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Stock Trend Analysis Report

Prepared for you on Wednesday, March 22, 2023.

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.

Open High Low NBR Price Change
118.900 118.900 113.430 115.255 -2.455
Entry Signal

MarketClub’s Trade Triangles for NBR

long term down The long-term trend has been DOWN since Mar 13th, 2023 at 131.5948

intermediate term down The intermediate-term trend has been DOWN since Feb 10th, 2023 at 164.9100

short term up The short-term trend has been UP since Mar 21st, 2023 at 118.0100

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).

Smart Scan Analysis for NBR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
118.900 118.900 113.430 115.255 -2.455
Prev. Close Volume Bid Ask Time
117.710 155445 2023-03-22 15:21:16
Year High8.865Year High Date2018-05-17
Year Low3.4Year Low Date2018-11-28
52wk High207.6752wk High Date2022-04-18
52wk Low92.6652wk Low Date2022-09-23
Year End Close14.45Average Volume262,342
Shares Outstanding9,456Short Interest7,705,650
% Institutional89.1Market Cap879M
P/E Ratio-1.43770000Beta2.49
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