| NBR NYSE |
| Nabors Industries Ltd • Oil/Gas Drilling |
| Thu 27 Mar, 3:25 pm ET | |
Breakout tradeWATCH for possible breakout above 45.31
Target: 53.05, 23.8% Stop: 40.83 Loss: 4.7%
P/L ratio: 5.1 : 1 - Excellent
Breakout 
Long Short 
Narrow price area with possible breakout and long trade entryDefault chart
Quote 42.84 -1.44,-3.2% L 42.28 O 43.85 H 43.85 Volume 137.5k -54.7% typical 52 Wk 37 to 102.8 Earnings recent Feb 12 aMkt Link PEG na P/E na Short 16.07%Div na EPS -22.36Mkt Cap 695.20M |
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https://stockconsultant.com/?NBR
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Top ˄Thu 27 Mar, 3:25 pm ET
8 Month Detailed Chart
100%
Narrow price area with possible breakout and long trade entry
Scale +/-0(min) to 10(max)
QUOTE
42.84, -1.44 pts (-3.2%), Thu 27 Mar, 3:25 pm ET
down from yesterday's close.
Today's
L 42.28 O 43.85 H 43.85Typical price range:
42.65 to
45.91 ± 1.63 pts, ± 3.8%
Extreme price range (85% of time)
41.02 to
47.54 ± 3.26 pts, ± 7.6%
VOLUME
137.5k shares, -54.7% compared to typical volume of 303.35k by 3:25 pm ET.
Typical daily volume is 352.74k shares over the past 6 months.
RALLIES/PULLBACKS** Current price area
Typical: 9.9 pts (23.1%) occurs 25% of the time.
Extreme: 12.87 pts (30%) occurs 5% of the time.
| A summary of bullish and bearish indicators. | |
BULLISH
[Positioning] Intermediate trend bullish, Downtrend turned sideways, possible bottom.
[Timing] breakout watch above 45.31, no resistance in area just above.
BEARISH
[Timing] Mild bearish 3 day candlestick pattern.
Indicators for positioning trade entry and exits.
1 DAY PRICE CHANGE
down (-1.44 pts, -3.2%) from yesterday's close.
SHORT TERM DIRECTION
OVERBOUGHT/SOLD
Neutral, odds equally favor long and short trades.
1 MONTH TREND
INTERMEDIATE TREND** Past 4 months
bullish, Downtrend turned sideways, possible bottom.
SUPPORT/RESISTANCE
42.84, at support or resistance,
43.67 ± 1.66
type double,
strength 3
Support Below : -11.4% at
37.98 ± 1.44
type single,
strength 8
Resistance Above : +24.3% at
53.26 ± 2.02
type single,
strength 5
Indicators for timing trade entry and exits.
Over 120 three day candlestick chart patterns analyzed.
3 DAY CANDLESTICK
Mild bearish 3 day candlestick pattern.
Not significant 3 day distribution
Days Back
Strong Bullish
Mild Bullish
Neutral
Mild Bearish
Strong Bearish
0
5
10
15
25
3 Day Candlestick (over last 25 days)
3 Day Candlestick (2 day avg)
MONEYFLOW
Not significant bearish 1 day moneyflow by 3:25 pm ET,
BREAKOUT
WATCH for possible breakout above 45.31, no resistance in area just above.
Type: True breakout from double resistance.
Target:
53.05, 23.8% Stop: 40.83
Loss: 4.7%
P/L ratio: 5.1 : 1 - Excellent
BREAKDOWN
None.
Support and Resistance Areas
Over the past 8 months.
Type/Strength Help
CURRENT PRICE
42.84, at support or resistance,
43.67 ± 1.66
type double,
strength 3
SUPPORT BELOW
-11.4% at 37.98 ± 1.44 type single,
strength 8
RESISTANCE ABOVE
+24.3% at 53.26 ± 2.02 type single,
strength 5
+35.1% at 57.88 ± 2.2 type single,
strength 1
+47.7% at 63.27 ± 2.4 type triple,
strength 10
...
90%
Trade Quality
Long
TARGET 1
Price:
51.05 Profit:
19.2% (Typical rally)
Stop/Trailing Stop: 40.83 Loss: 4.7%
P/L Ratio: 4.1 : 1 - Excellent
POTENTIAL
Excellent, there are 0 resistance areas on the way to Target 1.
When there are few resistance areas, stocks may quickly rise to targets.
TARGET 2
Price:
53.26 Profit:
24.3% P/L Ratio: 5.2 : 1 - Excellent
(Extreme rally)
Breakout trade indicators.
Breakout Tip
BREAKOUT
WATCH for possible breakout above 45.31, no resistance in area just above.
Type: True breakout from double resistance.
Target:
53.05, 23.8% Stop: 40.83
Loss: 4.7%
P/L ratio: 5.1 : 1 - Excellent
85%
Trade Quality
Short
TARGET 1
Price:
33.1 Profit:
22.7% (Typical pullback)
Cover/Trailing Cover: 45.31 Loss: 5.8%
P/L Ratio: 3.9 : 1 - Excellent
POTENTIAL
Good, there are 1 support areas on the way to Target 1.
When there are few support areas, stocks may quickly fall to targets.
TARGET 1 SUPPORT
-11.4% at
37.98 ± 1.44
type single,
strength 8
-22.7% at 33.1 is Target 1
TARGET 2
Price:
30.13 Profit:
29.7% P/L Ratio: 5.1 : 1 - Excellent
(Extreme pullback)
Breakdown trade indicators.
2%
0.2%
