Northern Oil & Gas, Inc. (NOG) Stock: What Does the Chart Say Tuesday?

Overall market sentiment has been high on Northern Oil & Gas, Inc. (NOG) stock lately. NOG receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Northern Oil & Gas, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on NOG!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With NOG Stock Today?

Northern Oil & Gas, Inc. (NOG) stock is lower by -0.09% while the S&P 500 is up 0.06% as of 10:15 AM on Tuesday, Dec 28. NOG has fallen -$0.02 from the previous closing price of $21.17 on volume of 93,528 shares. Over the past year the S&P 500 is higher by 28.34% while NOG is up 138.98%. NOG lost -$6.36 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for Northern Oil & Gas, Inc. click here.

More About Northern Oil & Gas, Inc.

Northern Oil & Gas Inc is an independent energy company engaged in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties. Its principal business is crude oil and natural gas exploration, development, and production with operations in North Dakota and Montana that primarily target the Bakken and Three Forks formations in the Williston Basin of the United States. Click Here to get the full Stock Report for Northern Oil & Gas, Inc. stock.