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PARKER DRILLING CO (PKD) Stock Technical Analysis

USA - New York Stock Exchange - NYSE:PKD -

14.66
-0.34 (-2.27%)
Last: 2/7/2020, 8:12:36 PM
14.66
0 (0%)
After Hours: 2/7/2020, 8:12:36 PM
Technical Rating and Analysis

2

Overall PKD gets a technical rating of 2 out of 10. Although PKD is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

In the last month PKD has a been trading in the 13.67 - 19.75 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Looking at the yearly performance, PKD did better than 99% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
PKD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PKD is lagging the market.

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Weekly and Daily overview Charts
PARKER DRILLING CO / PKD Weekly stock chart
PARKER DRILLING CO / PKD Daily stock chart
Setup Rating and Analysis

2

The technical rating of PKD is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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Support and Resistance Analysis

14.51

22.68

We found 1 important resistance area.

  • Resistance @22.46 from a trend line in the daily time frame.

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Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorNEUTRALNEUTRALThe long term trend for PKD is neutral.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for PKD is down.
ChartMill Relative Strength99.45POSITIVEPKD has a high relative strength, it outperformed 99.45% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of PKD is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of PKD is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of PKD is below a declining SMA(200).
Relative Strength Index/RSI (14)23.81OVERSOLDThe low RSI value suggests PKD may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.29NEGATIVEThe MACD value suggests PKD has a negative trend.
Stochastics (14,3)14.58OVERSOLDThe low Stochastics value suggests PKD may be oversold.
Average True Range in percent/ATR (20)5.89HIGH VOLATILITYThe high ATR as a percentage value for PKD suggests high volalility.
Chart- and CandleStick Pattern Analysis
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)

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PARKER DRILLING CO / PKD Daily stock chart

PARKER DRILLING CO

NYSE:PKD (2/7/2020, 8:12:36 PM)

After market: 14.66 0 (0%)

14.66

-0.34 (-2.27%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.27%
1 Week-12.84%
2 Weeks-20.5%
1 Month-25.24%
3 Month-28.1%
6 Month26.82%
12 Month442.96%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.75
ATR(20)%5.89%
ATR Inc134.79%
Range Today1.27
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.45
3 months CRSN/A
6 months CRSN/A
Mansfield-1.9
10 Day High18.68
10 Day Low13.67
20 Day High19.75
20 Day Low13.67
52 Week High24.09
52 Week Low0.35
CS1 EndN/A
CR1 Start22.46
Volume & EV
DER(3)-7.31%
DER(5)-4.02%
Volume2.03M
Volume Incr1013.87%
Vol(5)462.76K
Vol(50)72.30K

PARKER DRILLING CO / PKD FAQ

What is the ChartMill technical rating of PARKER DRILLING CO (PKD) stock?

ChartMill assigns a technical rating of 1 / 10 to PKD.


What is the current trend direction of PARKER DRILLING CO (PKD) stock?

The current trend direction for PARKER DRILLING CO (PKD) is Bearish.


Can you provide the RSI signal for PARKER DRILLING CO?

PARKER DRILLING CO (PKD) has an RSI value of 23.8059. This indicates that the stock is currently oversold.


Can you provide the MACD signal for PARKER DRILLING CO?

The MACD indicator for PARKER DRILLING CO (PKD) has a value of -0.291684, indicating a bearish trend.