NATIONAL ENERGY SERVICES REU (NESR) Stock Technical Analysis
NASDAQ:NESR - Nasdaq - VGG6375R1073 - Common Stock - Currency: USD
Overall NESR gets a technical rating of 2 out of 10. NESR'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.
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 Energy Equipment & Services industry. There are 62 other stocks in this industry, of which 90% are performing better than NESR.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
In the last month NESR has a been trading in the 5.66 - 6.76 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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. We notice that large players showed an interest for NESR in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
5.43
6.78
When analyzing the support we can see 3 important areas.
- Support @5.95 from a trend line in the daily time frame.
- Support @5.84 from a horizontal line in the weekly time frame.
- A support zone ranging from 5.48 to 5.49. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 6.33 to 6.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 6.60 to 6.71. This zone is formed by a combination of multiple trend lines in the daily 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 NESR is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NESR is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | NESR 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 is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NESR is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 47.99 | NEUTRAL | The RSI value for NESR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NESR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.14 | NEUTRAL | The Stochastics value for NESR is a neutral value. |
| Average True Range in percent/ATR (20) | 5.59 | HIGH VOLATILITY | The high ATR as a percentage value for NESR suggests high volalility. |
| Average Directional Index/ADX (14) | 13.7 | NEGATIVE | The low ADX value for NESR suggests a weak or negative 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)
6.12
-0.24 (-3.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-3.77%
1 Week-1.77%
2 Weeks3.73%
1 Month0.82%
3 Month1.49%
6 Month-34.12%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%5.59%
ATR Inc-21.24%
Range Today0.38
ADR(20)0.34
ADR(20)%5.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High6.76
10 Day Low5.78
20 Day High6.76
20 Day Low5.66
52 Week HighN/A
52 Week LowN/A
CS1 End5.95
CR1 Start6.33
Volume & EV
DER(3)4.69%
DER(5)1.87%
Volume427.40K
Volume Incr-55.65%
Vol(5)495.28K
Vol(50)701.37K