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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.
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MarketClub’s Trade Triangles for NBR
The long-term trend has been DOWN since Mar 13th, 2023 at 131.5948
The intermediate-term trend has been DOWN since Feb 10th, 2023 at 164.9100
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).
| 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 High | 8.865 | Year High Date | 2018-05-17 |
| Year Low | 3.4 | Year Low Date | 2018-11-28 |
| 52wk High | 207.67 | 52wk High Date | 2022-04-18 |
| 52wk Low | 92.66 | 52wk Low Date | 2022-09-23 |
| Year End Close | 14.45 | Average Volume | 262,342 |
| Shares Outstanding | 9,456 | Short Interest | 7,705,650 |
| % Institutional | 89.1 | Market Cap | 879M |
| Assets | 472,985,400M | Liabilities | 436,089,800M |
| P/E Ratio | -1.43770000 | Beta | 2.49 |
| Volatility | 66.85 |