NABORS INDUSTRIES LTD (NBR) Stock Technical Analysis
USA - NYSE:NBR - BMG6359F1370 - Common Stock
41.65 USD
+0.1 (+0.24%)
41.6 USD
-0.05 (-0.12%)
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.
When comparing the yearly performance of all stocks, NBR is a bad performer in the overall market: 80% of all stocks are doing better.
NBR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month NBR has a been trading in the 31.10 - 44.01 range, which is quite wide. It is currently trading near the high of this range.
NBR is an average performer in the Energy Equipment & Services industry, it outperforms 44% of 61 stocks in the same industry.
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.
More info and screens
31.34
42.94
2 important support areas can be observed.
- Support @33.91 from a trend line in the daily time frame.
- Support @31.66 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 42.03 to 42.51. 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 | 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. |
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)
41.65
+0.1 (+0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg0.24%
1 Week3.48%
2 Weeks12.32%
1 Month31.89%
3 Month27.72%
6 Month-4.27%
12 Month-38.13%
2 Year-66.18%
3 Year-58.95%
5 Year70.42%
10 Year-91.19%
15 Year-95.39%
Volatility
ATR(14)1.95
ATR(20)%5.39%
ATR Inc5.97%
Range Today1.67
ADR(20)2.19
ADR(20)%5.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.63
Mansfield-2.07
10 Day High44.01
10 Day Low34.7
20 Day High44.01
20 Day Low31.1
52 Week High86.1
52 Week Low23.27
CS1 End33.91
CR1 Start42.03
Volume & EV
DER(3)1.02%
DER(5)0.24%
Volume425.40K
Volume Incr10.02%
Vol(5)582.02K
Vol(50)533.63K