NINE ENERGY SERVICE INC (NINE) Stock Technical Analysis
NYSE:NINE - New York Stock Exchange, Inc. - US65441V1017 - Common Stock - Currency: USD
Overall NINE gets a technical rating of 4 out of 10. In the past year, NINE was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, NINE is a bad performer in the overall market: 81% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month NINE has a been trading in the 0.44 - 1.15 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
NINE has an average volume of 2997330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NINE is part of the Energy Equipment & Services industry. There are 63 other stocks in this industry, NINE did better than 45% of them.
NINE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NINE is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
NINE has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.13
1.49
When analyzing the resistance we notice one important area.
- Resistance @1.48 from a trend line in the weekly 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 | 19.34 | NEGATIVE | NINE has a low relative strength, it was outperformed by 80.66% 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 | MIXED | The current price of NINE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 75.73 | OVERBOUGHT | The high RSI value suggests NINE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests NINE has a positive trend. |
| Stochastics (14,3) | 68.57 | NEUTRAL | The Stochastics value for NINE is a neutral value. |
| Average True Range in percent/ATR (20) | 9.28 | HIGH VOLATILITY | The high ATR as a percentage value for NINE suggests high volalility. |
| Average Directional Index/ADX (14) | 31.96 | 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)
1.14
+0.38 (+49.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg49.2%
1 Week101.73%
2 Weeks133.7%
1 Month102.24%
3 Month-5%
6 Month14%
12 Month-20.28%
2 Year-70.23%
3 Year-56.98%
5 Year-41.54%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%9.28%
ATR Inc223.48%
Range Today0.38
ADR(20)0.1
ADR(20)%8.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.34
Mansfield-0.61
10 Day High1.15
10 Day Low0.48
20 Day High1.15
20 Day Low0.44
52 Week High2.02
52 Week Low0.44
CS1 EndN/A
CR1 Start1.48
Volume & EV
DER(3)3.49%
DER(5)2.44%
Volume25.99M
Volume Incr2764.42%
Vol(5)22.91M
Vol(50)3.00M