NABORS INDUSTRIES LTD (NBR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NBR - BMG6359F1370 - Common Stock
Overall NBR gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NBR is only an average performer.
Although NBR has an excellent technical rating, the quality of the presented setup is not ideal 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.
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43.61
When analyzing the support we can see 4 important areas.
- A support zone ranging from 53.03 to 54.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 49.73 to 50.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @45.10 from a trend line in the daily time frame.
- Support @44.05 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @55.98 from a trend line in the weekly time frame.
- A resistance zone ranging from 58.43 to 58.43. 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 | UP | POSITIVE | The long term trend for NBR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NBR is up. |
| ChartMill Relative Strength | 72.8 | POSITIVE | NBR has a high relative strength, it outperformed 72.8% 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) | UP | POSITIVE | The current price of NBR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.69 | NEUTRAL | The RSI value for NBR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NBR has a positive trend. |
| Stochastics (14,3) | 66.89 | NEUTRAL | The Stochastics value for NBR is a neutral value. |
| Average True Range in percent/ATR (20) | 4.62 | MEDIUM VOLATILITY | The ATR as a percentage value for NBR suggests some volalility. |
| Average Directional Index/ADX (14) | 27.55 | POSITIVE | The high ADX value value for NBR suggests a strong trend. |
55.4
+1.1 (+2.03%)
NABORS INDUSTRIES LTD / NBR FAQ
What is the ChartMill technical rating of NABORS INDUSTRIES LTD (NBR) stock?
ChartMill assigns a technical rating of 8 / 10 to NBR.
Can you provide the trend direction for NABORS INDUSTRIES LTD?
The current trend direction for NABORS INDUSTRIES LTD (NBR) is Bullish.
What is the RSI signal for NBR stock?
NABORS INDUSTRIES LTD (NBR) has an RSI value of 59.6898. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NABORS INDUSTRIES LTD?
The short term momentum for NABORS INDUSTRIES LTD (NBR) is positive.
What are the support and resistance levels for NABORS INDUSTRIES LTD (NBR) stock?
NABORS INDUSTRIES LTD (NBR) has a support level at 54.01 and a resistance level at 55.98. Check the full technical report for our detailed analysis of NBR support and resistance levels.