Is Nabors Industries Ltd. technically bullish or bearish?
As of June 6, 2025, the market trend is mildly bearish, indicated by mixed signals from various technical indicators, including a bearish monthly MACD and mildly bullish weekly MACD, alongside a significant decline in stock returns compared to the S&P 500.
As of 6 June 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by several key indicators. The weekly MACD is mildly bullish, but the monthly MACD remains bearish, indicating mixed signals. The daily moving averages are also mildly bearish, while Bollinger Bands show a bearish trend on the weekly and mildly bearish on the monthly. The KST is mildly bullish on the weekly but bearish on the monthly, and Dow Theory reflects a mildly bullish stance weekly and mildly bearish monthly. Overall, the strength of the bearish sentiment is supported by the recent price action, with a significant decline in stock return compared to the S&P 500 across multiple time frames.
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