Technical Analysis for FLSS - Forbes Energy Services Ltd

Grade Last Price % Change Price Change
grade F 0.16 18.43% 0.0249
FLSS closed up 18.43 percent on Friday, February 14, 2020, on 30 percent of normal volume.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Up
Historical FLSS trend table...

Date Alert Name Type % Chg
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Narrow Range Bar Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Gapped Up Strength 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 18.43%
Narrow Range Bar Range Contraction 18.43%
Inside Day Range Contraction 18.43%
Wide Bands Range Expansion 18.43%
20 DMA Resistance Bearish -0.81%
50 DMA Resistance Bearish -0.81%
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 Oil Wells Precision Drilling Geotechnical Engineering Coiled Tubing Natural Gas Wells Onshore Oil Natural Gas Production Workover Well Intervention Site Services Abandonment Services Natural Gas Drilling Pressure Testing Services Production Fluid

Is FLSS a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 13.2
52 Week Low 0.04
Average Volume 32,161
200-Day Moving Average 3.1484
50-Day Moving Average 0.1761
20-Day Moving Average 0.1674
10-Day Moving Average 0.1527
Average True Range 0.0355
ADX 20.92
+DI 31.1357
-DI 32.5427
Chandelier Exit (Long, 3 ATRs ) 0.1485
Chandelier Exit (Short, 3 ATRs ) 0.2165
Upper Bollinger Band 0.2262
Lower Bollinger Band 0.1086
Percent B (%b) 0.44
BandWidth 70.2509
MACD Line -0.0301
MACD Signal Line -0.0361
MACD Histogram 0.006
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.1600
Resistance 3 (R3) 0.1600 0.1600 0.1600
Resistance 2 (R2) 0.1600 0.1600 0.1600 0.1600
Resistance 1 (R1) 0.1600 0.1600 0.1600 0.1600 0.1600
Pivot Point 0.1600 0.1600 0.1600 0.1600 0.1600
Support 1 (S1) 0.1600 0.1600 0.1600 0.1600 0.1600
Support 2 (S2) 0.1600 0.1600 0.1600 0.1600
Support 3 (S3) 0.1600 0.1600 0.1600
Support 4 (S4) 0.1600