NATIONAL ENERGY SERVICES REU (NESR) Technical Analysis
NASDAQ:NESR • VGG6375R1073
Current stock price
NESR Technical Rating and Analysis
Overall NESR gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NESR is showing a nice and steady performance.
- 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 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 91% of 62 stocks in the same industry.
- NESR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NESR is lagging the market slightly.
- In the last month NESR has a been trading in the 20.57 - 25.30 range, which is quite wide. It is currently trading near the high of this range.
- NESR has an average volume of 2271400 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 and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 24.05. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- 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
NESR Support and Resistance Analysis
19.11
We found 3 important support areas.
- A support zone ranging from 21.46 to 21.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.81 to 21.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.30 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.05 to 24.12. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for NESR is up. |
| ChartMill Relative Strength | 97.54 | POSITIVE | NESR has a high relative strength, it outperformed 97.54% 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) | 57.03 | NEUTRAL | The RSI value for NESR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests NESR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.23 | NEUTRAL | The Stochastics value for NESR is a neutral value. |
| Average True Range in percent/ATR (20) | 5.18 | HIGH VOLATILITY | The high ATR as a percentage value for NESR suggests high volalility. |
| Average Directional Index/ADX (14) | 21.94 | NEUTRAL | The ADX value for NESR suggests a possible start of a new trend. |
NESR Chart- and CandleStick Pattern Analysis
NESR Example Setup
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 |
|---|---|---|---|
| 24.13 | 22.64 | 1.49 (6.17%) | 16.19% |
| An entry @24.13. This is a Buy Stop order right above the resistance zone. | An exit @22.64. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.49 points, which is 6.17%. | For a 1.00% total portfolio risk, you can invest 16.19% 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.
NESR Technicals: Chart, Performance Metrics, Trend & Indicators
23.71
-0.16 (-0.67%)
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 10 / 10 to NESR.
What is the trend direction for NESR stock?
The current trend direction for NATIONAL ENERGY SERVICES REU (NESR) is Bullish.
What is the RSI signal for NESR stock?
NATIONAL ENERGY SERVICES REU (NESR) has an RSI value of 57.0293. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NATIONAL ENERGY SERVICES REU?
The short term momentum for NATIONAL ENERGY SERVICES REU (NESR) is positive.
What is the buy/sell signal for NATIONAL ENERGY SERVICES REU (NESR) stock?
The buy/sell signal for NATIONAL ENERGY SERVICES REU (NESR) is buy as both the short term and long term trends are positive.