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. Recently some decent action could be observed, but in the medium term time frame this is still negative. PDS was also a bad performer in the overall market in the last year.
82% of all other stocks performed better in the past year than PDS.
PDS is one of the lesser performing stocks in the Energy Equipment & Services industry. 62% of 62 stocks in the same industry do 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 45.97 - 52.31 range, which is quite wide. It is currently trading near the high of this range.
PDS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PDS is lagging the market.
Although the technical rating is only medium, PDS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 51.15. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 48.64, a Stop Loss order could be placed below this zone.
More info and screens
43.17
66.04
4 important support areas can be observed.
- A support zone ranging from 47.16 to 48.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 46.10 to 46.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @44.86 from a trend line in the weekly time frame.
- Support @43.61 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 51.15 to 51.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @57.67 from a trend line in the weekly time frame.
- Resistance @65.39 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 | 18.26 | NEGATIVE | PDS has a low relative strength, it was outperformed by 81.74% 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) | 58.61 | NEUTRAL | The RSI value for PDS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests PDS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.06 | NEUTRAL | The Stochastics value for PDS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for PDS suggests some volalility. |
| Average Directional Index/ADX (14) | 24.49 | NEUTRAL | The ADX value for PDS suggests a possible start of a new 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)
50.65
-0.57 (-1.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-1.11%
1 Week0.24%
2 Weeks7.74%
1 Month0.16%
3 Month19.12%
6 Month-21.78%
12 Month-29.72%
2 Year-23.79%
3 Year-25.7%
5 Year302.05%
10 Year-50.25%
15 Year-66.46%
Volatility
ATR(14)1.66
ATR(20)%3.13%
ATR Inc-48.84%
Range Today0.71
ADR(20)1.56
ADR(20)%3.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.26
Mansfield-1.72
10 Day High52.32
10 Day Low46.44
20 Day High52.32
20 Day Low45.97
52 Week High79.07
52 Week Low36.2
CS1 End48.64
CR1 Start51.15
Volume & EV
DER(3)0.78%
DER(5)1.78%
Volume47.00K
Volume Incr-33.88%
Vol(5)79.54K
Vol(50)101.79K