NESR Hits 52-Week High in Stage 2 Uptrend, All 8 Trend Checks Pass

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
Eben@CANSLIM Research's avatarEben@CANSLIM Research

NESR is trading at 36.31, marking a fresh 52-week high with no overhead resistance, as the stock advances in a Stage 2 uptrend. The price holds firmly above a rising 30-week moving average, and all eight technical trend-template checks are satisfied, confirming a strong bullish structure. With the stock up 427% from its 52-week low and sentiment labeled bullish, the market is focused on the continuation of this powerful advance despite the absence of a traditional base pattern.

Technical Analysis

As of 2026-08-14 · Close $36.31

Stage Analysis

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 9.89%)

Detected Patterns — What the Market Is Watching

  • No actionable pattern detected at this time.

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