- Northrop Grumman Corporation is trading at $440.55.
- Northrop Grumman Corporation has shown a decline of -8.89% in one year.
On the weekly time frame, we see that the stock price is rising, and lower lows have been attained by Northrop Grumman Corporation (NYSE: NOC) stock.
The company’s dividend payout is 23.39%, with a dividend yield of 1.66%. Unfortunately, the company’s earnings are on the decline. The quarterly profit margin percentage and net income have both experienced a decrease, indicating unstable finances.
Over the past year, NOC stock has seen a negative return of -8.89%. The stock is currently following a descending triangle pattern, with a high point at $556.27, followed by a significant decline of over 25%. This points to a weakening stock price, and further declines are expected in the near future.
The technical summary indicators are also sending negative signals. Among the total 26 indicators, most are indicating a sell signal, while only a few are suggesting a buy signal.
Northrop Grumman Corporation (NOC) Stock Price Analysis
sss by writer50_tcr on TradingView.com
Indicators’ Outlook
Examining Northrop Grumman Corporation’s stock, we observe that both the 50-day and 100-day EMAs are positioned above the current price, indicating the potential for a price decline in the near future.
Looking at the MACD indicator for Northrop Grumman Corporation, we see that both the MACD and signal lines are below zero. The presence of a red histogram in the MACD indicates a weak market momentum, suggesting a possible downward trend.
However, the chart volume for Northrop Grumman Corporation’s stock has been steadily decreasing, indicating low market activity. This falling volume suggests the likelihood of a price fall, as it shows that sellers are actively making fresh positions.
Conclusion
The analysis indicates that Northrop Grumman Corporation’s stock is moving in an uptrend. The price has shown a return of -8.89%. The overall trend of the stock is negative, and further price decline is expected in the future.
Technical Levels
- Support Level: $419
- Resistance Level:- $477
Disclaimer
The views and opinions of the author, or anyone named in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.