PRECISION DRILLING CORP (PDS) Stock Technical Analysis
NYSE:PDS - New York Stock Exchange, Inc. - CA74022D4075 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to PDS. PDS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
87% of all other stocks performed better in the past year than PDS.
PDS 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 PDS is lagging the market.
In the last month PDS has a been trading in the 39.67 - 45.85 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
PDS is an average performer in the Energy Equipment & Services industry, it outperforms 51% of 63 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
PDS has a bad technical rating, but it does show a decent setup pattern. 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 44.33. Right above this resistance zone may be a good entry point.
More info and screens
40.76
67.76
We found 1 important support area.
- Support @41.17 from a trend line in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 44.33 to 45.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @57.84 from a trend line in the daily time frame.
- Resistance @59.52 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 | DOWN | NEGATIVE | The long term trend for PDS is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PDS is neutral. |
| ChartMill Relative Strength | 13 | NEGATIVE | PDS has a low relative strength, it was outperformed by 87% 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) | DOWN | NEGATIVE | The current price of PDS is below a declining 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) | 50.92 | NEUTRAL | The RSI value for PDS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests PDS has a positive trend. |
| Stochastics (14,3) | 47.11 | NEUTRAL | The Stochastics value for PDS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.1 | MEDIUM VOLATILITY | The ATR as a percentage value for PDS suggests some volalility. |
| Average Directional Index/ADX (14) | 10.88 | NEGATIVE | The low ADX value for PDS 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)
43.06
+0.07 (+0.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg0.16%
1 Week4.9%
2 Weeks-1.8%
1 Month0.12%
3 Month-13.5%
6 Month-31.83%
12 Month-42.25%
2 Year2.35%
3 Year-44.6%
5 Year294.76%
10 Year-67.43%
15 Year-68.84%
Volatility
ATR(14)1.27
ATR(20)%3.1%
ATR Inc-44.71%
Range Today0.96
ADR(20)1.13
ADR(20)%2.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13
Mansfield-2.91
10 Day High43.8
10 Day Low40.39
20 Day High45.85
20 Day Low39.67
52 Week High79.07
52 Week Low36.2
CS1 End41.17
CR1 Start44.33
Volume & EV
DER(3)-0.05%
DER(5)1.63%
Volume102.90K
Volume Incr-19.34%
Vol(5)76.90K
Vol(50)137.29K