Technical Analysis for NBR - Nabors Industries Ltd.

Grade Last Price % Change Price Change
D 75.18 3.64% 2.64
NBR closed down 0.41 percent on Wednesday, November 20, 2024, on 77 percent of normal volume. It ran into resistance at its 50 day moving average. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Down

Date Alert Name Type % Chg
50 DMA Resistance Bearish 3.64%
MACD Bearish Centerline Cross Bearish 3.64%
Stochastic Buy Signal Bullish 3.64%
Oversold Stochastic Weakness 3.64%
50 DMA Resistance Bearish 3.21%
Gapped Down Weakness 3.21%
Oversold Stochastic Weakness 3.21%
50 DMA Resistance Bearish 3.68%
NR7 Range Contraction 3.68%
Stochastic Reached Oversold Weakness 3.68%

   Recent Intraday Alerts

Alert Time
20 DMA Resistance about 1 hour ago
10 DMA Resistance about 1 hour ago
Up 5% about 1 hour ago
Rose Above 10 DMA about 1 hour ago
2x Volume Pace about 1 hour ago

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Profile

Nabors Industries Ltd. Description

Nabors Industries Ltd., together with its subsidiaries, operates as a land drilling contractor in the United States, Canada, and internationally. The company markets approximately 474 land drilling rigs for oil and gas land drilling operations in the United States Lower 48 states, Alaska, Canada, and 20 other countries worldwide. It also markets approximately 442 rigs for land well-servicing and workover work in the United States and approximately 106 rigs for land well-servicing and workover work in Canada. In addition, the company provides offshore platform workover and drilling rigs, including 36 platform, 12 jackup, and 4 barge rigs in the United States, including the Gulf of Mexico and multiple international markets. Further, it offers a range of hydraulic fracturing, cementing, nitrogen, and acid pressure pumping services; and ancillary well-site services, such as engineering, transportation and disposal, construction, maintenance, well logging, directional drilling, rig instrumentation, data collection, and other support services. Additionally, the company manufactures, leases, or sells top drives for a range of drilling applications, directional drilling systems, rig instrumentation and data collection equipment, pipeline handling equipment, and rig reporting software. Its fleet also comprises various trucks and fluid hauling vehicles. The company was founded in 1968 and is headquartered in Hamilton, Bermuda.


Classification

Sector: Energy
Industry: Oil & Gas Drilling
Keywords: Petroleum Industry Acid Petroleum Production Oil Wells Barge Drilling Rig Data Collection Offshore Engineering Precision Drilling Fracturing Oil Platform Geotechnical Engineering Hydraulic Fracturing Petroleum Engineering Workover Directional Drilling Pumping Services Pressure Pumping Services Data Collection Equipment

Is NBR 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 105.96
52 Week Low 59.665
Average Volume 377,111
200-Day Moving Average 77.13
50-Day Moving Average 73.18
20-Day Moving Average 76.12
10-Day Moving Average 76.85
Average True Range 4.56
RSI (14) 44.75
ADX 12.65
+DI 19.80
-DI 23.53
Chandelier Exit (Long, 3 ATRs) 72.41
Chandelier Exit (Short, 3 ATRs) 81.55
Upper Bollinger Bands 84.29
Lower Bollinger Band 67.95
Percent B (%b) 0.28
BandWidth 21.46
MACD Line -0.14
MACD Signal Line 0.77
MACD Histogram -0.9085
Fundamentals Value
Market Cap 686.6 Million
Num Shares 9.47 Million
EPS -5.49
Price-to-Earnings (P/E) Ratio -13.21
Price-to-Sales 0.25
Price-to-Book 2.29
PEG Ratio -0.68
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 79.01
Resistance 3 (R3) 79.09 77.02 77.93
Resistance 2 (R2) 77.02 75.37 76.98 77.57
Resistance 1 (R1) 74.78 74.35 73.74 74.70 77.21
Pivot Point 72.70 72.70 72.18 72.66 72.70
Support 1 (S1) 70.46 71.05 69.43 70.38 67.87
Support 2 (S2) 68.39 70.04 68.35 67.51
Support 3 (S3) 66.15 68.39 67.15
Support 4 (S4) 66.07