NUVERRA ENVIRONMENTAL SOLUTI (NES) Stock Technical Analysis
NYSEARCA:NES - NYSE Arca - Common Stock
Taking everything into account, NES scores 6 out of 10 in our technical rating. In the last year, NES was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
NES 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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
NES is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 95% of 61 stocks in the same industry.
NES has an average volume of 3689570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that NES is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month NES has a been trading in the 1.58 - 2.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NES has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.73
3.09
When analyzing the support we notice one important area.
- A support zone ranging from 1.75 to 1.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.33 to 2.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.98 from a horizontal line in the weekly time frame.
- Resistance @3.06 from a horizontal line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for NES is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NES is neutral. |
| ChartMill Relative Strength | 89.41 | POSITIVE | NES has a high relative strength, it outperformed 89.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NES is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NES is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NES is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.82 | NEUTRAL | The RSI value for NES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests NES has a positive trend. |
| Stochastics (14,3) | 40.52 | NEUTRAL | The Stochastics value for NES is a neutral value. |
| Average True Range in percent/ATR (20) | 8.43 | HIGH VOLATILITY | The high ATR as a percentage value for NES suggests high volalility. |
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)
2.149
+0.22 (+11.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg11.35%
1 Week16.16%
2 Weeks10.21%
1 Month23.51%
3 Month43.27%
6 Month-3.2%
12 Month-6.16%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%8.43%
ATR Inc37.41%
Range Today0.3
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.41
Mansfield0.58
10 Day High2.23
10 Day Low1.78
20 Day High2.32
20 Day Low1.58
52 Week High4.56
52 Week Low1.3
CS1 End1.75
CR1 Start2.33
Volume & EV
DER(3)5.5%
DER(5)6.95%
Volume249.20K
Volume Incr-16.94%
Vol(5)99.78K
Vol(50)3.69M