NATIONAL ENERGY SERVICES REU (NESR) Technical Analysis
NASDAQ:NESR • VGG6375R1073
Current stock price
21.51 USD
+0.08 (+0.37%)
At close:
21.5 USD
-0.01 (-0.05%)
After Hours:
NESR Technical Rating and Analysis
Overall NESR gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that NESR is one of the better performing stocks in the market, outperforming 97% of all stocks. We also observe that the gains produced by NESR over the past year are nicely spread over this period.
- NESR is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 93% of 60 stocks in the same industry.
- NESR is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NESR is performing more or less in line with the market.
- In the last month NESR has a been trading in the 18.46 - 25.20 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- NESR has an average volume of 2022820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NESR Weekly and Daily overview Charts
NESR Setup Rating and Analysis
NESR has an excellent technical rating, but the quality of the setup is only medium 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.
More info and screens
NESR Support and Resistance Analysis
18.95
22.57
We found 3 important support areas.
- A support zone ranging from 21.30 to 21.49. 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 19.92 to 20.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.14 to 19.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @22.35 from a horizontal line in the daily time frame.
NESR 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 is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NESR is neutral. |
| ChartMill Relative Strength | 97.68 | POSITIVE | NESR has a high relative strength, it outperformed 97.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NESR is above a declining 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) | 50.07 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 76.49 | NEUTRAL | The Stochastics value for NESR is a neutral value. |
| Average True Range in percent/ATR (20) | 5.49 | HIGH VOLATILITY | The high ATR as a percentage value for NESR suggests high volalility. |
| Average Directional Index/ADX (14) | 20.61 | NEUTRAL | The ADX value for NESR suggests a possible start of a new trend. |
NESR Chart- and CandleStick Pattern Analysis
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)
NESR Technicals: Chart, Performance Metrics, Trend & Indicators
21.51
+0.08 (+0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg0.37%
1 Week4.22%
2 Weeks12.38%
1 Month-14.13%
3 Month42.54%
6 Month104.27%
12 Month183.03%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.1
ATR(20)%5.49%
ATR Inc-5.78%
Range Today0.72
ADR(20)1.11
ADR(20)%5.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.68
3 months CRS96.44
6 months CRS98.4
Mansfield8.69
10 Day High22.78
10 Day Low19.46
20 Day High25.2
20 Day Low18.46
52 Week High26.85
52 Week Low5.2
CS1 End21.49
CR1 Start22.35
Volume & EV
DER(3)4.29%
DER(5)3.19%
Volume2.22M
Volume Incr-6.59%
Vol(5)2.32M
Vol(50)2.02M
NATIONAL ENERGY SERVICES REU / NESR TA FAQ
Can you provide the ChartMill technical rating for NATIONAL ENERGY SERVICES REU?
ChartMill assigns a technical rating of 9 / 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 50.0691. 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 neutral.