Trading Notebook: Stock On the Rise Over the Last Month Nuverra Environmental Solutions (NES)

Investors tracking shares of Nuverra Environmental Solutions (NES) may have taken notice that the stock has risen 3.09% over the last 4 weeks. Tracking back over the last half-year, shares have seen a change of 475.45%. Looking out over the past 52-weeks, shares have moved 352.14%. Watching the last 5 trading periods, shares have changed 28.14%.

Traders may be focusing in on the ATR or Average True Range indicator when performing stock analysis. At the time of writing, Nuverra Environmental Solutions (NES) has a 14-day ATR of 1.21. The average true range indicator was developed by J. Welles Wilder in order to measure volatility. The ATR may assist traders with figuring out the strength of a breakout or reversal in price. It is important to note that the ATR was not designed to determine price direction or to predict future prices.

We can also take a look at the Average Directional Index or ADX of the stock. For traders looking to capitalize on trends, the ADX may be an essential technical tool. The ADX is used to measure trend strength. ADX calculations are made based on the moving average price range expansion over a specified amount of time. ADX is charted as a line with values ranging from 0 to 100. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. The 14-day ADX for Nuverra Environmental Solutions (NES) presently sits at 39.32. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would signify an extremely strong trend.

Taking a closer look from a technical standpoint, Nuverra Environmental Solutions (NES) presently has a 14-day Commodity Channel Index (CCI) of 138.93. Typically, the CCI oscillates above and below a zero line. Normal oscillations tend to stay in the range of -100 to +100. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well.

The Williams Percent Range or Williams %R is a technical indicator worth taking a look at. Nuverra Environmental Solutions (NES) currently has a 14 day Williams %R of -41.46. The Williams %R fluctuates between 0 and -100 measuring whether a security is overbought or oversold. The Williams %R is similar to the Stochastic Oscillator except it is plotted upside-down. Levels above -20 may indicate the stock may be considered is overbought. If the indicator travels under -80, this may signal that the stock is oversold. Chart analysts may also use the indicator to project possible price reversals and to define trends.

A commonly used tool among technical stock analysts is the moving average. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. Moving averages can be very helpful for identifying peaks and troughs. They may also be used to assist the trader figure out proper support and resistance levels for the stock. Currently, the 200-day MA for Nuverra Environmental Solutions (NES) is sitting at 4.02.

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