NEWPARK RESOURCES INC (NR)

US6517185046 - Common Stock

7.3  -0.09 (-1.22%)

After market: 7.3 0 (0%)

Technical Rating and Analysis

9

We assign a technical rating of 9 out of 10 to NR. In the last year, NR was one of the better performers, but we do observe some doubts in the very recent evolution.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, NR did better than 94% of all other stocks. We also observe that the gains produced by NR over the past year are nicely spread over this period.
NR is part of the Energy Equipment & Services industry. There are 65 other stocks in this industry. NR outperforms 85% of them.
NR is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NR is performing more or less in line with the market.
In the last month NR has a been trading in the 7.07 - 7.84 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
NR Weekly chart
NR Daily chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, NR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 7.70. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.29, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

5.96

7.78

When analyzing the support we can see 4 important areas.

  • A support zone ranging from 7.27 to 7.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @6.69 from a trend line in the weekly time frame.
  • A support zone ranging from 6.29 to 6.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @6.02 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 7.70 to 7.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.4
Mansfield0.97
10 Day High7.84
10 Day Low7.22
20 Day High7.84
20 Day Low7.07
52 Week High7.84
52 Week Low3.4
Performance
1 Week-2.8%
2 Weeks-3.31%
1 Month-0.82%
3 Month10.94%
6 Month4.29%
12 Month82.5%
2 Year109.17%
3 Year157.04%
5 Year0%
10 Year-39.37%
15 Year160.71%
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)
Technical Indicators
MACD(12,26,9)-0.06
RSI(14)50
LBB7.23
UBB7.75
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
7.467.260.20 (2.62%)25.00%
An entry @7.46. This is a Buy Stop order right above the 10 day moving average.An exit @7.26. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 0.20 points, which is 2.62%.For a 0.65% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • The distance between exit and entry is rather small compared to the average daily movement of NR. Please evaluate whether better entry and exit points can be found.
  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NR Daily chart

NEWPARK RESOURCES INC

NYSE:NR (4/22/2024, 5:40:00 PM)

After market: 7.3 0 (0%)

7.3

-0.09 (-1.22%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-1.22%
1 Week-2.8%
2 Weeks-3.31%
1 Month-0.82%
3 Month10.94%
6 Month4.29%
12 Month82.5%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.22
ATR(20)%3%
ATR Inc
Range Today0.22
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High7.84
10 Day Low7.22
20 Day High7.84
20 Day Low7.07
52 Week High7.84
52 Week Low3.4
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume371.95K
Volume Incr-13.68%
Vol(5)495.03K
Vol(50)623.26K