NINE ENERGY SERVICE INC (NINE) Stock Technical Analysis
NYSE:NINE - New York Stock Exchange, Inc. - US65441V1017 - Common Stock - Currency: USD
Taking everything into account, NINE scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. NINE was also a bad performer in the overall market in the last year.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, NINE is a bad performer in the overall market: 92% of all stocks are doing better.
NINE is one of the lesser performing stocks in the Energy Equipment & Services industry. 75% of 62 stocks in the same industry do better.
NINE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month NINE has a been trading in the 0.69 - 1.55 range, which is quite wide. It is currently trading near the lows of this range.
NINE has an average volume of 4101140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
NINE has a poor technical rating and the quality of the setup is also only medium at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
0.78
1.16
When analyzing the support we notice one important area.
- Support @0.79 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 0.90 to 0.91. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 0.93 to 0.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.10 from a trend line in the daily time frame.
- Resistance @1.15 from a trend 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 | DOWN | NEGATIVE | The long term trend for NINE is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NINE is neutral. |
| ChartMill Relative Strength | 8.12 | NEGATIVE | NINE has a low relative strength, it was outperformed by 91.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NINE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NINE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NINE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.97 | NEUTRAL | The RSI value for NINE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NINE has a negative trend. |
| Stochastics (14,3) | 32.66 | NEUTRAL | The Stochastics value for NINE is a neutral value. |
| Average True Range in percent/ATR (20) | 18.47 | HIGH VOLATILITY | The high ATR as a percentage value for NINE suggests high volalility. |
| Average Directional Index/ADX (14) | 29.4 | POSITIVE | The high ADX value value for NINE 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)
0.8295
+0.03 (+3.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg3.96%
1 Week-6.82%
2 Weeks-4.21%
1 Month8.56%
3 Month4.76%
6 Month-29.7%
12 Month-50.62%
2 Year-83.51%
3 Year-69.73%
5 Year-55.4%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%18.47%
ATR Inc-59.42%
Range Today0.05
ADR(20)0.14
ADR(20)%16.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.12
Mansfield-3.04
10 Day High1.05
10 Day Low0.75
20 Day High1.55
20 Day Low0.69
52 Week High2.02
52 Week Low0.44
CS1 End0.79
CR1 Start0.9
Volume & EV
DER(3)-3.75%
DER(5)-0.26%
Volume869.00K
Volume Incr-91.78%
Vol(5)733.04K
Vol(50)4.10M