Free Daily Analysis

Stock Trend Analysis Report

Prepared for you on Monday, December 9, 2024.

Nabors Industries Ltd. (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
69.40 69.67 65.00 66.83 -3.06
Entry Signal

MarketClub’s Trade Triangles for NBR

long term down The long-term trend has been DOWN since Sep 26th, 2024 at 59.90

intermediate term down The intermediate-term trend has been DOWN since Nov 19th, 2024 at 70.32

short term down The short-term trend has been DOWN since Nov 26th, 2024 at 73.21

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
69.40 69.67 65.00 66.83 -3.06
Prev. Close Volume Bid Ask Time
66.67 384525 2024-12-06 15:59:50
Year High8.865Year High Date2018-05-17
Year Low3.4Year Low Date2018-11-28
52wk High105.9652wk High Date2024-07-31
52wk Low59.66552wk Low Date2024-09-26
Year End Close14.45Average Volume308,335
Shares Outstanding10,709Short Interest7,705,650
% Institutional89.1Market Cap879M
Assets455,363,600MLiabilities436,227,300M
P/E Ratio-1.43770000Beta2.49
Volatility66.85
Get a free daily analysis and signals for Nabors Industries Ltd. (NBR) - Request Your Free Report.