NATIONAL ENERGY SERVICES REU (NESR) Stock Technical Analysis
NASDAQ:NESR - Nasdaq - VGG6375R1073 - Common Stock - Currency: USD
Overall NESR gets a technical rating of 0 out of 10. NESR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
100% of all other stocks performed better in the past year than NESR.
NESR is one of the lesser performing stocks in the Energy Equipment & Services industry. 88% of 63 stocks in the same industry do better.
In the last month NESR has a been trading in the 5.47 - 6.80 range, which is quite wide. It is currently trading near the lows of this range.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, NESR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 6.22. Right above this resistance zone may be a good entry point. 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
6.74
2 important support areas can be observed.
- Support @5.84 from a horizontal line in the weekly time frame.
- Support @5.48 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 6.22 to 6.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 6.47 to 6.55. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @6.67 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 | NEUTRAL | NEUTRAL | The long term trend for NESR is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NESR is down. |
| 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) | DOWN | NEGATIVE | The current price of NESR is below a declining 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) | 42.96 | NEUTRAL | The RSI value for NESR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests NESR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.63 | OVERSOLD | The low Stochastics value suggests NESR may be oversold. |
| Average True Range in percent/ATR (20) | 6.92 | HIGH VOLATILITY | The high ATR as a percentage value for NESR suggests high volalility. |
| Average Directional Index/ADX (14) | 18.5 | 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)
5.85
+0.31 (+5.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg5.6%
1 Week-5.34%
2 Weeks-5.8%
1 Month-5.95%
3 Month-26.14%
6 Month-34.34%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%6.92%
ATR Inc-23.13%
Range Today0.33
ADR(20)0.37
ADR(20)%6.39%
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 High6.64
10 Day Low5.47
20 Day High6.8
20 Day Low5.47
52 Week HighN/A
52 Week LowN/A
CS1 End5.84
CR1 Start6.22
Volume & EV
DER(3)3.24%
DER(5)2.38%
Volume581.40K
Volume Incr143.16%
Vol(5)806.80K
Vol(50)391.21K