NEWPARK RESOURCES INC (NR)       3.91  -0.1 (-2.49%)

3.91  -0.1 (-2.49%)

US6517185046 - Common Stock - After market: 3.91 0 (0%)

Technical Rating

1

We assign a technical rating of 1 out of 10 to NR. NR has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.



The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the yearly performance of all stocks, we notice that NR is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
NR is part of the Energy Equipment & Services industry. There are 92 other stocks in this industry, NR did better than 64% of them.
NR is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
NR is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

Statistics

1 Month 3 Months 6 Months 12 Months -15.18% -5.78% 55.16% 4.55% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 70.29 2.385 - 4.91
NR Weekly chart
NR Daily chart

Support/Resistance Analysis


2.66

4.94
When analyzing the support we can see 2 important areas.
  • A support zone ranging from 3.74 to 3.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @2.69 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
  • Resistance @4.02 from a horizontal line in the daily time frame.
  • Resistance @4.89 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

4

NR has a poor technical rating and the quality of the setup is also not perfect 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.


NR Daily chart

NEWPARK RESOURCES INC3.91

NYSE:NR (3/29/2023, 7:23:46 PM)-0.1 (-2.49%)

After market: 3.91 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
Today-2.49%
1 WeekN/A
2 Weeks-2.01%
1 Month-15.18%
3 Month-5.78%
6 Month55.16%
Volatility
ATR(14)0.25
ATR(20)%6.01%
ATR Inc-32.13%
Range Today0.18
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.29
Mansfield0.45
10 Day High4.11
10 Day Low3.65
20 Day High4.88
20 Day Low3.65
52 Week High4.91
52 Week Low2.38
CS1 End3.79
CR1 Start4.02
Volume & EV
DER(3)0.58%
DER(5)2.31%
Volume488.60K
Volume Incr8.73%
Vol(5)818.38K
Vol(50)695.80K

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