PRECISION DRILLING CORP (PDS)

CA74022D4075 - Common Stock

71.9  +0.96 (+1.35%)

After market: 71.9 0 (0%)

Technical Rating and Analysis

10

Overall PDS gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PDS is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, PDS did better than 89% of all other stocks.
PDS is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 76% of 65 stocks in the same industry.
PDS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PDS is lagging the market slightly.
In the last month PDS has a been trading in the 64.18 - 74.62 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.

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Weekly and Daily overview Charts
PDS Weekly chart
PDS Daily chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, PDS also presents 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 75.11. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 69.54, a Stop Loss order could be placed below this zone.

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Support and Resistance Analysis

59.12

77.29

We found 3 important support areas.

  • A support zone ranging from 68.23 to 69.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 65.83 to 66.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @59.72 from a trend line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 75.11 to 76.52. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.87
Mansfield0.43
10 Day High74.62
10 Day Low69.62
20 Day High74.62
20 Day Low64.18
52 Week High77.21
52 Week Low41.56
Performance
1 Week0.49%
2 Weeks1.1%
1 Month7.6%
3 Month14.02%
6 Month20.4%
12 Month54.92%
2 Year-7.49%
3 Year127.1%
5 Year98.62%
10 Year-72.26%
15 Year-38.65%

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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)

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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)
Technical Indicators
MACD(12,26,9)-0.14
RSI(14)54.46
LBB68.81
UBB74.1

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Example Setup

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.

ENTRYEXITDISTANCECAPITAL
74.6369.615.02 (6.73%)14.87%
An entry @74.63. This is a Buy Stop order right above the 10 day high.An exit @69.61. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 5.02 points, which is 6.73%.For a 1.00% total portfolio risk, you can invest 14.87% of your capital in this trade.

  • 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.

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PDS Daily chart

PRECISION DRILLING CORP

NYSE:PDS (5/17/2024, 7:19:16 PM)

After market: 71.9 0 (0%)

71.9

+0.96 (+1.35%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg1.35%
1 Week0.49%
2 Weeks1.1%
1 Month7.6%
3 Month14.02%
6 Month20.4%
12 Month54.92%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.89
ATR(20)%3.2%
ATR Inc
Range Today1.4
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High74.62
10 Day Low69.62
20 Day High74.62
20 Day Low64.18
52 Week High77.21
52 Week Low41.56
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume43.00K
Volume Incr-49.14%
Vol(5)46.52K
Vol(50)73.61K