NINE ENERGY SERVICE INC (NINE) Stock Technical Analysis
USA - NYSE:NINE - US65441V1017 - Common Stock
0.7 USD
-0.02 (-2.37%)
0.6497 USD
-0.05 (-7.19%)
Overall NINE gets a technical rating of 5 out of 10. 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.
When comparing the yearly performance of all stocks, NINE is a bad performer in the overall market: 87% of all stocks are doing better.
NINE is part of the Energy Equipment & Services industry. There are 60 other stocks in this industry, of which 88% 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.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
NINE has an average volume of 1093190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month NINE has a been trading in the 0.53 - 0.86 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
NINE has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
0.55
0.81
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.65 to 0.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.56 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 0.71 to 0.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.74 from a horizontal line in the daily time frame.
- Resistance @0.80 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 | NEUTRAL | NEUTRAL | The long term trend for NINE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NINE is up. |
| ChartMill Relative Strength | 13.76 | NEGATIVE | NINE has a low relative strength, it was outperformed by 86.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NINE is above 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) | 57.3 | NEUTRAL | The RSI value for NINE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NINE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.41 | NEUTRAL | The Stochastics value for NINE is a neutral value. |
| Average True Range in percent/ATR (20) | 10.69 | HIGH VOLATILITY | The high ATR as a percentage value for NINE suggests high volalility. |
| Average Directional Index/ADX (14) | 25.57 | 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)
0.7
-0.02 (-2.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-2.37%
1 Week-0.17%
2 Weeks28.04%
1 Month10.51%
3 Month-2.18%
6 Month-21.66%
12 Month-31.37%
2 Year-80.11%
3 Year-88.05%
5 Year-34.58%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%10.69%
ATR Inc-8.03%
Range Today0.07
ADR(20)0.07
ADR(20)%10.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.76
3 months CRS24.09
6 months CRS9.92
Mansfield-3.33
10 Day High0.86
10 Day Low0.53
20 Day High0.86
20 Day Low0.53
52 Week High1.87
52 Week Low0.44
CS1 End0.66
CR1 Start0.71
Volume & EV
DER(3)-6.65%
DER(5)-6.41%
Volume1.64M
Volume Incr24.83%
Vol(5)1.84M
Vol(50)1.09M
NINE ENERGY SERVICE INC / NINE FAQ
Can you provide the ChartMill technical rating for NINE ENERGY SERVICE INC?
ChartMill assigns a technical rating of 5 / 10 to NINE.
Can you provide the trend direction for NINE ENERGY SERVICE INC?
The current trend direction for NINE ENERGY SERVICE INC (NINE) is Bearish.
What is the RSI signal for NINE ENERGY SERVICE INC (NINE) stock?
NINE ENERGY SERVICE INC (NINE) has an RSI value of 57.3018. This indicates that the stock is currently neutral.
What is the short term momentum for NINE stock?
The short term momentum for NINE ENERGY SERVICE INC (NINE) is positive.