Overall NETD gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NETD is only an average performer.
Although NETD 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.
More info and screens
10.28
We found 3 important support areas.
- A support zone ranging from 11.29 to 11.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.02 to 11.08. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 10.38 to 10.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.59 to 11.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 NETD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NETD is up. |
| ChartMill Relative Strength | 61.3 | NEUTRAL | NETD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NETD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NETD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NETD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.62 | NEUTRAL | The RSI value for NETD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NETD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56.3 | NEUTRAL | The Stochastics value for NETD is a neutral value. |
| Average True Range in percent/ATR (20) | 0.67 | LOW VOLATILITY | The low ATR as a percentage value for NETD suggests low volalility. |
| Average Directional Index/ADX (14) | 34.21 | POSITIVE | The high ADX value value for NETD suggests a strong trend. |
11.52
-0.04 (-0.35%)
NABORS ENERGY TRANSITION C-A / NETD FAQ
Can you provide the ChartMill technical rating for NABORS ENERGY TRANSITION C-A?
ChartMill assigns a technical rating of 7 / 10 to NETD.
What is the current trend direction of NABORS ENERGY TRANSITION C-A (NETD) stock?
The current trend direction for NABORS ENERGY TRANSITION C-A (NETD) is Bullish.
What is the RSI signal for NABORS ENERGY TRANSITION C-A (NETD) stock?
NABORS ENERGY TRANSITION C-A (NETD) has an RSI value of 60.6193. This indicates that the stock is currently neutral.
What is the short term momentum for NABORS ENERGY TRANSITION C-A (NETD) stock?
The short term momentum for NABORS ENERGY TRANSITION C-A (NETD) is positive.
Can you provide the buy/sell signal for NABORS ENERGY TRANSITION C-A?
The buy/sell signal for NABORS ENERGY TRANSITION C-A (NETD) is buy as both the short term and long term trends are positive.