NABORS INDUSTRIES LTD (NBR) Stock Technical Analysis
NYSE:NBR - New York Stock Exchange, Inc. - BMG6359F1370 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to NBR. Recently some decent action could be observed, but in the medium term time frame this is still negative. NBR was also a bad performer in the overall market in the last year.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
92% of all other stocks performed better in the past year than NBR.
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. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month NBR has a been trading in the 27.18 - 37.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NBR has a poor technical rating and the quality of the setup is also only medium 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
27.16
35.25
We found 2 important support areas.
- A support zone ranging from 27.91 to 28.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.43 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 32.27 to 32.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 34.90 to 34.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for NBR is neutral. |
| ChartMill Relative Strength | 8.14 | NEGATIVE | NBR has a low relative strength, it was outperformed by 91.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NBR is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NBR is above the rising 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) | 53.01 | NEUTRAL | The RSI value for NBR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests NBR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.11 | NEUTRAL | The Stochastics value for NBR is a neutral value. |
| Average True Range in percent/ATR (20) | 7.01 | HIGH VOLATILITY | The high ATR as a percentage value for NBR suggests high volalility. |
| Average Directional Index/ADX (14) | 20.02 | NEUTRAL | The ADX value for NBR suggests a possible start of a new 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)
31.16
-0.2 (-0.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-0.64%
1 Week10.61%
2 Weeks-7.73%
1 Month7.82%
3 Month7.63%
6 Month-49.51%
12 Month-54.03%
2 Year-74.56%
3 Year-78.13%
5 Year-26.53%
10 Year-94.63%
15 Year-96.61%
Volatility
ATR(14)2.16
ATR(20)%7.01%
ATR Inc-27.28%
Range Today0.99
ADR(20)2.06
ADR(20)%6.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.14
Mansfield-4.91
10 Day High34.31
10 Day Low27.18
20 Day High37.5
20 Day Low27.18
52 Week High105.96
52 Week Low23.27
CS1 EndN/A
CR1 Start33.35
Volume & EV
DER(3)-1.58%
DER(5)-1.01%
Volume172.10K
Volume Incr1.22%
Vol(5)545.96K
Vol(50)494.56K