NATIONAL ENERGY SERVICES REU (NESR) Stock Technical Analysis
USA - NASDAQ:NESR - VGG6375R1073 - Common Stock
We assign a technical rating of 9 out of 10 to NESR. Both in the recent history as in the last year, NESR has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although NESR has an excellent technical rating, it does not present a decent entry opportunity 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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11.94
When analyzing the support we can see 2 important areas.
- A support zone ranging from 12.30 to 12.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.06 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @14.11 from a horizontal line 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 | UP | POSITIVE | The long term trend for NESR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NESR is up. |
| ChartMill Relative Strength | 95.83 | POSITIVE | NESR has a high relative strength, it outperformed 95.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NESR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NESR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NESR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.47 | NEUTRAL | The RSI value for NESR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests NESR has a positive trend. |
| Stochastics (14,3) | 65.54 | NEUTRAL | The Stochastics value for NESR is a neutral value. |
| Average True Range in percent/ATR (20) | 5.06 | HIGH VOLATILITY | The high ATR as a percentage value for NESR suggests high volalility. |
| Average Directional Index/ADX (14) | 41.9 | POSITIVE | The high ADX value value for NESR suggests a strong trend. |
13.75
-0.22 (-1.57%)
NATIONAL ENERGY SERVICES REU / NESR FAQ
Can you provide the ChartMill technical rating for NATIONAL ENERGY SERVICES REU?
ChartMill assigns a technical rating of 9 / 10 to NESR.
Can you provide the trend direction for NATIONAL ENERGY SERVICES REU?
The current trend direction for NATIONAL ENERGY SERVICES REU (NESR) is Bullish.
Can you provide the RSI signal for NATIONAL ENERGY SERVICES REU?
NATIONAL ENERGY SERVICES REU (NESR) has an RSI value of 66.4733. This indicates that the stock is currently neutral.
What is the short term momentum for NATIONAL ENERGY SERVICES REU (NESR) stock?
The short term momentum for NATIONAL ENERGY SERVICES REU (NESR) is positive.
What is the support and resistance level for NESR stock?
NATIONAL ENERGY SERVICES REU (NESR) has a support level at 12.37 and a resistance level at 14.11. Check the full technical report for our detailed analysis of NESR support and resistance levels.