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 4 out of 10. In the past year, NBR was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
94% 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. 83% of 63 stocks in the same industry do better.
NBR is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NBR is lagging the market.
NBR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
NBR has an average technical rating and also the quality of the setup is 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
32.28
35.25
When analyzing the resistance we notice 2 important areas.
- Resistance @34.21 from a trend line in the daily time frame.
- 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 | UP | POSITIVE | The short term trend for NBR is up. |
| ChartMill Relative Strength | 6.82 | NEGATIVE | NBR has a low relative strength, it was outperformed by 93.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NBR is above 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) | 55.02 | NEUTRAL | The RSI value for NBR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.46 | POSITIVE | The MACD value suggests NBR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.07 | NEUTRAL | The Stochastics value for NBR is a neutral value. |
| Average True Range in percent/ATR (20) | 6.94 | HIGH VOLATILITY | The high ATR as a percentage value for NBR suggests high volalility. |
| Average Directional Index/ADX (14) | 30.47 | 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)
32.61
-1.16 (-3.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-3.44%
1 Week-2.95%
2 Weeks14.42%
1 Month32.56%
3 Month-25.05%
6 Month-39.35%
12 Month-51.61%
2 Year-64.95%
3 Year-75.65%
5 Year-11.91%
10 Year-95.48%
15 Year-96.3%
Volatility
ATR(14)2.47
ATR(20)%6.94%
ATR Inc-16.68%
Range Today1.85
ADR(20)2.15
ADR(20)%6.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.82
Mansfield-4.57
10 Day High37.5
10 Day Low29.11
20 Day High37.5
20 Day Low23.27
52 Week High105.96
52 Week Low23.27
CS1 EndN/A
CR1 Start34.21
Volume & EV
DER(3)-2.11%
DER(5)-3.63%
Volume1.06M
Volume Incr28.41%
Vol(5)637.72K
Vol(50)469.85K