How the (NBR) price action is used to our Advantage
February 06, 2024, 17:26 pm ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NBR
- Buy NBR slightly over 66.95 target 85.01 stop loss @ 66.76 Details
The technical summary data tells us to buy NBR near 66.95 with an upside target of 85.01. This data also tells us to set a stop loss @ 66.76 to protect against excessive loss in case the stock begins to move against the trade. 66.95 is the first level of support below 81.28 , and by rule, any test of support is a buy signal. In this case, support 66.95 would be being tested, so a buy signal would exist.
- Short NBR slightly under 85.01, target 66.95, stop loss @ 85.26 Details
The technical summary data is suggesting a short of NBR as it gets near 85.01 with a downside target of 66.95. We should have a stop loss in place at 85.26though. 85.01 is the first level of resistance above 81.28, and by rule, any test of resistance is a short signal. In this case, if resistance 85.01 is being tested, so a short signal would exist.
Swing Trading Plans for NBR
- Buy NBR slightly over 85.01, target 88.24, Stop Loss @ 84.76 Details
If 85.01 begins to break higher, the technical summary data tells us to buy NBR just slightly over 85.01, with an upside target of 88.24. The data also tells us to set a stop loss @ 84.76 in case the stock turns against the trade. 85.01 is the first level of resistance above 81.28, and by rule, any break above resistance is a buy signal. In this case, 85.01, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short NBR slightly near 85.01, target 79, Stop Loss @ 85.26. Details
The technical summary data is suggesting a short of NBR if it tests 85.01 with a downside target of 79. We should have a stop loss in place at 85.26 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 85.01, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for NBR
- Buy NBR slightly over 85.01, target 88.24, Stop Loss @ 84.81 Details
If 85.01 begins to break higher, the technical summary data tells us to buy NBR just slightly over 85.01, with an upside target of 88.24. The data also tells us to set a stop loss @ 84.81 in case the stock turns against the trade. 85.01 is the first level of resistance above 81.28, and by rule, any break above resistance is a buy signal. In this case, 85.01, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short NBR slightly near 85.01, target 79, Stop Loss @ 85.21. Details
The technical summary data is suggesting a short of NBR if it tests 85.01 with a downside target of 79. We should have a stop loss in place at 85.21 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 85.01, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Nabors Industries Ltd. (NBR) available here: NBR.
NBR Ratings for February 06:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Weak |
| P1 |
0 |
0 |
66.95 |
| P2 |
74.46 |
79 |
85.01 |
| P3 |
76.7 |
88.24 |
105.24 |
AI Generated Signals for NBR
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Nabors Industries Ltd. (NYSE: NBR) data table below can help you with price action, and we have more details too. Trading plans for NBR are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for NBR:
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