Nabors Industries Stock Technical Analysis
| NBR Stock | USD 75.43 2.89 3.98% |
As of the 21st of November, Nabors Industries secures the Standard Deviation of 3.86, insignificant risk adjusted performance, and Mean Deviation of 3.2. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nabors Industries, as well as the relationship between them. Please verify Nabors Industries mean deviation, treynor ratio, as well as the relationship between the Treynor Ratio and kurtosis to decide if Nabors Industries is priced some-what accurately, providing market reflects its recent price of 75.43 per share. Given that Nabors Industries has information ratio of (0.04), we recommend you to check Nabors Industries's last-minute market performance to make sure the company can sustain itself at a future point.
Nabors Industries Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nabors, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NaborsNabors |
Nabors Industries Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 141.56 | Hold | 10 | Odds |
Most Nabors analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Nabors stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Nabors Industries, talking to its executives and customers, or listening to Nabors conference calls.
Nabors Industries technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Nabors Industries Technical Analysis
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Nabors Industries volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Nabors Industries Trend Analysis
Use this graph to draw trend lines for Nabors Industries. You can use it to identify possible trend reversals for Nabors Industries as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Nabors Industries price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Nabors Industries Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Nabors Industries applied against its price change over selected period. The best fit line has a slop of 0.16 , which may imply that Nabors Industries will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 960.44, which is the sum of squared deviations for the predicted Nabors Industries price change compared to its average price change.About Nabors Industries Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Nabors Industries on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Nabors Industries based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Nabors Industries price pattern first instead of the macroeconomic environment surrounding Nabors Industries. By analyzing Nabors Industries's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Nabors Industries's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Nabors Industries specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.012 | 4.7E-5 | 2.59E-4 | 2.47E-4 | Price To Sales Ratio | 0.31 | 0.52 | 0.25 | 0.24 |
Nabors Industries November 21, 2024 Technical Indicators
Most technical analysis of Nabors help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Nabors from various momentum indicators to cycle indicators. When you analyze Nabors charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | (0) | |||
| Market Risk Adjusted Performance | (0.04) | |||
| Mean Deviation | 3.2 | |||
| Coefficient Of Variation | (7,066) | |||
| Standard Deviation | 3.86 | |||
| Variance | 14.91 | |||
| Information Ratio | (0.04) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.05) | |||
| Maximum Drawdown | 15.91 | |||
| Value At Risk | (5.77) | |||
| Potential Upside | 6.76 | |||
| Skewness | 0.2081 | |||
| Kurtosis | (0.49) |
Nabors Industries November 21, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Nabors stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 36,686 | ||
| Daily Balance Of Power | 0.69 | ||
| Rate Of Daily Change | 1.04 | ||
| Day Median Price | 74.63 | ||
| Day Typical Price | 74.89 | ||
| Price Action Indicator | 2.25 |
Additional Tools for Nabors Stock Analysis
When running Nabors Industries' price analysis, check to measure Nabors Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nabors Industries is operating at the current time. Most of Nabors Industries' value examination focuses on studying past and present price action to predict the probability of Nabors Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nabors Industries' price. Additionally, you may evaluate how the addition of Nabors Industries to your portfolios can decrease your overall portfolio volatility.