PATTERSON-UTI ENERGY INC (PTEN)
US7034811015 - Common Stock
We assign a technical rating of 2 out of 10 to PTEN. In the past year, PTEN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, PTEN is a bad performer in the overall market: 87% of all stocks are doing better.
PTEN is part of the Energy Equipment & Services industry. There are 60 other stocks in this industry, of which 74% are performing better than PTEN.
PTEN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
PTEN has an average volume of 8451480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month PTEN has a been trading in the 7.38 - 8.76 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, PTEN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
7.34
12.53
When analyzing the support we notice one important area.
- A support zone ranging from 7.41 to 7.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 8.37 to 8.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.71 from a horizontal line in the daily time frame.
- Resistance @9.04 from a trend line in the weekly time frame.
- Resistance @9.46 from a trend line in the daily time frame.
- Resistance @12.41 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.94
Mansfield-2.74
10 Day High8.76
10 Day Low8.01
20 Day High8.76
20 Day Low7.38
52 Week High12.65
52 Week Low7.38
Performance
1 Week1.21%
2 Weeks-0.48%
1 Month4.89%
3 Month-10.2%
6 Month-22.59%
12 Month-30.16%
2 Year-53.43%
3 Year18.41%
5 Year-6.49%
10 Year-52.74%
15 Year-45.68%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.02
RSI(14)54.25
LBB7.66
UBB8.79
PATTERSON-UTI ENERGY INC
NASDAQ:PTEN (11/21/2024, 8:00:01 PM)
Premarket: 8.34 -0.02 (-0.24%)8.36
+0.23 (+2.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg2.83%
1 Week1.21%
2 Weeks-0.48%
1 Month4.89%
3 Month-10.2%
6 Month-22.59%
12 Month-30.16%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.36
ATR(20)%4.11%
ATR Inc
Range Today0.28
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High8.76
10 Day Low8.01
20 Day High8.76
20 Day Low7.38
52 Week High12.65
52 Week Low7.38
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume6.04M
Volume Incr-42.25%
Vol(5)5.78M
Vol(50)8.45M