NABORS INDUSTRIES LTD (NBR) Stock Technical Analysis
NYSE:NBR - BMG6359F1370 - Common Stock
33.5 USD
-2.47 (-6.87%)
34.15 USD
+0.65 (+1.94%)
We assign a technical rating of 2 out of 10 to NBR. NBR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
87% of all other stocks performed better in the past year than NBR.
NBR is part of the Energy Equipment & Services industry. There are 61 other stocks in this industry, of which 65% are performing better than NBR.
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.
In the last month NBR has a been trading in the 30.90 - 37.33 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Although the technical rating is bad, NBR does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 35.49. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 31.93, a Stop Loss order could be placed below this zone.
More info and screens
31.25
36.34
We found 1 important support area.
- A support zone ranging from 31.57 to 31.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 35.49 to 35.98. 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 | NEUTRAL | NEUTRAL | The short term trend for NBR is neutral. |
| ChartMill Relative Strength | 13.76 | NEGATIVE | NBR has a low relative strength, it was outperformed by 86.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NBR is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NBR is above a declining 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) | 50.68 | NEUTRAL | The RSI value for NBR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests NBR has a negative trend. |
| Stochastics (14,3) | 44.47 | NEUTRAL | The Stochastics value for NBR is a neutral value. |
| Average True Range in percent/ATR (20) | 7.43 | HIGH VOLATILITY | The high ATR as a percentage value for NBR suggests high volalility. |
| Average Directional Index/ADX (14) | 22.25 | NEUTRAL | The ADX value for NBR suggests a possible start of a new 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)
33.5
-2.47 (-6.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-6.87%
1 Week-0.21%
2 Weeks0.42%
1 Month0.63%
3 Month27.91%
6 Month-22.51%
12 Month-58.35%
2 Year-69.74%
3 Year-74.72%
5 Year-16.21%
10 Year-94.19%
15 Year-95.73%
Volatility
ATR(14)2.42
ATR(20)%7.43%
ATR Inc121%
Range Today3.14
ADR(20)2.42
ADR(20)%7.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.76
Mansfield-3.74
10 Day High37.33
10 Day Low31.1
20 Day High37.33
20 Day Low30.9
52 Week High86.1
52 Week Low23.27
CS1 End31.93
CR1 Start35.49
Volume & EV
DER(3)0.83%
DER(5)-1.24%
Volume875.70K
Volume Incr18.36%
Vol(5)658.08K
Vol(50)551.48K