NBR Stock Nabors Industries (NBR, $69.1) entered Downtrend as Momentum indicator drops below 0 level on Jun 03, 2024

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NBR - Nabors Industries Ltd

Momentum signal

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Odds of DOWN Trend

Price: $69.1

Daily change: -$5.66 (-7.57%)

Daily volume: 304.7K

Capitalization: $659.2M

Industry: Contract Drilling

NBR saw its Stochastic Oscillator peaks and leaves the overbought zone

The Stochastic Oscillator for NBR moved out of overbought territory on November 13, 2024. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 57 similar instances where the indicator exited the overbought zone. In of the 57 cases the stock moved lower. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

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

NBR broke above its upper Bollinger Band on November 05, 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.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 04, 2024. You may want to consider a long position or call options on NBR as a result. In of 76 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for NBR just turned positive on November 05, 2024. Looking at past instances where NBR's MACD turned positive, the stock continued to rise in of 40 cases over the following month. The odds of a continued upward trend are .

NBR moved above its 50-day moving average on November 04, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where NBR advanced for three days, in of 296 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. NBR’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 (2.528) is normal, around the industry mean (5.580). P/E Ratio (0.000) is within average values for comparable stocks, (24.018). NBR's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.206). NBR has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.037). P/S Ratio (0.266) is also within normal values, averaging (1.092).

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 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.

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. NBR’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 83, placing this stock worse than average.