NABORS INDUSTRIES LTD (NBR) Stock Technical Analysis
NYSE:NBR - New York Stock Exchange, Inc. - BMG6359F1370 - Common Stock - Currency: USD
Taking everything into account, NBR scores 0 out of 10 in our technical rating. NBR 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.
When comparing the yearly performance of all stocks, NBR is a bad performer in the overall market: 95% of all stocks are doing better.
NBR is part of the Energy Equipment & Services industry. There are 59 other stocks in this industry, of which 93% are performing better than NBR.
NBR is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so NBR is lagging the market.
In the last month NBR has a been trading in the 38.37 - 60.47 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.
The technical rating of NBR 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
39.79
86.99
When analyzing the resistance we notice 4 important areas.
- Resistance @57.76 from a trend line in the weekly time frame.
- A resistance zone ranging from 59.98 to 60.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @64.06 from a trend line in the daily time frame.
- Resistance @86.13 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.71
Mansfield-4.75
10 Day High51.71
10 Day Low38.37
20 Day High60.47
20 Day Low38.37
52 Week High105.96
52 Week Low38.37
Performance
1 Week-7.03%
2 Weeks-19.12%
1 Month-30.99%
3 Month-45.27%
6 Month-46.68%
12 Month-50.77%
2 Year-73.26%
3 Year-67.99%
5 Year-54.33%
10 Year-93.73%
15 Year-96.35%
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)-0.74
RSI(14)26.18
LBB35.9
UBB56.48
40.19
+0.39 (+0.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg0.98%
1 Week-7.03%
2 Weeks-19.12%
1 Month-30.99%
3 Month-45.27%
6 Month-46.68%
12 Month-50.77%
2 Year-73.26%
3 Year-67.99%
5 Year-54.33%
10 Year-93.73%
15 Year-96.35%
Volatility
ATR(14)3.31
ATR(20)%8.42%
ATR Inc-42.87%
Range Today1.83
ADR(20)3.23
ADR(20)%8.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.71
Mansfield-4.75
10 Day High51.71
10 Day Low38.37
20 Day High60.47
20 Day Low38.37
52 Week High105.96
52 Week Low38.37
CS1 EndN/A
CR1 Start57.76
Volume & EV
DER(3)3.74%
DER(5)4.82%
Volume338.90K
Volume Incr-7.03%
Vol(5)327.68K
Vol(50)335.11K