Technical Analysis for NBR - Nabors Industries Ltd.

Grade Last Price % Change Price Change
F 70.99 -1.44% -1.04
NBR closed down 1.44 percent on Wednesday, May 1, 2024, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. 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.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Calm After Storm Range Contraction 0.00%
NR7 Range Contraction 0.00%
New 52 Week Low Weakness 0.00%
Stochastic Reached Oversold Weakness 0.00%
Oversold Stochastic Weakness 0.00%
New 52 Week Closing Low Bearish -1.44%
180 Bearish Setup Bearish Swing Setup -1.44%
Gapped Down Weakness -1.44%
Calm After Storm Range Contraction -9.07%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 4 hours ago
Down 2 % about 5 hours ago
60 Minute Opening Range Breakdown about 6 hours ago
Bearish 180 Entry about 8 hours ago
Fell Below Previous Day's Low about 8 hours 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 Precision Drilling Fracturing Offshore Engineering 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 141.13
52 Week Low 70.48
Average Volume 224,528
200-Day Moving Average 96.29
50-Day Moving Average 82.48
20-Day Moving Average 79.40
10-Day Moving Average 76.49
Average True Range 3.84
RSI (14) 33.77
ADX 28.09
+DI 11.40
-DI 29.55
Chandelier Exit (Long, 3 ATRs) 80.39
Chandelier Exit (Short, 3 ATRs) 82.00
Upper Bollinger Bands 89.46
Lower Bollinger Band 69.33
Percent B (%b) 0.08
BandWidth 25.36
MACD Line -2.79
MACD Signal Line -2.12
MACD Histogram -0.6646
Fundamentals Value
Market Cap 671.93 Million
Num Shares 9.47 Million
EPS -5.49
Price-to-Earnings (P/E) Ratio -12.93
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) 74.20
Resistance 3 (R3) 74.39 73.50 73.67
Resistance 2 (R2) 73.50 72.69 73.41 73.49
Resistance 1 (R1) 72.25 72.18 71.81 72.06 73.31
Pivot Point 71.36 71.36 71.14 71.27 71.36
Support 1 (S1) 70.11 70.55 69.67 69.92 68.67
Support 2 (S2) 69.22 70.04 69.13 68.49
Support 3 (S3) 67.97 69.22 68.32
Support 4 (S4) 67.78