NABORS INDUSTRIES LTD (NBR)       112.74  +5.18 (+4.82%)

112.74  +5.18 (+4.82%)

BMG6359F1370 - Common Stock - After market: 112.74 0 (0%)

Technical Rating

0

Overall NBR gets a technical rating of 0 out of 10. NBR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.



Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
85% of all other stocks performed better in the past year than NBR.
NBR is part of the Energy Equipment & Services industry. There are 91 other stocks in this industry, of which 80% are performing better than NBR.
NBR is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month NBR has a been trading in the 106.32 - 162.74 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

Statistics

1 Month 3 Months 6 Months 12 Months -27.48% -27.71% 19.43% -29.70% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 15.64 92.66 - 207.67
NBR Weekly chart
NBR Daily chart

Support/Resistance Analysis


105.71

182.13
When analyzing the support we notice one important area.
  • A support zone ranging from 106.78 to 107.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
  • A resistance zone ranging from 141.80 to 143.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @173.67 from a trend line in the weekly time frame.
  • Resistance @180.33 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

3

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.


NBR Daily chart

NABORS INDUSTRIES LTD112.74

NYSE:NBR (3/20/2023, 8:26:02 PM)+5.18 (+4.82%)

After market: 112.74 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Energy Equipment & Services

Performance
Today 4.82% 1 Week -10.37%
2 Weeks -29.03% 1 Month -27.48%
3 Month -27.71% 6 Month 19.43%

Volatility
ATR(14) 8.99 ATR(20)% 7.77%
ATR Inc -12.47% Range Today 5.62

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 15.64 Mansfield -2.16
10 Day High 160.76 10 Day Low 106.32
20 Day High 162.74 20 Day Low 106.32
52 Week High 207.67 52 Week Low 92.66
CS1 End 107.56 CR1 Start 141.8

Volume & EV
DER(3) 1.76% DER(5) 2.22%
Volume 213.60K Volume Incr 76.33%
Vol(5) 395.56K Vol(50) 224.02K

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