Nabors Industries Ltd. (NBR)

Nabors Industries Ltd. is trading at $77.80, down 3.97% on the session. The 50 day average sits at $86.41 and the 200 day at $83.45, which puts the stock in a uptrend. RSI is at 40.9, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $76.17 with resistance near $83.13, so that band frames the current range. Average daily movement is roughly $3.20, or about 4.1% of the share price, which is what any stop placement has to allow for. The overall health score of 36 out of 100 combines a trend score of 33, momentum of 24 and a risk score of 59.

Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. The company offers tubular running services, including casing and tubing running, and torque monitoring; managed pressure drilling services; and drilling-bit steering systems and rig instrumentation software. The company also offers drilling systems comprising ROCKit, a directional steering control system; SmartNAV, a collaborative guidance and advisory platform; SmartSLIDE, a directional steering control system; and RigCLOUD, a digital infrastructure that integrate applications to deliver real-time insight into operations across the rig fleet. In addition, it operates a fleet of land-based drilling rigs and marketed platforms rigs; manufactures and sells top drives, catwalks, wrenches, drawworks, and other drilling related equipment, such as robotic systems and downhole tools; and provides aftermarket sales and services for the installed base of its equipment. Nabors Industries Ltd. was founded in 1952 and is based in Hamilton, Bermuda.