Technical Analysis for BAS - Basic Energy Services, Inc.

Grade Last Price % Change Price Change
grade F 0.435 -5.23% -0.02
BAS closed down 5.23 percent on Monday, December 2, 2019, on 53 percent of normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down
Historical BAS trend table...

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
1,2,3 Retracement Bearish Bearish Swing Setup 0.00%
180 Bearish Setup Bearish Swing Setup 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
New 52 Week Low Weakness 0.00%
Outside Day Range Expansion 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
1,2,3 Retracement Bearish Bearish Swing Setup -5.23%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -5.23%

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Profile

Basic Energy Services, Inc. provides various well site services to oil and natural gas drilling and producing companies in the United States. Its Completion and Remedial Services segment provides pumping services, such as cementing, acidizing, fracturing, coiled tubing, nitrogen, and pressure testing; rental and fishing tools; snubbing services; thru-tubing; cased-hole wireline services; and underbalanced drilling in low pressure and fluid sensitive reservoirs. This segment operates 228 pressure pumping units. It also operates 14 coiled tubing units; 49 air compressor packages; 12 wireline units; and 34 snubbing units. The company's Fluid Services segment offers oilfield fluid supply, transportation, storage, and construction services, which comprise the transportation of fluids and salt water; sale and transportation of fresh and brine water; rental of portable frac tanks and test tanks; operation of company-owned fresh water and brine source wells and non-hazardous wastewater disposal wells; and preparation, construction, and maintenance of access roads, drilling locations, and production facilities. This segment owns and operates 955 fluid services trucks with a fluid hauling capacity of up to 150 barrels apiece. Its Well Servicing segment provides various services performed with a mobile well servicing rig and ancillary equipment, such as maintenance work, hoisting tools and equipment required by the operation, and plugging and abandonment services, as well as manufactures and sells workover rigs. It operates a fleet of 425 well servicing rigs. The company's Contract Drilling segment employs drilling rigs and related equipment to penetrate the earth to a desired depth and initiate production. This segment owns and operates 12 land drilling rigs. The company was formerly known as Sierra Well Service, Inc. and changed its name to Basic Energy Services, Inc. in 2000. Basic Energy Services, Inc. was founded in 1992 and is based in Fort Worth, Texas.
Transportation Technology Oil Petroleum Industry Petroleum Production Oil Wells Fracturing Construction Services Precision Drilling Drilling Rig Geotechnical Engineering Completion Coiled Tubing Wireline Site Services Abandonment Services Snubbing Ancillary Equipment Natural Gas Drilling

Is BAS a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 6.84
52 Week Low 0.4245
Average Volume 573,783
200-Day Moving Average 2.18
50-Day Moving Average 0.83
20-Day Moving Average 0.54
10-Day Moving Average 0.46
Average True Range 0.07
ADX 34.73
+DI 10.28
-DI 25.08
Chandelier Exit (Long, 3 ATRs ) 0.56
Chandelier Exit (Short, 3 ATRs ) 0.63
Upper Bollinger Band 0.73
Lower Bollinger Band 0.36
Percent B (%b) 0.21
BandWidth 68.20
MACD Line -0.11
MACD Signal Line -0.12
MACD Histogram 0.0126
Fundamentals Value
Market Cap 10.73 Million
Num Shares 24.7 Million
EPS -0.38
Price-to-Earnings (P/E) Ratio -1.14
Price-to-Sales 0.59
Price-to-Book 1.13
PEG Ratio 0.21
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.51
Resistance 3 (R3) 0.52 0.50 0.50
Resistance 2 (R2) 0.50 0.48 0.49 0.49
Resistance 1 (R1) 0.47 0.46 0.46 0.46 0.49
Pivot Point 0.44 0.44 0.44 0.44 0.44
Support 1 (S1) 0.41 0.43 0.40 0.41 0.38
Support 2 (S2) 0.39 0.41 0.39 0.38
Support 3 (S3) 0.36 0.39 0.37
Support 4 (S4) 0.36