NINE ENERGY SERVICE INC (NINE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NINE - US65441V1017 - Common Stock
We assign a technical rating of 0 out of 10 to NINE. 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.
Although the technical rating is bad, NINE does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for NINE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.35
When analyzing the support we notice one important area.
- Support @0.35 from a trend line in the daily time frame.
We can see 4 important resistance areas.
- Resistance @0.43 from a horizontal line in the daily time frame.
- Resistance @0.49 from a trend line in the daily time frame.
- Resistance @0.62 from a trend line in the daily time frame.
- Resistance @0.71 from a horizontal 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 | 5.44 | NEGATIVE | NINE has a low relative strength, it was outperformed by 94.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NINE is above 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) | 50.88 | NEUTRAL | The RSI value for NINE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NINE has a positive trend. |
| Stochastics (14,3) | 67.16 | NEUTRAL | The Stochastics value for NINE is a neutral value. |
| Average True Range in percent/ATR (20) | 11.42 | HIGH VOLATILITY | The high ATR as a percentage value for NINE suggests high volalility. |
| Average Directional Index/ADX (14) | 15.96 | NEGATIVE | The low ADX value for NINE suggests a weak or negative trend. |
0.3971
-0.02 (-4.91%)
NINE ENERGY SERVICE INC / NINE FAQ
Can you provide the ChartMill technical rating for NINE ENERGY SERVICE INC?
ChartMill assigns a technical rating of 0 / 10 to NINE.
What is the current trend direction of NINE ENERGY SERVICE INC (NINE) stock?
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 50.8817. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NINE ENERGY SERVICE INC?
The short term momentum for NINE ENERGY SERVICE INC (NINE) is neutral.
What are the support and resistance levels for NINE ENERGY SERVICE INC (NINE) stock?
NINE ENERGY SERVICE INC (NINE) has a support level at 0.35 and a resistance level at 0.43. Check the full technical report for our detailed analysis of NINE support and resistance levels.