Nabors Industries Ltd Stock Forecast

Hold candidate since Mar 14, 2025 Gain 0.96%

The Nabors Industries Ltd stock price gained 2.09% on the last trading day (Wednesday, 19th Mar 2025), rising from $43.08 to $43.98. During the last trading day the stock fluctuated 7.50% from a day low at $41.58 to a day high of $44.70. The price has risen in 6 of the last 10 days and is up by 13.53% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 175 thousand more shares were traded than the day before. In total, 536 thousand shares were bought and sold for approximately $23.56 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -34.02% during the next 3 months and, with a 90% probability hold a price between $20.97 and $32.51 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

NBR Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, March 03, 2025, and so far it has risen 18.74%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Nabors Industries Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $46.47. On a fall, the stock will find some support from the short-term average at $41.63. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Nabors Industries Ltd stock

On the downside, the stock finds support just below today's level from accumulated volume at $38.74 and $38.42. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Nabors Industries Ltd finds support just below today's level at $38.74. If this is broken, then the next support from accumulated volume will be at $38.42 and $37.04.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.12 between high and low, or 7.50%. For the last week, the stock has had daily average volatility of 7.91%.

Our recommended stop-loss: $42.31 (-3.80%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)

Trading Expectations (NBR) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Nabors Industries Ltd to open at $43.42, and during the day (based on 14 day Average True Range), to move between $40.67 and $47.29, which gives a possible trading interval of +/-$3.31 (+/-7.54%) up or down from last closing price. If Nabors Industries Ltd takes out the full calculated possible swing range there will be an estimated 15.07% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $38.74 (11.91%) than the resistance at $49.69 (12.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Nabors Industries Ltd stock A Buy?

Nabors Industries Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.135 Hold/Accumulate Unchanged

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

Predicted Fair Opening Price

Predicted fair opening price on March 20, 2025 - $43.42 ( 1.27%).