NEWPARK RESOURCES INC (NR)

US6517185046 - Common Stock

7.19  +0.03 (+0.42%)

After market: 7.19 0 (0%)

Technical Rating and Analysis

10

Taking everything into account, NR scores 10 out of 10 in our technical rating. NR has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.

The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that NR is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by NR over the past year are nicely spread over this period.
NR is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 86% of 66 stocks in the same industry.
NR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NR is lagging the market slightly.
NR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Weekly and Daily overview Charts
NR Weekly chart
NR Daily chart
Setup Rating and Analysis

6

NR has an excellent technical rating and 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. Another positive sign is the recent Pocket Pivot signal.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

5.96

7.60

When analyzing the support we can see 4 important areas.

  • A support zone ranging from 7.15 to 7.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 6.46 to 6.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 6.18 to 6.25. 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 7.29 to 7.52. This zone is formed by a combination of multiple trend lines and important moving averages 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
CRS92.66
Mansfield0.64
10 Day High7.54
10 Day Low6.95
20 Day High7.54
20 Day Low6.25
52 Week High7.63
52 Week Low3.4
Performance
1 Week-3.88%
2 Weeks3.16%
1 Month15.97%
3 Month8.28%
6 Month4.05%
12 Month86.75%
2 Year96.45%
3 Year128.98%
5 Year-21.51%
10 Year-37.21%
15 Year184.19%
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
RSI(14)60.58
LBB6.75
UBB7.61
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
7.307.140.15 (2.12%)25.00%
An entry @7.29. This is a Buy Stop order right above the 10 day moving average.An exit @7.14. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 0.15 points, which is 2.12%.For a 0.53% 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 (3/27/2024, 8:04:00 PM)

After market: 7.19 0 (0%)

7.19

+0.03 (+0.42%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg0.42%
1 Week-3.88%
2 Weeks3.16%
1 Month15.97%
3 Month8.28%
6 Month4.05%
12 Month86.75%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.21
ATR(20)%2.97%
ATR Inc
Range Today0.17
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 High7.54
10 Day Low6.95
20 Day High7.54
20 Day Low6.25
52 Week High7.63
52 Week Low3.4
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume632.50K
Volume Incr-21.96%
Vol(5)551.56K
Vol(50)672.53K