NINE ENERGY SERVICE INC (NINE) Stock Technical Analysis
USA - NYSE:NINE - US65441V1017 - Common Stock
0.5669 USD
-0.01 (-1.73%)
0.5728 USD
+0.01 (+1.04%)
Overall NINE gets a technical rating of 0 out of 10. NINE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
94% of all other stocks performed better in the past year than NINE.
NINE is part of the Energy Equipment & Services industry. There are 61 other stocks in this industry, of which 86% are performing better than NINE.
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 0.53 - 0.72 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NINE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 0.55, a Stop Loss order could be placed below this zone.
More info and screens
0.53
0.84
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.55 to 0.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.54 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 0.62 to 0.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 0.63 to 0.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.71 from a trend line in the weekly time frame.
- Resistance @0.83 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 | DOWN | NEGATIVE | The short term trend for NINE is down. |
| ChartMill Relative Strength | 6.63 | NEGATIVE | NINE has a low relative strength, it was outperformed by 93.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NINE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NINE is below a declining 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) | 40.08 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 26.09 | NEUTRAL | The Stochastics value for NINE is a neutral value. |
| Average True Range in percent/ATR (20) | 8.89 | HIGH VOLATILITY | The high ATR as a percentage value for NINE suggests high volalility. |
| Average Directional Index/ADX (14) | 23.08 | NEUTRAL | The ADX value for NINE suggests a possible start of a new 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)
0.5669
-0.01 (-1.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-1.73%
1 Week-9.11%
2 Weeks-10.67%
1 Month-11.41%
3 Month-26.76%
6 Month-30.87%
12 Month-39.17%
2 Year-83.89%
3 Year-90.33%
5 Year-47.02%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%8.89%
ATR Inc-6.21%
Range Today0.05
ADR(20)0.05
ADR(20)%8.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.63
Mansfield-4.57
10 Day High0.65
10 Day Low0.53
20 Day High0.72
20 Day Low0.53
52 Week High1.87
52 Week Low0.44
CS1 End0.55
CR1 Start0.62
Volume & EV
DER(3)2.69%
DER(5)-2.24%
Volume699.70K
Volume Incr19.19%
Vol(5)826.54K
Vol(50)662.69K