Is Nabors Energy Transition Corp. technically bullish or bearish?

As of 7 April 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish due to the daily moving averages indicating a bearish trend, while the weekly MACD shows a mildly bullish signal. The RSI on a weekly basis is bullish, but the monthly indicators present mixed signals with the Bollinger Bands showing a sideways trend and Dow Theory indicating bearishness on both weekly and monthly time frames. Overall, the strength of the bearish sentiment is supported by the significant declines in stock performance compared to the S&P 500 over various periods, particularly the year-to-date return of -92.83%.