Technical Analysis for NBR - Nabors Industries Ltd.

Grade Last Price % Change Price Change
C 77.30 2.48% 1.87
NBR closed up 2.48 percent on Friday, November 22, 2024, on 88 percent of normal volume. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Crossed Above 20 DMA Bullish 0.00%
Crossed Above 200 DMA Bullish 0.00%
MACD Bullish Centerline Cross Bullish 0.00%
20 DMA Resistance Bearish 2.48%
Crossed Above 50 DMA Bullish 2.48%
Pocket Pivot Bullish Swing Setup 2.48%
Oversold Stochastic Weakness 2.48%
50 DMA Resistance Bearish 6.56%
MACD Bearish Centerline Cross Bearish 6.56%
Stochastic Buy Signal Bullish 6.56%

   Recent Intraday Alerts

Alert Time
20 DMA Support about 16 hours ago
Up 3% about 17 hours ago
60 Minute Opening Range Breakout about 17 hours ago
Rose Above 200 DMA about 17 hours ago
Up 2% about 17 hours ago

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Profile

Nabors Industries Ltd. Description

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.


Classification

Sector: Energy
Industry: Oil & Gas Drilling
Keywords: Petroleum Industry Acid Petroleum Production Oil Wells Barge Drilling Rig Data Collection Offshore Engineering Precision Drilling Fracturing Oil Platform Geotechnical Engineering Hydraulic Fracturing Petroleum Engineering Workover Directional Drilling Pumping Services Pressure Pumping Services Data Collection Equipment

Is NBR 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 105.96
52 Week Low 59.665
Average Volume 379,175
200-Day Moving Average 77.09
50-Day Moving Average 73.68
20-Day Moving Average 76.33
10-Day Moving Average 75.72
Average True Range 4.47
RSI (14) 53.27
ADX 11.49
+DI 23.68
-DI 20.73
Chandelier Exit (Long, 3 ATRs) 72.70
Chandelier Exit (Short, 3 ATRs) 81.26
Upper Bollinger Bands 84.38
Lower Bollinger Band 68.27
Percent B (%b) 0.56
BandWidth 21.11
MACD Line 0.06
MACD Signal Line 0.49
MACD Histogram -0.4303
Fundamentals Value
Market Cap 731.65 Million
Num Shares 9.47 Million
EPS -5.49
Price-to-Earnings (P/E) Ratio -14.08
Price-to-Sales 0.25
Price-to-Book 2.29
PEG Ratio -0.68
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 82.66
Resistance 3 (R3) 82.62 80.79 81.76
Resistance 2 (R2) 80.79 79.43 80.81 81.46
Resistance 1 (R1) 79.05 78.59 79.92 79.09 81.17
Pivot Point 77.22 77.22 77.66 77.24 77.22
Support 1 (S1) 75.48 75.86 76.35 75.52 73.43
Support 2 (S2) 73.65 75.02 73.67 73.14
Support 3 (S3) 71.91 73.65 72.84
Support 4 (S4) 71.95