PRECISION DRILLING CORP (PDS) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:PDS • CA74022D4075
Taking everything into account, PDS scores 10 out of 10 in our technical rating. 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!
- Looking at the yearly performance, PDS did better than 92% of all other stocks.
- PDS is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 83% of 61 stocks in the same industry.
- A new 52 week high is currently being made by PDS, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month PDS has a been trading in the 70.00 - 84.30 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although PDS has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
62.46
We found 4 important support areas.
- Support @77.60 from a trend line in the daily time frame.
- A support zone ranging from 73.85 to 74.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 71.01 to 71.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @63.09 from a trend line in the weekly 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 | 92.37 | POSITIVE | PDS has a high relative strength, it outperformed 92.37% 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) | 75.05 | OVERBOUGHT | The high RSI value suggests PDS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.42 | POSITIVE | The MACD value suggests PDS has a positive trend. |
| Stochastics (14,3) | 90.03 | OVERBOUGHT | The high Stochastics value suggests PDS may be overbought. |
| Average True Range in percent/ATR (20) | 2.8 | MEDIUM VOLATILITY | The ATR as a percentage value for PDS suggests some volalility. |
| Average Directional Index/ADX (14) | 54.16 | POSITIVE | The high ADX value value for PDS suggests a strong trend. |
83.83
+1.98 (+2.42%)
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 75.0517. This indicates that the stock is currently overbought.
What is the MACD signal for PDS stock?
The MACD indicator for PRECISION DRILLING CORP (PDS) has a value of 0.423077, 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.