NINE ENERGY SERVICE INC (NINE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NINE - US65441V1017 - Common Stock
Taking everything into account, NINE scores 3 out of 10 in our technical rating. 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.
- 93% 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. 95% of 62 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.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- 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 2231570 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 0.31 - 0.67 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
0.47
When analyzing the resistance we notice one important area.
- Resistance @0.60 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 | 7.94 | NEGATIVE | NINE has a low relative strength, it was outperformed by 92.06% 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) | DOWN | MIXED | The current price of NINE is above 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) | 56 | 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) | 54.27 | NEUTRAL | The Stochastics value for NINE is a neutral value. |
| Average True Range in percent/ATR (20) | 12.04 | HIGH VOLATILITY | The high ATR as a percentage value for NINE suggests high volalility. |
| Average Directional Index/ADX (14) | 23.73 | NEUTRAL | The ADX value for NINE suggests a possible start of a new trend. |
0.47
-0.03 (-6.34%)
NINE ENERGY SERVICE INC / NINE FAQ
Can you provide the ChartMill technical rating for NINE ENERGY SERVICE INC?
ChartMill assigns a technical rating of 3 / 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 56.0033. 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 positive.
What are the support and resistance levels for NINE ENERGY SERVICE INC (NINE) stock?
NINE ENERGY SERVICE INC (NINE) has a resistance level at 0.6. Check the full technical report for our detailed analysis of NINE support and resistance levels.