NOV Inc. gains 1.19% within $15 to $15.43 daily range

Yesterday at a glance: the hydrocarbon exploration enabler went up to $15.29, gaining 1.19%.

United States Building Permits is next today at 12:00 UTC.

National Oilwell Varco Inc made an initial breakout above its 10 day Simple Moving Average at $15.21, a potential indicator of a newly emerging bullish phase. Fibonacci-focused traders would be interested to note that NOV Inc. is oscillating around the key Fibonacci resistance level of $15.31. Despite this, although NOV is appreciating today after rising as high as $15.43, price action is now slowing and consolidating around 19 cents below the $15.48 resistance level.

Overall, looking at the technical analysis landscape, it seems NOV Inc. might continue pointing upwards in the short term.

NOV went up yesterday, yet these energy stocks did not follow — Chevron went down to $152.44, losing 1.8% after it closed at $155.23 yesterday. Exxon Mobil went down 1.21%, closed at $106.26. BP draws back 0.39% yesterday to close at $36.03.

Also worthy of note, United States Crude Oil Inventories projected to decline to -920,000 while previous data was 5 million; data will be released tomorrow at 14:30 UTC.

Furthermore, the market is looking at United States New Home Sales (Apr) scheduled to come out today at 14:00 UTC. United States Services PMI figure is projected at 52.6. It previously stood at 53.6; data will be released today at 13:45 UTC.

Pointing downwards for around a month. Over the past 3 months, the hydrocarbon exploration enabler has retreated 39.07% from a noteworthy peak of $24.8.