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Stock Trend Analysis Report

Prepared for you on Wednesday, June 12, 2024.

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.

NYSE_NBR
Open High Low NBR Price Change
69.2400 69.4550 67.6352 67.7000 +0.1500
Entry Signal

MarketClub’s Trade Triangles for NBR

long term down The long-term trend has been DOWN since May 1st, 2024 at 71.9

intermediate term down The intermediate-term trend has been DOWN since May 29th, 2024 at 72.5

short term up The short-term trend has been UP since Jun 10th, 2024 at 68.0

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).

-85
Smart Scan Analysis for NBR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
69.2400 69.4550 67.6352 67.7000 +0.1500
Prev. Close Volume Bid Ask Time
67.5500 109428 2024-06-12 15:59:13
Year High8.865Year High Date2018-05-17
Year Low3.4Year Low Date2018-11-28
52wk High141.4752wk High Date2023-09-19
52wk Low65.110152wk Low Date2024-06-06
Year End Close14.45Average Volume176,087
Shares Outstanding10,702Short Interest7,705,650
% Institutional89.1Market Cap879M
Assets464,497,200MLiabilities435,863,400M
P/E Ratio-1.43770000Beta2.49
Volatility66.85
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