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Stock Trend Analysis Report
Prepared for you on Tuesday, May 7, 2024.
NABORS INDUSTRIES WT 26 (NASDAQ:NBRWF)
Long-Term Downtrend (-90) - NBRWF is in a strong downtrend that is likely to continue. While NBRWF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid NBRWF?
MarketClub looks at technical strength and momentum to determine if the timing is right for NBRWF.
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 NBRWF
The long-term trend has been DOWN since Dec 5th, 2023 at 11.10
The intermediate-term trend has been DOWN since Apr 9th, 2024 at 8.20
The short-term trend has been DOWN since May 3rd, 2024 at 7.65
Smart Scan Analysis for NBRWF
Based on our trend formula, NBRWF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.500 | 7.595 | 7.500 | 7.595 | +0.045 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.595 | 709 | 2024-05-06 11:20:00 |
| 52wk High | 19 | 52wk High Date | 2023-08-03 |
| 52wk Low | 6.1 | 52wk Low Date | 2024-02-05 |
| Average Volume | 1,931 | Assets | 527,796,500M |
| Liabilities | 495,135,100M |