Overall NESR gets a technical rating of 10 out of 10. 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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that NESR is one of the better performing stocks in the market, outperforming 96% of all stocks. On top of that, NESR also shows a nice and consistent pattern of rising prices.
- NESR is part of the Energy Equipment & Services industry. There are 61 other stocks in this industry. NESR outperforms 95% of them.
- NESR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month NESR has a been trading in the 16.18 - 21.05 range, which is quite wide. It is currently trading near the high of this range.
- NESR has an average volume of 1002400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NESR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
17.39
When analyzing the support we can see 3 important areas.
- A support zone ranging from 20.12 to 20.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 19.08 to 19.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @17.57 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @20.85 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 | 96.78 | POSITIVE | NESR has a high relative strength, it outperformed 96.78% 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) | 71.03 | OVERBOUGHT | The high RSI value suggests NESR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests NESR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.65 | OVERBOUGHT | The high Stochastics value suggests NESR may be overbought. |
| Average True Range in percent/ATR (20) | 4.36 | MEDIUM VOLATILITY | The ATR as a percentage value for NESR suggests some volalility. |
| Average Directional Index/ADX (14) | 52.96 | POSITIVE | The high ADX value value for NESR suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 20.86 | 20.11 | 0.75 (3.60%) | 25.00% |
| An entry @20.86. This is a Buy Stop order right above the resistance zone. | An exit @20.11. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.75 points, which is 3.60%. | For a 0.90% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NESR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
20.45
-0.4 (-1.92%)
NATIONAL ENERGY SERVICES REU / NESR FAQ
Can you provide the ChartMill technical rating for NATIONAL ENERGY SERVICES REU?
ChartMill assigns a technical rating of 10 / 10 to NESR.
What is the current trend direction of NATIONAL ENERGY SERVICES REU (NESR) stock?
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 71.0275. This indicates that the stock is currently overbought.
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.
Can you provide the buy/sell signal for NATIONAL ENERGY SERVICES REU?
The buy/sell signal for NATIONAL ENERGY SERVICES REU (NESR) is buy as both the short term and long term trends are positive.