Nabors Industries (NBR, $29.56) entered Downtrend as Momentum indicator drops below 0 level on Apr 24, 2025

#ContractDrilling, #TechnicalAnalysis, #Momentum, #Bearish, #Stocks, #SmallCap, #Russel2000
NBR - Nabors Industries Ltd
Momentum signal
Bearish Trend
82%
Odds of DOWN Trend
Price: $29.56
Daily change: +$1.87 (+6.75%)
Daily volume: 486.9K
Capitalization: $429.7M
Industry: Contract Drilling

This indicator may be signaling that NBR's price has further to drop, since it fell below its price logged 14 days ago. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 76 similar cases where NBR's Momentum Indicator fell below the 0 level, and 62 of them led to a successful outcome. Odds of Success: 82%.