NESR Stage 2 Uptrend Intact, Bullish Setup near Highs

Posted on by Eben@CANSLIM Research
NESR daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY — CANSLIM Research

NESR is advancing in a Stage 2 uptrend, with price holding above a rising 30-week moving average and all key trend-template checks passing except for the relative strength line. The stock sits just 3.3% below its 52-week high, forming a shallow one-week base with a pivot at $36.01.

Market focus is on the constructive price action near highs, supported by a 405% gain above the 52-week low and a bullish sentiment score of 5. While no formal breakout or VCP has triggered yet, the offensive setup suggests continued upward momentum.

As of 2026-08-12 · Close $34.82

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 9.67%)

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