Investors are not gushing over shares of oil services companies.

Diamond Offshore (DO - Get Report) , Noble Corp. (NE - Get Report) , Transocean (RIG - Get Report) and Tidewater (TDW - Get Report) continue to trade significantly below their late-2008 or early-2009 lows. McDermott (MDR - Get Report) is above its post-crash low but the stock trades below $5.

This is at a time when crude oil is above its post-crash low of $33.20 per barre, set in January 2009. So far this year, oil traded as low as $37.75 on Aug, 24. If crude oil continues to decline, it could be recovery time for these oil services stocks. But will it?

Here's the weekly chart for Diamond Offshore.


Courtesy of MetaStock Xenith

Diamond Offshore closed at $21.88 on Thursday, up 26.5% so far in the fourth quarter but down 40.4% year to date. The stock is in bear market territory, 45.3% below its Dec. 23, 2014, high of $40. The stock set its 2015 low of $16.52 on Oct. 2.

Diamond Offshore has a positive weekly chart with the stock above its key weekly moving average of $21.31. The weekly momentum reading is projected to rise to 55.64 this week up from 48.55 on Nov. 13.

Investors looking to buy Diamond Offshore should place a good till canceled limit order to purchase the stock if it drops to $18.27, which is a key level on technical charts until the end of November. Investors looking to reduce holdings should place a good till canceled limit order to sell the stock if it rises to $36.20, which is a key level on technical charts until the end of 2015.

Here's the weekly chart for McDermott.


Courtesy of MetaStock Xenith

McDermott closed at $4.61 Thursday, up 7.2% so far in the fourth quarter and up 58.4% year to date, but in bear market territory 23.2% below its Nov. 11 high of $6.

McDermott will have a negative weekly chart if the stock closes Friday below its key weekly moving average of $5.03. Its weekly momentum reading is projected to decline to 78.16 this week down from 82.10 on Nov. 13, moving below the overbought threshold of 80.00.

Investors looking to buy McDermott should place a good till canceled limit order to purchase the stock if it drops to $4.01, which is a key level on technical charts until the end of 2015.

Investors looking to reduce holdings should place a good till canceled limit order to sell the stock if it rises to $7.03, which is a key level on technical charts until the end of November.

Here's the weekly chart for Noble Corp.


Courtesy of MetaStock Xenith

Noble's close of $13.36 Thursday put it up 22.5% so far in the fourth quarter but down 19.4% year to date. It's in bear market territory, 38.2% below its Nov. 21, 2014 high of $21.61.

Noble has a neutral weekly chart with the stock above its key weekly moving average of $12.91, but with weekly momentum projected to decline to 69.03 down from 69.83 on Nov. 13.

Investors looking to buy Noble should place a good till canceled limit order to purchase the stock if it drops to $11.48, which is a key level on technical charts until the end of November. Investors looking to reduce holdings should place a good till canceled limit order to sell the stock if it rises to $22.63, which is a key level on technical charts until the end of 2015.

Here's the weekly chart for Transocean.


Courtesy of MetaStock Xenith

Transocean had a close of $14.17 on Thursday, up 9.7% so far this quarter and down 22.7% year to date and in bear market territory 46.8% below its Nov. 18, 2014 high of $26.66.

Transocean has a negative weekly chart with the stock below its key weekly moving average of $14.77 and with its weekly momentum reading projected to decline to 62.46 this week down from 67.69 on Nov. 13.

Investors looking to buy Transocean should place a good till canceled limit order to purchase the stock if it drops to $9.44, which is a key level on technical charts until the end of 2015. Investors looking to reduce holdings should place a good till canceled limit order to sell the stock if it rises to $21.12, which is a key level on technical charts until the end of 2015.

Here's the weekly chart for Tidewater.


Courtesy of MetaStock Xenith

Tidewater closed at $9.18 Thursday, down 30.1% so far in the fourth quarter and down 71.7% year to date. The stock is in bear market territory 76.7% below its Nov. 24, 2014 high of $39.40.

Tidewater has a negative but oversold weekly chart with the stock below its key weekly moving average of $12.76. Its weekly momentum reading is projected to decline to 14.70 down from 18.38 on Nov. 13, both readings well below the oversold threshold of 20.00.

Investors looking to buy Tidewater should place a good till canceled limit order to purchase the stock if it drops to $8.11, which is a key level on technical charts until the end of 2015. Investors looking to reduce holdings should place a good till canceled limit order to sell the stock if it rises to $34.72, which is a key level on technical charts until the end of 2015.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.