PRECISION DRILLING CORP (PDS) Stock Technical Analysis
NYSE:PDS - New York Stock Exchange, Inc. - CA74022D4075 - Common Stock - Currency: USD
Overall PDS gets a technical rating of 5 out of 10. In the past year, PDS 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, PDS is a bad performer in the overall market: 72% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month PDS has a been trading in the 40.39 - 52.07 range, which is quite wide. It is currently trading near the high of this range.
PDS is part of the Energy Equipment & Services industry. There are 63 other stocks in this industry, PDS did better than 58% of them.
PDS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PDS is lagging the market slightly.
PDS has an average technical rating and the quality of the presented setup is also not ideal 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
41.97
67.76
3 important support areas can be observed.
- A support zone ranging from 50.16 to 50.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 43.72 to 44.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @42.39 from a trend line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 51.15 to 51.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @58.59 from a trend line in the weekly time frame.
- Resistance @65.39 from a horizontal line in the daily time frame.
- Resistance @67.09 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for PDS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PDS is up. |
| ChartMill Relative Strength | 28.38 | NEGATIVE | PDS has a low relative strength, it was outperformed by 71.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PDS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PDS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PDS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.6 | NEUTRAL | The RSI value for PDS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests PDS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.82 | OVERBOUGHT | The high Stochastics value suggests PDS may be overbought. |
| Average True Range in percent/ATR (20) | 2.92 | MEDIUM VOLATILITY | The ATR as a percentage value for PDS suggests some volalility. |
| Average Directional Index/ADX (14) | 32.64 | POSITIVE | The high ADX value value for PDS suggests a strong 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)
50.54
-0.52 (-1.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-1.02%
1 Week1.16%
2 Weeks9.2%
1 Month21.96%
3 Month12.36%
6 Month-10.68%
12 Month-24.08%
2 Year3.67%
3 Year-21.06%
5 Year232.98%
10 Year-62.4%
15 Year-61.94%
Volatility
ATR(14)1.66
ATR(20)%2.92%
ATR Inc-21.77%
Range Today0.95
ADR(20)1.39
ADR(20)%2.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.38
Mansfield-1.57
10 Day High52.07
10 Day Low46.73
20 Day High52.07
20 Day Low40.39
52 Week High79.07
52 Week Low36.2
CS1 End50.53
CR1 Start51.15
Volume & EV
DER(3)-0.79%
DER(5)0.46%
Volume100.60K
Volume Incr58.17%
Vol(5)142.16K
Vol(50)116.48K