PRECISION DRILLING CORP (PD.CA) Stock Technical Analysis
TSX:PD - Toronto Stock Exchange - CA74022D4075 - Common Stock - Currency: CAD
Overall PD gets a technical rating of 2 out of 10. In the past year, PD 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.
When comparing the yearly performance of all stocks, PD is a bad performer in the overall market: 85% of all stocks are doing better.
PD is one of the lesser performing stocks in the Energy Equipment & Services industry. 78% of 29 stocks in the same industry do better.
PD is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PD is lagging the market.
In the last month PD has a been trading in the 56.04 - 66.15 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of PD is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
53.63
89.83
When analyzing the support we can see 4 important areas.
- A support zone ranging from 60.22 to 61.27. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @58.78 from a trend line in the daily time frame.
- A support zone ranging from 56.23 to 56.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @54.17 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 65.50 to 65.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @88.94 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for PD.CA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PD.CA is up. |
| ChartMill Relative Strength | 15.96 | NEGATIVE | PD.CA has a low relative strength, it was outperformed by 84.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PD.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PD.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PD.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.28 | NEUTRAL | The RSI value for PD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.77 | POSITIVE | The MACD value suggests PD.CA has a positive trend. |
| Stochastics (14,3) | 85.84 | OVERBOUGHT | The high Stochastics value suggests PD.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.98 | MEDIUM VOLATILITY | The ATR as a percentage value for PD.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 17.9 | NEGATIVE | The low ADX value for PD.CA suggests a weak or negative trend. |
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)
TSX:PD (6/6/2025, 7:00:00 PM)
65.49
+2.23 (+3.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg3.53%
1 Week10.42%
2 Weeks12.86%
1 Month14.67%
3 Month-1.73%
6 Month-21.58%
12 Month-28.61%
2 Year1.27%
3 Year-20.82%
5 Year217.91%
10 Year-61.02%
15 Year-53.62%
Volatility
ATR(14)1.87
ATR(20)%2.98%
ATR Inc18.14%
Range Today2.67
ADR(20)1.75
ADR(20)%2.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.96
Mansfield-2.33
10 Day High66.15
10 Day Low57.19
20 Day High66.15
20 Day Low56.04
52 Week High109.2
52 Week Low51.38
CS1 End61.27
CR1 Start65.5
Volume & EV
DER(3)8.46%
DER(5)7.27%
Volume84.39K
Volume Incr13.21%
Vol(5)92.28K
Vol(50)128.40K