NABORS INDUSTRIES LTD (NBR) Stock Technical Analysis
NYSE:NBR - New York Stock Exchange, Inc. - BMG6359F1370 - Common Stock - Currency: USD
Overall NBR gets a technical rating of 0 out of 10. NBR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, NBR is a bad performer in the overall market: 96% of all stocks are doing better.
NBR is one of the lesser performing stocks in the Energy Equipment & Services industry. 82% of 63 stocks in the same industry do better.
NBR is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so NBR is lagging the market.
In the last month NBR has a been trading in the 23.27 - 32.84 range, which is quite wide. It is currently trading near the lows of this range.
The technical rating of NBR is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
25.55
28.90
We can see 3 important resistance areas.
- A resistance zone ranging from 26.46 to 26.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 27.66 to 27.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @28.61 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for NBR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NBR is down. |
| ChartMill Relative Strength | 4.92 | NEGATIVE | NBR has a low relative strength, it was outperformed by 95.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NBR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NBR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NBR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.63 | NEUTRAL | The RSI value for NBR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests NBR has a positive trend. |
| Stochastics (14,3) | 26.89 | NEUTRAL | The Stochastics value for NBR is a neutral value. |
| Average True Range in percent/ATR (20) | 7.76 | HIGH VOLATILITY | The high ATR as a percentage value for NBR suggests high volalility. |
| Average Directional Index/ADX (14) | 29.26 | POSITIVE | The high ADX value value for NBR suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
25.81
-0.6 (-2.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-2.27%
1 Week1.18%
2 Weeks-15.96%
1 Month-5.6%
3 Month-35.78%
6 Month-64.85%
12 Month-65.48%
2 Year-69.16%
3 Year-84.52%
5 Year-30.36%
10 Year-96.5%
15 Year-97.29%
Volatility
ATR(14)1.98
ATR(20)%7.76%
ATR Inc-40.43%
Range Today1.28
ADR(20)1.75
ADR(20)%6.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.92
Mansfield-5.82
10 Day High30.75
10 Day Low23.27
20 Day High32.84
20 Day Low23.27
52 Week High105.96
52 Week Low23.27
CS1 EndN/A
CR1 Start26.46
Volume & EV
DER(3)1.13%
DER(5)2.08%
Volume353.60K
Volume Incr-17.61%
Vol(5)378.78K
Vol(50)478.28K