Technical Analysis for NESR - National Energy Services Reunited Corp.

Grade Last Price % Change Price Change
grade F 8.34 -1.30% -0.11
NESR closed down 1.3 percent on Friday, February 15, 2019, on 2.22 times normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Down Up
See historical NESR trend table...

Date Alert Name Type % Chg
Feb 15 Fell Below 50 DMA Bearish 0.00%
Feb 15 Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Feb 15 Earnings Movers Other 0.00%
Feb 15 Weak + Overbought Other 0.00%
Feb 15 Overbought Stochastic Strength 0.00%
Feb 15 Upper Bollinger Band Touch Strength 0.00%
Feb 14 Crossed Above 50 DMA Bullish -1.30%
Feb 14 Pocket Pivot Bullish Swing Setup -1.30%
Feb 14 Earnings Movers Other -1.30%
Feb 14 Weak + Overbought Other -1.30%

Older signals for NESR ...

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Profile
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.
Corporate Finance Private Equity Special Purpose Acquisition Company Mergers And Acquisitions Consolidation 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
Summary: Counts: 1 bullish, 3 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 14.38
52 Week Low 7.42
Average Volume 56,133
200-Day Moving Average 10.074
50-Day Moving Average 8.3906
20-Day Moving Average 8.0955
10-Day Moving Average 8.175
Average True Range 0.3072
ADX 26.59
+DI 17.1509
-DI 13.0638
Chandelier Exit (Long, 3 ATRs ) 7.7484
Chandelier Exit (Short, 3 ATRs ) 8.3416
Upper Bollinger Band 8.4084
Lower Bollinger Band 7.7826
Percent B (%b) 0.89
BandWidth 7.73022
MACD Line -0.0488
MACD Signal Line -0.1141
MACD Histogram 0.0653
Fundamentals Value
Market Cap 97.83 Million
Num Shares 11.7 Million
EPS 0.00
Price-to-Earnings (P/E) Ratio 0.00
Price-to-Sales 0.00
Price-to-Book 2.02
PEG Ratio 0.00
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 8.66
Resistance 3 (R3) 8.67 8.59 8.60
Resistance 2 (R2) 8.59 8.51 8.58 8.58
Resistance 1 (R1) 8.46 8.46 8.42 8.45 8.57
Pivot Point 8.38 8.38 8.36 8.37 8.38
Support 1 (S1) 8.25 8.30 8.21 8.24 8.11
Support 2 (S2) 8.17 8.25 8.16 8.10
Support 3 (S3) 8.04 8.17 8.08
Support 4 (S4) 8.03