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NESR Stock National Energy Services Reunited (NESR, $8.74) entered Downtrend as Momentum indicator drops below 0 level on Dec 09, 2024

A.I.dvisor
at Tickeron.com
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NESR - National Energy Services Reunited Corp
Momentum signal
Bearish Trend
Odds of DOWN Trend
Tickeron
Momentum signal
Price: $8.74
Daily change: -$0.17 (-1.91%)
Daily volume: 155.3K
Industry: Oilfield Services/Equipment
This indicator may be signaling that NESR'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 88 similar cases where NESR's Momentum Indicator fell below the 0 level, and of them led to a successful outcome. Odds of Success:

NESR in downward trend: price dove below 50-day moving average on December 03, 2024

NESR moved below its 50-day moving average on December 03, 2024 date and that indicates a change from an upward trend to a downward trend. In of 40 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 09, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on NESR as a result. In of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The 10-day moving average for NESR crossed bearishly below the 50-day moving average on November 05, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

The 50-day moving average for NESR moved below the 200-day moving average on December 03, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where NESR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

NESR broke above its upper Bollinger Band on December 02, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for NESR entered a downward trend on November 22, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 61 cases where NESR's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for NESR just turned positive on November 29, 2024. Looking at past instances where NESR's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NESR advanced for three days, in of 227 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. NESR’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.301) is normal, around the industry mean (2.381). P/E Ratio (7.949) is within average values for comparable stocks, (41.941). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.692). Dividend Yield (0.000) settles around the average of (0.040) among similar stocks. P/S Ratio (0.339) is also within normal values, averaging (1.552).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. NESR’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 71, placing this stock worse than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

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NESR
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published General Information

General Information

a provider of oilfield services

Industry OilfieldServicesEquipment

Profile
Fundamentals
Details
Industry
Oilfield Services Or Equipment
Address
777 Post Oak Boulevard
Phone
+1 832 925-3777
Employees
5581
Web
https://www.nesr.com