Technical Analysis for NESR - National Energy Services Reunited Corp.

Grade Last Price % Change Price Change
C 9.05 -1.63% -0.15
NESR closed down 1.63 percent on Friday, November 1, 2024, on 1.21 times normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -1.63%
Volume Surge Other -1.63%
NR7 Range Contraction -1.63%
Narrow Range Bar Range Contraction -1.63%
Inside Day Range Contraction -1.63%
New Downtrend Bearish -1.63%
50 DMA Support Bullish -1.63%
Hammer Candlestick Bullish -1.63%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -1.63%

   Recent Intraday Alerts

Alert Time
Fell Below 50 DMA about 21 hours ago
Down 1% about 21 hours ago
50 DMA Support about 23 hours ago
10 DMA Resistance about 23 hours ago
Fell Below Previous Day's Low about 23 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 10.3
52 Week Low 3.26
Average Volume 51,529
200-Day Moving Average 7.84
50-Day Moving Average 9.16
20-Day Moving Average 8.86
10-Day Moving Average 9.23
Average True Range 0.29
RSI (14) 49.75
ADX 23.41
+DI 25.16
-DI 30.13
Chandelier Exit (Long, 3 ATRs) 8.87
Chandelier Exit (Short, 3 ATRs) 8.86
Upper Bollinger Bands 9.70
Lower Bollinger Band 8.01
Percent B (%b) 0.61
BandWidth 19.18
MACD Line 0.06
MACD Signal Line 0.00
MACD Histogram 0.0608
Fundamentals Value
Market Cap 859.72 Million
Num Shares 95 Million
EPS -0.39
Price-to-Earnings (P/E) Ratio -23.21
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) 9.40
Resistance 3 (R3) 9.42 9.34 9.34
Resistance 2 (R2) 9.34 9.25 9.32 9.32
Resistance 1 (R1) 9.19 9.19 9.15 9.17 9.30
Pivot Point 9.11 9.11 9.09 9.09 9.11
Support 1 (S1) 8.96 9.02 8.92 8.94 8.80
Support 2 (S2) 8.88 8.96 8.86 8.78
Support 3 (S3) 8.73 8.88 8.76
Support 4 (S4) 8.71