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Nabors Industries Triggers MACD Death Cross and KDJ Death Cross on 15min Chart.
ByAinvest
Thursday, Sep 18, 2025 2:05 pm ET1min read
Nabors Industries' 15-minute chart has triggered a MACD Death Cross, KDJ Death Cross, and Bearish Marubozu at 09/18/2025 14:00. This indicates that the stock price has the potential to continue declining, with momentum shifting towards the downside and a likelihood of further decreases. Sellers are currently in control of the market, and bearish momentum is likely to persist.
Nabors Energy Transition Corp. II (NETD), a special purpose acquisition company (SPAC) focused on energy transition technologies, has extended its deadline to complete its business combination with e2Companies LLC [1]. The new deadline is October 18, 2025, a one-month extension from the previously announced September 18, 2025, date. This extension allows the company additional time to finalize the merger, which has been a subject of interest for investors and analysts.The extension is facilitated by a $250,000 non-interest-bearing loan deposited into NETD's trust account by Nabors Lux, an affiliate of the company's sponsor. This loan can be repaid from trust proceeds upon successful business combination completion or converted into warrants at $1.00 per warrant [1].
In addition to the extended deadline, market indicators suggest a bearish trend for NETD's stock. As of September 18, 2025, 14:00, the 15-minute chart of Nabors Industries' stock triggered a MACD Death Cross, KDJ Death Cross, and Bearish Marubozu. These technical indicators signal a potential continuation of the stock's decline, with momentum shifting towards the downside. Sellers are currently in control of the market, indicating a likelihood of further decreases .
The stock's current price is $11.25, and its market capitalization is approximately $240.0M . Despite the challenges, investors should closely monitor the progress of the business combination and the company's strategic developments in the energy transition sector.
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