Technical Analysis for NESR - National Energy Services Reunited Corp.

Grade Last Price % Change Price Change
A 9.00 0.00% 0.00
NESR closed unchanged on Thursday, April 25, 2024, on approximately normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
Earnings due: May 9
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
20 DMA Support Bullish 0.00%
180 Bullish Setup Bullish Swing Setup 0.00%
Slingshot Bullish Bullish Swing Setup 0.00%
Overbought Stochastic Strength 0.00%
MACD Bearish Signal Line Cross Bearish 0.00%
Shooting Star Candlestick Bearish 0.00%
Lizard Bearish Bearish Day Trade Setup 0.00%
Volume Surge Other 0.00%
Doji - Bearish? Reversal 0.00%
New 52 Week High Strength 0.00%

   Recent Intraday Alerts

Alert Time
10 DMA Support about 17 hours ago
20 DMA Support about 18 hours ago
60 Minute Opening Range Breakdown about 19 hours ago
Down 3% about 19 hours ago
Lizard Bearish Entry about 19 hours ago

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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: Private Equity Mergers And Acquisitions Special Purpose Acquisition Company 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 9.25
52 Week Low 2.44
Average Volume 135,428
200-Day Moving Average 5.99
50-Day Moving Average 8.22
20-Day Moving Average 8.78
10-Day Moving Average 8.96
Average True Range 0.38
RSI (14) 65.03
ADX 21.35
+DI 13.60
-DI 33.88
Chandelier Exit (Long, 3 ATRs) 8.10
Chandelier Exit (Short, 3 ATRs) 8.90
Upper Bollinger Bands 9.37
Lower Bollinger Band 8.18
Percent B (%b) 0.69
BandWidth 13.65
MACD Line 0.26
MACD Signal Line 0.27
MACD Histogram -0.0114
Fundamentals Value
Market Cap 854.97 Million
Num Shares 95 Million
EPS -0.39
Price-to-Earnings (P/E) Ratio -23.08
Price-to-Sales 0.79
Price-to-Book 0.89
PEG Ratio 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 9.45
Resistance 3 (R3) 9.40 9.20 9.38
Resistance 2 (R2) 9.20 9.09 9.23 9.35
Resistance 1 (R1) 9.10 9.01 9.15 9.15 9.32
Pivot Point 8.90 8.90 8.93 8.93 8.90
Support 1 (S1) 8.80 8.79 8.85 8.85 8.68
Support 2 (S2) 8.60 8.71 8.63 8.65
Support 3 (S3) 8.50 8.60 8.63
Support 4 (S4) 8.55