Want to know the current price of Northrop Grumman and what’s next for NOC shares? On this page, we share the latest Northrop Grumman news and advice on buying stocks. You can also view the latest Northrop Grumman Forecast for 2022 and 2023 from our experts.
Should you buy or sell Northrop Grumman shares today? To what levels can the shares of this company rise in a year, two, three? How much will Northrop Grumman stocks cost in 2021, 2022, 2023? We have been making currency rate forecasts for a long time, and we can also predict the behavior of the stock market using technical analysis and simple indicators.
We also take into account the technical, fundamental analysis of stocks, the news background, the general geopolitical situation in the world and other, smaller factors. The share forecasts indicate target levels for NOC shares, both up and down.
Northrop Grumman Forecast for 2022 and 2023
Quotes of Northrop Grumman continue to move within the correction and the bullish channel, buyers have not yet been able to break through the important resistance at the level of 400.05. The moving averages indicate a short-term bullish trend for NOC stocks. Prices are testing the areas between the signal lines, which indicates pressure from buyers of securities and a likely continuation of the rise in the near future. At the time of publication of the forecast, the price of Northrop Grumman shares is 364.98 per share. As part of the forecast, we should expect an attempt to fall and a test of the support level near the area of 330.05. Further, the price bounces up and the continued rise in the value of securities. The potential target of such a movement in shares is the area above the level of 460.05 already in 2021, 2022, 2023.
An additional signal in favor of the growth of Northrop Grumman quotes will be a test of the support line on the relative strength index (RSI), as we can see, there were many upward rebounds at the time of the test of this line. The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the option to raise the price of NOC shares will be a fall and a breakdown of the level of 290.05. This will indicate a breakdown of the lower boundary of the ascending channel, in which case we can consider the continuation of the decline in securities to the area at the level of 230.05. It is worth waiting for confirmation of the rise in shares with a breakdown of the resistance area and closing above the level of 400.05.
Northrop Grumman Forecast for 2022 and 2023 suggests an attempt to develop a decline and test the support area near the level of 330.05. Where should we expect a rebound and an attempt to continue the rise of shares in the area above the level of 460.05. In favor of the growth of securities, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the NOC rise option will be a fall and a breakdown of the level of 290.05. This will indicate a breakdown of the lower border of the bullish channel and a continuation of the fall in value to the area below the level of 230.05.
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