NESR Technical Analysis - NESTLE SA-REG

Technical Rating and Analysis

Taking everything into account, NESR scores 2 out of 10 in our technical rating. NESR performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.

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 part of the Food Products industry. There are 59 other stocks in this industry, of which 96% are performing better than NESR.

Warning: NESR has an average volume of 9051 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

In the last month NESR has a been trading in the 76.30 - 81.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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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 a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 76.59, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

74.91

81.77

We found 1 important support area.

A support zone ranging from 75.67 to 76.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 79.65 to 80.96. This zone is formed by a combination of multiple trend lines and important moving averages 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	DOWN	NEGATIVE	The short term trend for NESR.DE is down.
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)	UP	MIXED	The current price of NESR.DE is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of NESR.DE is below a declining SMA(50).
Relative Strength Index/RSI (14)	42.16	NEUTRAL	The RSI value for NESR.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.14	NEGATIVE	The MACD value suggests NESR.DE has a negative trend.
Stochastics (14,3)	23.4	NEUTRAL	The Stochastics value for NESR.DE is a neutral value.
Average True Range in percent/ATR (20)	1.5	LOW VOLATILITY	The low ATR as a percentage value for NESR.DE suggests low volalility.
Average Directional Index/ADX (14)	20.91	NEUTRAL	The ADX value for NESR.DE suggests a possible start of a new trend.