NESR Technical Analysis - NESTLE SA-REG

Technical Rating and Analysis

Taking everything into account, NESR scores 4 out of 10 in our technical rating. In the last year, NESR was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

When comparing the yearly performance of all stocks, NESR is a bad performer in the overall market: 100% of all stocks are doing better.

NESR is one of the lesser performing stocks in the Food Products industry. 92% of 58 stocks in the same industry do better.

Warning: NESR has an average volume of 9300 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long and short term trends are both positive. This is looking good!

In the last month NESR has a been trading in a tight range between 76.00 and 80.19.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

NESR has an average technical rating and it also does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

74.91

81.77

2 important support areas can be observed.

A support zone ranging from 77.45 to 78.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 75.67 to 75.67. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 80.77 to 80.96. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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 NESR.DE is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for NESR.DE is up.
ChartMill Relative Strength	0	NEGATIVE	NESR.DE has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of NESR.DE is above a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of NESR.DE is above the rising SMA(50).
Relative Strength Index/RSI (14)	59.32	NEUTRAL	The RSI value for NESR.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.38	POSITIVE	The MACD value suggests NESR.DE has a positive trend.
Stochastics (14,3)	95.56	OVERBOUGHT	The high Stochastics value suggests NESR.DE may be overbought.
Average True Range in percent/ATR (20)	1.27	LOW VOLATILITY	The low ATR as a percentage value for NESR.DE suggests low volalility.
Average Directional Index/ADX (14)	22.52	NEUTRAL	The ADX value for NESR.DE suggests a possible start of a new trend.