NABORS ENERGY TRANSITI-CW (NETDW) Stock Technical Analysis
NASDAQ:NETDW - Nasdaq - - Currency: USD
Taking everything into account, NETDW scores 9 out of 10 in our technical rating. 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!
When comparing the yearly performance of all stocks, we notice that NETDW is one of the better performing stocks in the market, outperforming 98% of all stocks.
NETDW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NETDW is lagging the market.
In the last month NETDW has a been trading in the 0.38 - 0.67 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, NETDW also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
0.43
0.51
We found 3 important support areas.
- Support @0.49 from a trend line in the weekly time frame.
- A support zone ranging from 0.46 to 0.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.43 to 0.43. 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 NETDW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NETDW is neutral. |
| ChartMill Relative Strength | 98.77 | POSITIVE | NETDW has a high relative strength, it outperformed 98.77% 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) | 54.45 | 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) | 26.89 | NEUTRAL | The Stochastics value for NETDW is a neutral value. |
| Average True Range in percent/ATR (20) | 12.28 | HIGH VOLATILITY | The high ATR as a percentage value for NETDW suggests high volalility. |
| Average Directional Index/ADX (14) | 27.49 | 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 |
|---|---|---|---|
| 0.55 | 0.48 | 0.07 (12.25%) | 8.16% |
| An entry @0.55. This is a Buy Stop order right above the 10 day high. | An exit @0.48. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.07 points, which is 12.25%. | When investing 8.16% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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 (7/3/2025, 7:53:45 PM)
0.5
+0.02 (+4.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg4.19%
1 Week6.38%
2 Weeks-6.72%
1 Month19.08%
3 Month17.92%
6 Month233.33%
12 Month400.5%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%12.28%
ATR Inc-44.78%
Range Today0.07
ADR(20)0.06
ADR(20)%11.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.77
Mansfield8.13
10 Day High0.54
10 Day Low0.42
20 Day High0.67
20 Day Low0.38
52 Week High0.74
52 Week Low0.05
CS1 End0.49
CR1 StartN/A
Volume & EV
DER(3)0.39%
DER(5)-0.08%
Volume34.20K
Volume Incr-85.03%
Vol(5)9.12K
Vol(50)42.26K