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 1 out of 10 in our technical rating. NINE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
92% of all other stocks performed better in the past year than NINE.
NINE is one of the lesser performing stocks in the Energy Equipment & Services industry. 75% of 61 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 0.65 - 0.94 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
NINE has an average volume of 3987930 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.
The technical rating of NINE is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.66
1.14
We can see 4 important resistance areas.
- Resistance @0.83 from a trend line in the weekly time frame.
- Resistance @0.86 from a trend line in the weekly time frame.
- Resistance @1.04 from a trend line in the daily time frame.
- Resistance @1.13 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 | 8.24 | NEGATIVE | NINE has a low relative strength, it was outperformed by 91.76% 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) | UP | MIXED | The current price of NINE is below 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) | 39.48 | NEUTRAL | The RSI value for NINE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests NINE has a negative trend. |
| Stochastics (14,3) | 10.38 | OVERSOLD | The low Stochastics value suggests NINE may be oversold. |
| Average True Range in percent/ATR (20) | 8.05 | HIGH VOLATILITY | The high ATR as a percentage value for NINE suggests high volalility. |
| Average Directional Index/ADX (14) | 17.64 | NEGATIVE | The low ADX value for NINE suggests a weak or negative 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)
0.6717
-0.01 (-1.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-1.37%
1 Week-11.37%
2 Weeks-15.55%
1 Month-24.54%
3 Month-1%
6 Month-38.38%
12 Month-52.02%
2 Year-85.4%
3 Year-79.83%
5 Year-50.97%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%8.05%
ATR Inc3.24%
Range Today0.05
ADR(20)0.05
ADR(20)%7.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.24
Mansfield-4.04
10 Day High0.83
10 Day Low0.65
20 Day High0.94
20 Day Low0.65
52 Week High1.87
52 Week Low0.44
CS1 EndN/A
CR1 Start0.83
Volume & EV
DER(3)-2.1%
DER(5)-7.48%
Volume466.00K
Volume Incr-39.16%
Vol(5)576.20K
Vol(50)3.99M