USA - NYSE:NBR - BMG6359F1370 - Common Stock
We assign a technical rating of 7 out of 10 to NBR. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, NBR is a bad performer.
Although NBR has an excellent technical rating, it does not present a decent entry opportunity 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.
31.34
When analyzing the support we can see 2 important areas.
When analyzing the resistance we notice one important area.
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 | 20.63 | NEGATIVE | NBR has a low relative strength, it was outperformed by 79.37% 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 | MIXED | The current price of NBR is above a declining SMA(200). |
Relative Strength Index/RSI (14) | 64.64 | NEUTRAL | The RSI value for NBR is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests NBR has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 77.58 | NEUTRAL | The Stochastics value for NBR is a neutral value. |
Average True Range in percent/ATR (20) | 5.39 | HIGH VOLATILITY | The high ATR as a percentage value for NBR suggests high volalility. |
Average Directional Index/ADX (14) | 35.27 | POSITIVE | The high ADX value value for NBR suggests a strong trend. |
41.65
+0.1 (+0.24%)