Technical Analysis for NESR - National Energy Services Reunited Corp.

Grade Last Price % Change Price Change
grade D 7.97 -0.13% -0.01
NESR closed down 0.13 percent on Friday, February 14, 2020, on 59 percent of normal volume. Its advance stalled at its 200 day moving average, an important long-term support / resistance line. 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
Historical NESR trend table...

Date Alert Name Type % Chg
200 DMA Resistance Bearish 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Stochastic Reached Overbought Strength 0.00%
Weak + Overbought Other 0.00%
Wide Bands Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Crossed Above 20 DMA Bullish -0.13%
New Uptrend Bullish -0.13%
Pocket Pivot Bullish Swing Setup -0.13%
Wide Bands Range Expansion -0.13%

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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

Indicators

Indicator Value
52 Week High 10.8
52 Week Low 5.93
Average Volume 175,397
200-Day Moving Average 8.05
50-Day Moving Average 8.34
20-Day Moving Average 7.34
10-Day Moving Average 7.19
Average True Range 0.33
ADX 31.22
+DI 33.24
-DI 23.34
Chandelier Exit (Long, 3 ATRs ) 8.29
Chandelier Exit (Short, 3 ATRs ) 7.36
Upper Bollinger Band 8.48
Lower Bollinger Band 6.20
Percent B (%b) 0.78
BandWidth 31.08
MACD Line -0.22
MACD Signal Line -0.38
MACD Histogram 0.153
Fundamentals Value
Market Cap 93.49 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) 8.41
Resistance 3 (R3) 8.40 8.25 8.33
Resistance 2 (R2) 8.25 8.14 8.25 8.31
Resistance 1 (R1) 8.11 8.07 8.04 8.12 8.28
Pivot Point 7.96 7.96 7.92 7.96 7.96
Support 1 (S1) 7.82 7.85 7.75 7.83 7.66
Support 2 (S2) 7.67 7.78 7.67 7.63
Support 3 (S3) 7.53 7.67 7.61
Support 4 (S4) 7.54