PATTERSON-UTI ENERGY INC (PTEN)
US7034811015 - Common Stock
We assign a technical rating of 0 out of 10 to PTEN. PTEN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, PTEN is a bad performer in the overall market: 79% of all stocks are doing better.
PTEN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
PTEN has an average volume of 9252450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PTEN is an average performer in the Energy Equipment & Services industry, it outperforms 41% of 59 stocks in the same industry.
In the last month PTEN has a been trading in the 7.15 - 8.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PTEN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 7.98. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for PTEN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
7.18
8.80
2 important support areas can be observed.
- Support @7.41 from a horizontal line in the weekly time frame.
- Support @7.25 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 7.98 to 8.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 8.43 to 8.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.33
Mansfield-2.92
10 Day High7.84
10 Day Low7.15
20 Day High8.65
20 Day Low7.15
52 Week High12.65
52 Week Low7.15
Performance
1 Week7.71%
2 Weeks0.13%
1 Month-6.24%
3 Month2.62%
6 Month-24.52%
12 Month-27.59%
2 Year-53.56%
3 Year-7.46%
5 Year-25.52%
10 Year-52.86%
15 Year-49.06%
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)0.01
RSI(14)49.97
LBB7.22
UBB7.97
PATTERSON-UTI ENERGY INC
NASDAQ:PTEN (12/26/2024, 6:31:17 PM)
After market: 7.72 -0.1 (-1.28%)7.82
+0.14 (+1.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg1.82%
1 Week7.71%
2 Weeks0.13%
1 Month-6.24%
3 Month2.62%
6 Month-24.52%
12 Month-27.59%
2 Year-53.56%
3 Year-7.46%
5 Year-25.52%
10 Year-52.86%
15 Year-49.06%
Volatility
ATR(14)0.36
ATR(20)%4.27%
ATR Inc-9.14%
Range Today0.36
ADR(20)0.32
ADR(20)%4.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.33
Mansfield-2.92
10 Day High7.84
10 Day Low7.15
20 Day High8.65
20 Day Low7.15
52 Week High12.65
52 Week Low7.15
CS1 End7.41
CR1 Start7.98
Volume & EV
DER(3)3.49%
DER(5)4.49%
Volume6.49M
Volume Incr63.36%
Vol(5)13.04M
Vol(50)9.25M