Technical Analysis for NBR - Nabors Industries Ltd.

Grade Last Price % Change Price Change
grade F 29.87 -5.80% -1.84
NBR closed down 5.8 percent on Friday, July 10, 2020, on approximately normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.
Earnings due: Jul 28
*** please verify all earnings dates ***

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down
Historical NBR trend table...

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
Multiple of Ten Bearish Other 0.00%
Wide Bands Range Expansion 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Fell Below 50 DMA Bearish -5.80%
180 Bearish Setup Bearish Swing Setup -5.80%
Stochastic Reached Oversold Weakness -5.80%
Wide Bands Range Expansion -5.80%

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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.
Transportation Technology Petroleum Industry Petroleum Production Petroleum Geology Oil Well Fracturing Precision Drilling Drilling Rig Offshore Engineering Geotechnical Engineering Petroleum Engineering Oil Platform Data Collection Equipment Directional Drilling

Is NBR a Buy, Sell or Hold?

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


Indicator Value
52 Week High 167.5
52 Week Low 9.79
Average Volume 1,166,479
200-Day Moving Average 74.29
50-Day Moving Average 34.90
20-Day Moving Average 40.67
10-Day Moving Average 34.71
Average True Range 5.68
ADX 19.29
+DI 22.38
-DI 27.62
Chandelier Exit (Long, 3 ATRs ) 51.17
Chandelier Exit (Short, 3 ATRs ) 46.63
Upper Bollinger Band 55.84
Lower Bollinger Band 25.49
Percent B (%b) 0.14
BandWidth 74.64
MACD Line -2.17
MACD Signal Line -0.49
MACD Histogram -1.6728
Fundamentals Value
Market Cap 8.56 Billion
Num Shares 286 Million
EPS -2.57
Price-to-Earnings (P/E) Ratio -11.62
Price-to-Sales 0.78
Price-to-Book 0.58
PEG Ratio -0.56
Dividend 0.24
Dividend Yield 0.80%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 33.22
Resistance 3 (R3) 33.49 32.66 32.66
Resistance 2 (R2) 32.66 31.80 32.52 32.47
Resistance 1 (R1) 31.26 31.28 30.85 30.99 32.29
Pivot Point 30.43 30.43 30.22 30.29 30.43
Support 1 (S1) 29.03 29.57 28.62 28.76 27.45
Support 2 (S2) 28.20 29.05 28.06 27.27
Support 3 (S3) 26.80 28.20 27.08
Support 4 (S4) 26.53