Northrop Grumman Corporation (NYSE: NOC) STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 503 – 508 |
| Target | 527 – 532 |
| StopLoss* | below 495 |
| Duration | 12-14 Trading Days |
| Potential Returns | 5% – 6% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 503 – 508 | 527 – 532 | below 495 | 12-14 Trading Days | 5% – 6% |
* Once the first target hit, reset the StopLoss at your buying price.
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Northrop Grumman Corporation (NYSE: NOC) STOCK OVERVIEW
Northrop Grumman Corp. specializes in advanced aircraft systems. It operates in four segments: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems. The Aeronautics Systems segment focuses on designing, developing, producing, integrating, sustaining, and modernizing advanced aircraft for the U.S. Air Force, Navy, and international clients. The Defense Systems segment covers integrated battle management, weapons systems, and mission systems support. The Mission Systems segment provides advanced solutions for the U.S. defense and intelligence sectors, as well as international clients. The Space Systems segment offers comprehensive mission solutions through the design and operation of space, missile defense, and launch systems for various customers. Founded in 1939 by John K. Northrop, Thomas V. Jones, and Kent Kresa, the company is based in Falls Church, VA.
| Stock Data | |
| NYSE Symbol | NOC |
| Sectoral Index | Industrials |
| 52 Weeks High | 508.47 |
| 52 Weeks Low | 414.56 |
Northrop Grumman Corporation (NYSE: NOC) - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Northrop Grumman Corporation — NYSE —
Northrop Grumman Corporation (NYSE: NOC) - DAILY TECHNICAL ANALYSIS
- After the Falling Wedge pattern breakout, the price initially surged upward but hit a significant resistance around the 500 level, leading to a pullback.
- Following a period of consolidation, the price formed an Inverted Head & Shoulders pattern, indicating a potential trend reversal was imminent.
- However, after breaking out, the price faced another rejection, resulted in a steep decline.
- Ultimately, the price found support near the 420 level, where it created a Double Bottom pattern.
- With a substantial gap up, the price successfully broke through the Double Bottom formation and subsequently surpassed the previous strong resistance area.
- At present, the price is trading just above the breakout point, gearing up for its next move.
Northrop Grumman Corporation (NYSE: NOC) - RSI
- Current RSI of this stock is 76.62, which indicates the strength of buyers.
Northrop Grumman Corporation (NYSE: NOC) - EMA Cross
- The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
Northrop Grumman Corporation (NYSE: NOC) - ADX & DI
- Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.
CONCLUSION - Northrop Grumman Corporation (NYSE: NOC) STOCK PRICE FORECAST
Based on our stock trading advice in USA, Northrop Grumman Corporation stock price target will be USD 527 – USD 532 in the next 12-14 trading sessions.
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