When the Price of Nabors Industries NBR Talks, People Listen

January 30, 2023, 15:30 pm ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NBR

• Buy NBR slightly over 152.43 target 191.05 stop loss @ 151.99 Details

The technical summary data tells us to buy NBR near 152.43 with an upside target of 191.05. This data also tells us to set a stop loss @ 151.99 to protect against excessive loss in case the stock begins to move against the trade. 152.43 is the first level of support below 171.99 , and by rule, any test of support is a buy signal. In this case, support 152.43 is being tested, a buy signal would exist.

• Short NBR slightly under 191.05, target 152.43, stop loss @ 191.6 Details

The technical summary data is suggesting a short of NBR as it gets near 191.05 with a downside target of 152.43. We should have a stop loss in place at 191.6though. 191.05 is the first level of resistance above 171.99, and by rule, any test of resistance is a short signal. In this case, if resistance 191.05 is being tested, a short signal would exist.

Swing Trading Plans for NBR

• Buy NBR slightly over 178.99, target 191.05, Stop Loss @ 178.47 Details

If 178.99 begins to break higher, the technical summary data tells us to buy NBR just slightly over 178.99, with an upside target of 191.05. The data also tells us to set a stop loss @ 178.47 in case the stock turns against the trade. 178.99 is the first level of resistance above 171.99, and by rule, any break above resistance is a buy signal. In this case, 178.99, 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 178.99, target 152.43, Stop Loss @ 179.51. Details

The technical summary data is suggesting a short of NBR if it tests 178.99 with a downside target of 152.43. We should have a stop loss in place at 179.51 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, 178.99, 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 175.57, target 178.99, Stop Loss @ 175.16 Details

If 175.57 begins to break higher, the technical summary data tells us to buy NBR just slightly over 175.57, with an upside target of 178.99. The data also tells us to set a stop loss @ 175.16 in case the stock turns against the trade. 175.57 is the first level of resistance above 171.99, and by rule, any break above resistance is a buy signal. In this case, 175.57, 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 175.57, target 152.43, Stop Loss @ 175.98. Details

The technical summary data is suggesting a short of NBR if it tests 175.57 with a downside target of 152.43. We should have a stop loss in place at 175.98 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, 175.57, 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 (NBR) available here: NBR.

NBR Ratings for January 30:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	117.09
P2	175.57	178.99	152.43
P3	180.20	191.38	191.05

AI Generated Signals for NBR

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Nabors Industries (NYSE: NBR) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for NBR can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.