Nabors Industries Ltd (NBR)       134.28  +13.29 (+10.98%)

134.28  +13.29 (+10.98%)

BMG6359F1370 - Common Stock - After market: 127.58 -6.7 (-4.99%)

Technical Rating

Overall NBR gets a technical rating of 1 out of 10. NBR has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.



The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the yearly performance of all stocks, we notice that NBR is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
NBR is part of the Energy Equipment & Services industry. There are 94 other stocks in this industry, NBR did better than 68% of them.
NBR is currently trading in the middle of its 52 week range. The S&P500 Index is currently trading in the lower part of its 52 week range, so NBR is still doing slightly better than the market.
Volume is considerably higher in the last couple of days.
In the last month NBR has a been trading in the 117.93 - 193.88 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months -13.97% -16.27% 54.81% 16.05% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 86.34 65.58 - 207.67
NBR Weekly chart
NBR Daily chart

Support/Resistance Analysis


119.66

188.62
We found 2 important support areas.
  • Support @132.84 from a horizontal line in the weekly time frame.
  • A support zone ranging from 120.87 to 120.98. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
  • Resistance @173.96 from a trend line in the weekly time frame.
  • Resistance @186.75 from a trend line in the daily time frame.

Setup Analysis

Setup Rating

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 Ltd134.28

NYSE:NBR (6/24/2022, 6:56:20 PM)+13.29 (+10.98%)

After market: 127.58 -6.7 (-4.99%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Energy Equipment & Services
Performance
Today 10.98% 1 Week -4.55%
2 Weeks -25.82% 1 Month -13.97%
3 Month -16.27% 6 Month 54.81%
Volatility
ATR(14) 13.34 ATR(20)% 9.49%
ATR Inc 17.49% Range Today 13.66
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 86.34 Mansfield 2.81
10 Day High 182.47 10 Day Low 117.93
20 Day High 193.88 20 Day Low 117.93
52 Week High 207.67 52 Week Low 65.58
CS1 End 132.84 CR1 Start 173.96
Volume & EV
DER(3) 0.65% DER(5) 0.97%
Volume 556.57K Volume Incr 127.46%
Vol(5) 381.00K Vol(50) 207.00K

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