PRECISION DRILLING CORP (PDS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PDS - CA74022D4075 - Common Stock
Overall PDS gets a technical rating of 9 out of 10. 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.
PDS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
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52.79
4 important support areas can be observed.
- A support zone ranging from 66.31 to 67.15. 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 59.70 to 59.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @56.94 from a trend line in the daily time frame.
- Support @53.32 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 69.02 to 69.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @70.92 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 | 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 | 81.11 | POSITIVE | PDS has a high relative strength, it outperformed 81.11% 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) | 61.22 | NEUTRAL | The RSI value for PDS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests PDS has a negative trend. |
| Stochastics (14,3) | 70.54 | NEUTRAL | The Stochastics value for PDS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for PDS suggests some volalility. |
| Average Directional Index/ADX (14) | 41.47 | POSITIVE | The high ADX value value for PDS suggests a strong trend. |
68.3
-1.46 (-2.09%)
PRECISION DRILLING CORP / PDS FAQ
Can you provide the ChartMill technical rating for PRECISION DRILLING CORP?
ChartMill assigns a technical rating of 9 / 10 to PDS.
What is the current trend direction of PRECISION DRILLING CORP (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 61.218. This indicates that the stock is currently neutral.
What is the MACD signal for PRECISION DRILLING CORP (PDS) stock?
The MACD indicator for PRECISION DRILLING CORP (PDS) has a value of -0.119101, indicating a bearish trend.
Can you provide the support and resistance levels for PRECISION DRILLING CORP?
PRECISION DRILLING CORP (PDS) has a support level at 67.15 and a resistance level at 69.02. Check the full technical report for our detailed analysis of PDS support and resistance levels.