Technical Analysis for FLSS - Forbes Energy Services Ltd

Grade Last Price % Change Price Change
grade F 1.0101 0.01% 0.0001
FLSS closed up 0.01 percent on Thursday, September 12, 2019, on 10 percent of normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Down Down
See historical FLSS trend table...

Date Alert Name Type % Chg
New Downtrend Bearish 0.00%
Narrow Range Bar Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Inside Day Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
New 52 Week Closing Low Bearish 0.01%
Stochastic Buy Signal Bullish 0.01%
Lower Bollinger Band Walk Weakness 0.01%
New 52 Week Low Weakness 0.01%

Older signals for FLSS ...

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Profile
Forbes Energy Services Ltd., an independent oilfield services contractor, provides a range of well site services for oil and natural gas drilling and producing companies to develop and enhance the production of oil and natural gas in the United States. It operates in two segments, Well Servicing and Fluid Logistics. The Well Servicing segment offers well maintenance services, including remedial repairs, and removal and replacement of downhole production equipment; well workovers, such as downhole repairs, re-completions, and re-perforations; completion and swabbing services; plugging and abandonment services; and pressure testing services of oil and natural gas production and scanning tubing for pitting and wall thickness. As of December 31, 2017, it utilized a fleet of 168 well servicing rigs comprising 154 workover rigs and 14 swabbing rigs; 6 coiled tubing spreads; and other related assets and equipment. The Fluid Logistics segment transports, stores, and disposes various drilling and produced fluids used in oil and natural gas production. This segment is involved in fluid hauling activities; the disposal of salt water, and incidental non-hazardous oil and natural gas wastes produced from oil and natural gas wells; rental of fluid storage tanks for use by oilfield operators to store various fluids at well sites; and sale and transportation of various chemicals and fluids used in drilling, completion, and workover operations for oil and natural gas wells. As of December 31, 2017, it owned 266 fluid service vacuum trucks, trailers, and other hauling trucks; operated 16 disposal wells; and owned a fleet of 2,867 fluid storage tanks. The company has operations in the onshore oil and natural gas producing regions of Texas, as well as in Pennsylvania. Forbes Energy Services Ltd. was founded in 2003 and is headquartered in Alice, Texas.
Technology Natural Gas Oil Transportation Petroleum Industry Chemicals Petroleum Production Maintenance Services Precision Drilling Oil Wells Geotechnical Engineering Coiled Tubing Natural Gas Production Natural Gas Wells Onshore Oil Workover Well Intervention Site Services Abandonment Services Pressure Testing Services
Is FLSS a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Recent News
Indicators
Indicator Value
52 Week High 17.5
52 Week Low 1.01
Average Volume 2,032
200-Day Moving Average 6.3604
50-Day Moving Average 2.4335
20-Day Moving Average 1.715
10-Day Moving Average 1.414
Average True Range 0.1115
ADX 25.57
+DI 23.7783
-DI 69.1132
Chandelier Exit (Long, 3 ATRs ) 1.9755
Chandelier Exit (Short, 3 ATRs ) 1.3445
Upper Bollinger Band 2.5065
Lower Bollinger Band 0.9235
Percent B (%b) 0.05
BandWidth 92.303207
MACD Line -0.4048
MACD Signal Line -0.3532
MACD Histogram -0.0516
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.0250
Resistance 3 (R3) 1.0266 1.0233 1.0225
Resistance 2 (R2) 1.0233 1.0195 1.0225 1.0216
Resistance 1 (R1) 1.0167 1.0172 1.0151 1.0151 1.0208
Pivot Point 1.0134 1.0134 1.0126 1.0126 1.0134
Support 1 (S1) 1.0068 1.0096 1.0052 1.0052 0.9994
Support 2 (S2) 1.0035 1.0073 1.0027 0.9986
Support 3 (S3) 0.9969 1.0035 0.9977
Support 4 (S4) 0.9953