PATTERSON-UTI ENERGY INC (PTEN) Technical Analysis
NASDAQ:PTEN • US7034811015
Current stock price
PTEN Technical Rating and Analysis
Overall PTEN gets a technical rating of 9 out of 10. In the last year, PTEN was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month PTEN has a been trading in the 9.36 - 11.75 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, PTEN did better than 89% of all other stocks. We also observe that the gains produced by PTEN over the past year are nicely spread over this period.
- PTEN 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 PTEN is lagging the market slightly.
- PTEN has an average volume of 11257100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- PTEN is an average performer in the Energy Equipment & Services industry, it outperforms 55% of 61 stocks in the same industry.
PTEN Weekly and Daily overview Charts
PTEN Setup Rating and Analysis
PTEN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 9.91, a Stop Loss order could be placed below this zone.
More info and screens
PTEN Support and Resistance Analysis
5.24
We found 2 important support areas.
- A support zone ranging from 9.87 to 9.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.29 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.37 to 11.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
PTEN 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.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for PTEN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PTEN is neutral. |
| ChartMill Relative Strength | 89.53 | POSITIVE | PTEN has a high relative strength, it outperformed 89.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PTEN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PTEN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PTEN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.63 | NEUTRAL | The RSI value for PTEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests PTEN has a negative trend. |
| Stochastics (14,3) | 31.94 | NEUTRAL | The Stochastics value for PTEN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.67 | HIGH VOLATILITY | The high ATR as a percentage value for PTEN suggests high volalility. |
| Average Directional Index/ADX (14) | 29.41 | POSITIVE | The high ADX value value for PTEN suggests a strong trend. |
PTEN Chart- and CandleStick Pattern Analysis
PTEN 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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.38 | 9.86 | 0.52 (4.97%) | 20.11% |
| An entry @10.38. This is a Buy Stop order right above the 10 day moving average. | An exit @9.86. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.52 points, which is 4.97%. | When investing 20.11% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of PTEN. Please evaluate whether better entry and exit points can be found.
- 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.
PTEN Technicals: Chart, Performance Metrics, Trend & Indicators
9.92
+0.04 (+0.4%)
PATTERSON-UTI ENERGY INC / PTEN TA FAQ
Can you provide the ChartMill technical rating for PATTERSON-UTI ENERGY INC?
ChartMill assigns a technical rating of 9 / 10 to PTEN.
What is the current trend direction of PATTERSON-UTI ENERGY INC (PTEN) stock?
The current trend direction for PATTERSON-UTI ENERGY INC (PTEN) is Bullish.
What is the RSI signal for PATTERSON-UTI ENERGY INC (PTEN) stock?
PATTERSON-UTI ENERGY INC (PTEN) has an RSI value of 46.6315. This indicates that the stock is currently neutral.
What is the support and resistance level for PTEN stock?
PATTERSON-UTI ENERGY INC (PTEN) has a support level at 9.91 and a resistance level at 11.37. Check the full technical report for our detailed analysis of PTEN support and resistance levels.