NexTier Oilfield Solutions Inc (NEX)
US65290C1053 - Common Stock
Taking everything into account, NEX scores 6 out of 10 in our technical rating. 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.
In the last month NEX has a been trading in the 10.38 - 11.96 range, which is quite wide. It is currently trading near the lows of this range.
NEX is part of the Energy Equipment & Services industry. There are 65 other stocks in this industry. NEX outperforms 78% of them.
NEX 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 NEX is lagging the market slightly.
NEX has an average volume of 2563970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When comparing the yearly performance of all stocks, we notice that NEX is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, NEX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 10.54, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NEX in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
7.59
12.05
3 important support areas can be observed.
- A support zone ranging from 10.50 to 10.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.39 from a trend line in the weekly time frame.
- Support @7.67 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @11.61 from a horizontal line in the weekly time frame.
- Resistance @11.93 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.89
Mansfield0.4
10 Day High11.24
10 Day Low10.38
20 Day High11.96
20 Day Low10.38
52 Week High11.99
52 Week Low6.66
Performance
1 Week-0.09%
2 Weeks-2.84%
1 Month-10.69%
3 Month26.31%
6 Month5.47%
12 Month11.33%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.1
RSI(14)43.89
LBB10.34
UBB11.24
NexTier Oilfield Solutions Inc
NYSE:NEX (8/31/2023, 7:09:30 PM)
Premarket: 10.69 +0.08 (+0.75%)10.61
+0.1 (+0.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg0.95%
1 Week-0.09%
2 Weeks-2.84%
1 Month-10.69%
3 Month26.31%
6 Month5.47%
12 Month11.33%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.35
ATR(20)%3.58%
ATR Inc
Range Today0.4
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High11.24
10 Day Low10.38
20 Day High11.96
20 Day Low10.38
52 Week High11.99
52 Week Low6.66
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume16.98M
Volume Incr188.08%
Vol(5)5.07M
Vol(50)2.56M