PATTERSON-UTI ENERGY INC (PTEN) Stock Technical Analysis
USA - NASDAQ:PTEN - US7034811015 - Common Stock
5.49 USD
+0.1 (+1.86%)
5.54 USD
+0.05 (+0.91%)
Taking everything into account, PTEN scores 0 out of 10 in our technical rating. PTEN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
89% of all other stocks performed better in the past year than PTEN.
PTEN is one of the lesser performing stocks in the Energy Equipment & Services industry. 76% of 61 stocks in the same industry do better.
PTEN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
PTEN has an average volume of 8529140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month PTEN has a been trading in the 5.24 - 5.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, PTEN does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 5.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.34, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PTEN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
5.23
7.73
We found 1 important support area.
- A support zone ranging from 5.28 to 5.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 5.52 to 5.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 5.67 to 5.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.45 from a trend line in the weekly time frame.
- Resistance @7.65 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 | DOWN | NEGATIVE | The long term trend for PTEN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PTEN is neutral. |
| ChartMill Relative Strength | 11.46 | NEGATIVE | PTEN has a low relative strength, it was outperformed by 88.54% 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) | DOWN | NEGATIVE | The current price of PTEN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PTEN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.25 | NEUTRAL | The RSI value for PTEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests PTEN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.24 | NEUTRAL | The Stochastics value for PTEN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.56 | MEDIUM VOLATILITY | The ATR as a percentage value for PTEN suggests some volalility. |
| Average Directional Index/ADX (14) | 10.28 | NEGATIVE | The low ADX value for PTEN 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)
5.49
+0.1 (+1.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg1.86%
1 Week-2.31%
2 Weeks-0.18%
1 Month-4.69%
3 Month-7.11%
6 Month-32.97%
12 Month-27.95%
2 Year-60.33%
3 Year-53%
5 Year92.63%
10 Year-58.22%
15 Year-67.86%
Volatility
ATR(14)0.27
ATR(20)%4.56%
ATR Inc9.93%
Range Today0.34
ADR(20)0.24
ADR(20)%4.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.46
Mansfield-3.01
10 Day High5.75
10 Day Low5.24
20 Day High5.88
20 Day Low5.24
52 Week High9.57
52 Week Low5.12
CS1 End5.34
CR1 Start5.52
Volume & EV
DER(3)4.97%
DER(5)3.72%
Volume8.81M
Volume Incr16.89%
Vol(5)9.15M
Vol(50)8.53M