PRECISION DRILLING CORP (PDS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PDS - CA74022D4075 - Common Stock
We assign a technical rating of 10 out of 10 to PDS. Both in the recent history as in the last year, PDS has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that PDS is one of the better performing stocks in the market, outperforming 84% of all stocks.
- PDS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month PDS has a been trading in the 67.74 - 77.05 range, which is quite wide. It is currently trading near the high of this range.
- PDS is an average performer in the Energy Equipment & Services industry, it outperforms 67% of 62 stocks in the same industry.
Besides having an excellent technical rating, PDS also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 75.80. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
61.34
When analyzing the support we can see 3 important areas.
- A support zone ranging from 73.83 to 74.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 67.13 to 67.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 61.96 to 62.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 75.80 to 76.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for PDS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PDS is up. |
| ChartMill Relative Strength | 84.5 | POSITIVE | PDS has a high relative strength, it outperformed 84.5% 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) | UP | POSITIVE | The current price of PDS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.66 | NEUTRAL | The RSI value for PDS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests PDS has a positive trend. |
| Stochastics (14,3) | 78.29 | NEUTRAL | The Stochastics value for PDS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for PDS suggests some volalility. |
| Average Directional Index/ADX (14) | 49.47 | POSITIVE | The high ADX value value for PDS suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 76.66 | 73.82 | 2.84 (3.70%) | 25.00% |
| An entry @76.66. This is a Buy Stop order right above the resistance zone. | An exit @73.82. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.84 points, which is 3.70%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.93%. |
- The distance between exit and entry is rather small compared to the average daily movement of PDS. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
75.79
-0.86 (-1.12%)
PRECISION DRILLING CORP / PDS FAQ
Can you provide the ChartMill technical rating for PRECISION DRILLING CORP?
ChartMill assigns a technical rating of 10 / 10 to PDS.
What is the trend direction for PDS stock?
The current trend direction for PRECISION DRILLING CORP (PDS) is Bullish.
What is the RSI signal for PDS stock?
PRECISION DRILLING CORP (PDS) has an RSI value of 65.6613. This indicates that the stock is currently neutral.
What is the MACD signal for PDS stock?
The MACD indicator for PRECISION DRILLING CORP (PDS) has a value of 0.0837566, indicating a bearish trend.
Can you provide the short term momentum for PRECISION DRILLING CORP?
The short term momentum for PRECISION DRILLING CORP (PDS) is positive.