Technical Analysis for NESR - National Energy Services Reunited Corp.

Grade Last Price % Change Price Change
D 11.75 -1.92% -0.23
NESR closed down 1.92 percent on Friday, September 17, 2021, on 4.4 times normal volume. It ran into resistance at its 50 day moving average.

Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Volume Surge Other 0.00%
Upper Bollinger Band Walk Strength 0.00%
Outside Day Range Expansion 0.00%
Upper Bollinger Band Touch Strength 0.00%
50 DMA Resistance Bearish -1.92%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -1.92%
Spinning Top Other -1.92%
Narrow Range Bar Range Contraction -1.92%
Older End-of-Day Signals for NESR ...

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Profile

National Energy Services Reunited Corp. Description

National Energy Services Reunited Corp. is a blank check company. The Company formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation, purchasing all of the assets of, entering into contractual arrangements, or engaging in any other similar business combination. The Company intends to focus its search on target businesses that operate in the energy services industry, with an emphasis on oil and gas services globally. The Company will either seek shareholder approval of its initial business combination at a meeting called for such purpose at which shareholders may seek to redeem their shares, regardless of whether they vote for or against the proposed business combination, into their pro rata share of the aggregate amount then on deposit in the trust account (net of taxes payable and working capital released to us), or provide its shareholders with the opportunity to sell their shares to us by means of a tender offer.


Classification

Sector: Industrials
Industry: Conglomerates
Keywords: Mergers And Acquisitions Special Purpose Acquisition Company Private Equity Energy Services Services Industry Gas Services Oil And Gas Services

Is NESR 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 15.95
52 Week Low 5.93
Average Volume 288,746
200-Day Moving Average 12.18
50-Day Moving Average 12.00
20-Day Moving Average 11.42
10-Day Moving Average 11.59
Average True Range 0.43
ADX 20.3
+DI 16.41
-DI 18.72
Chandelier Exit (Long, 3 ATRs) 10.88
Chandelier Exit (Short, 3 ATRs) 11.70
Upper Bollinger Bands 12.07
Lower Bollinger Band 10.77
Percent B (%b) 0.75
BandWidth 11.39
MACD Line -0.02
MACD Signal Line -0.14
MACD Histogram 0.122
Fundamentals Value
Market Cap 1.03 Billion
Num Shares 87.8 Million
EPS 0.42
Price-to-Earnings (P/E) Ratio 27.78
Price-to-Sales 1.02
Price-to-Book 0.88
PEG Ratio 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 12.35
Resistance 3 (R3) 12.40 12.24 12.25
Resistance 2 (R2) 12.24 12.09 12.22 12.22
Resistance 1 (R1) 12.00 12.00 11.92 11.95 12.18
Pivot Point 11.84 11.84 11.81 11.82 11.84
Support 1 (S1) 11.60 11.69 11.52 11.55 11.32
Support 2 (S2) 11.44 11.60 11.42 11.28
Support 3 (S3) 11.20 11.44 11.25
Support 4 (S4) 11.15