Free Daily Analysis

Stock Trend Analysis Report

Prepared for you on Thursday, April 9, 2020.

Nabors Industries (NYSE:NBR)

Long-Term Downtrend (-90) - NBR is in a strong downtrend that is likely to continue. While NBR 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 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.

NYSE_NBR
Open High Low NBR Price Change
0.3529 0.3550 0.3118 0.3414 +0.0106
Entry Signal

MarketClub’s Trade Triangles for NBR

long term down The long-term trend has been DOWN since Feb 25th, 2020 at 1.7650

intermediate term down The intermediate-term trend has been DOWN since Jan 22nd, 2020 at 2.7300

short term down The short-term trend has been DOWN since Mar 27th, 2020 at 0.4477

Smart Scan Analysis for NBR

Based on our trend formula, NBR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for NBR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.3529 0.3550 0.3118 0.3414 +0.0106
Prev. Close Volume Bid Ask Time
0.3746 13493693 2020-04-08 15:59:59
Year High8.865Year High Date2018-05-17
Year Low3.4Year Low Date2018-11-28
52wk High4.0852wk High Date2019-04-23
52wk Low0.3152wk Low Date2020-03-16
Year End Close14.45Average Volume13,785,554
Shares Outstanding367,128Short Interest7,705,650
% Institutional89.1Market Cap879M
Assets676,065,800MLiabilities477,784,700M
P/E Ratio-1.1Beta2.49
Volatility66.85
Get a free daily analysis and signals for Nabors Industries (NBR) - Request Your Free Report.