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Stock Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Nabors Industries Ltd. (NYSE:NBR)
Countertrend Down (-85) - NBR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid NBR?
MarketClub looks at technical strength and momentum to determine if the timing is right for NBR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for NBR
The long-term trend has been DOWN since May 1st, 2024 at 71.90
The intermediate-term trend has been DOWN since Apr 10th, 2024 at 84.06
The short-term trend has been UP since May 6th, 2024 at 74.39
Smart Scan Analysis for NBR
Based on our trend formula, NBR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 74.05 | 75.69 | 73.96 | 74.31 | -0.92 |
| Prev. Close | Volume | Bid | Ask | Time |
| 75.23 | 31052 | 2024-05-08 14:16:04 |
| Year High | 8.865 | Year High Date | 2018-05-17 |
| Year Low | 3.4 | Year Low Date | 2018-11-28 |
| 52wk High | 141.47 | 52wk High Date | 2023-09-19 |
| 52wk Low | 70.25 | 52wk Low Date | 2024-05-02 |
| Year End Close | 14.45 | Average Volume | 241,595 |
| Shares Outstanding | 10,702 | Short Interest | 7,705,650 |
| % Institutional | 89.1 | Market Cap | 879M |
| Assets | 464,497,200M | Liabilities | 435,863,400M |
| P/E Ratio | -1.43770000 | Beta | 2.49 |
| Volatility | 66.85 |