NABORS ENERGY TRANSITI-CW (NETDW) Stock Technical Analysis
NASDAQ:NETDW - Nasdaq - - Currency: USD
We assign a technical rating of 9 out of 10 to NETDW. Both in the recent history as in the last year, NETDW has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, NETDW did better than 99% of all other stocks.
NETDW is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NETDW is lagging the market slightly.
In the last month NETDW has a been trading in the 0.37 - 0.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NETDW has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for NETDW 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
0.35
0.51
4 important support areas can be observed.
- Support @0.46 from a horizontal line in the daily time frame.
- Support @0.45 from a trend line in the daily time frame.
- Support @0.39 from a trend line in the daily time frame.
- Support @0.35 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 NETDW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NETDW is neutral. |
| ChartMill Relative Strength | 99.11 | POSITIVE | NETDW has a high relative strength, it outperformed 99.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NETDW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NETDW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NETDW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.52 | NEUTRAL | The RSI value for NETDW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests NETDW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.98 | NEUTRAL | The Stochastics value for NETDW is a neutral value. |
| Average True Range in percent/ATR (20) | 14.73 | HIGH VOLATILITY | The high ATR as a percentage value for NETDW suggests high volalility. |
| Average Directional Index/ADX (14) | 33.64 | POSITIVE | The high ADX value value for NETDW suggests a strong 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)
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 |
|---|---|---|---|
| 0.54 | 0.45 | 0.09 (16.96%) | 5.90% |
| An entry @0.54. This is a Buy Stop order right above the 10 day high. | An exit @0.45. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.09 points, which is 16.96%. | For a 1.00% total portfolio risk, you can invest 5.90% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NETDW. 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.
NASDAQ:NETDW (5/23/2025, 8:40:25 PM)
0.5
+0 (+0.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.83%
1 Week8.3%
2 Weeks4.17%
1 Month31.23%
3 Month42.86%
6 Month381.23%
12 Month304.86%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%14.73%
ATR Inc-6.43%
Range Today0.09
ADR(20)0.07
ADR(20)%14.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.11
Mansfield13
10 Day High0.53
10 Day Low0.41
20 Day High0.6
20 Day Low0.37
52 Week High0.74
52 Week Low0.05
CS1 End0.46
CR1 StartN/A
Volume & EV
DER(3)32.45%
DER(5)21.08%
Volume33.20K
Volume Incr34.99%
Vol(5)53.84K
Vol(50)62.58K