to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell signal, as price can trade in these levels for many days and weeks. The price is trading very close to the lower Bollinger band, indicating some level of oversold in recent sessions. This is not a buy signal, as price can move in these levels for many days and weeks
Relative strength index
The has been between the levels of 70 and 30 for some weeks, and therefore, without this indicator really being of any help to us in making any decisions.
Northrop Grumman stock price history
Northrop Grumman IPO was on Dec 31st, 1981 at $2.67 per share1. Since then, NOC stock has risen by 13,496.25%, with an average of 346.06% per year. An investment of $1,000USD at that time would have a value of $135,962.55 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Northrop Grumman stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.
The following table shows the price forecasts released by financial institutions in the last month. Again, these estimates are not direct recommendations for individual investors and should not be followed blindly.
We don't have any target price published in the previous 30 days for Northrop Grumman.
Earnings and financials
Last Thursday, Northrop Grumman Corporation ($NOC) reported adjusted EPS for that slightly enhanced Wall St. expectations. Quarterly EPS was $6.42 per share versus the estimated $5.83. This Q2 report means an earnings surprise of 10.12%.In comparison, the EPS for the same quarter last year was $6.01, so current EPS means a increase of 6.82%. Looking at revenues, figures only changed compared to $88.8B same quarter 12 months ago.
NOC ($NOC) is hosting the quarterly earnings call next October.
Northrop Grumman performance
|Northrop Grumman ($NOC)||-0.40%||3.60%||27.00%|
Important:The viewpoints given in this post are personal and not recommendations for you to buy or sell shares. The author of this document does not know the specific scenarios of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are expressed for educative motives only
|Friday, July 30th, 2021|
|Day range||$362.21 - $366.38|
|Average true range||$6.42|
|50d mov avg||$367.67|
|100d mov avg||$352.49|
|200d mov avg||$325.32|
|Earnings date||October 20th, 2021|