PATTERSON-UTI ENERGY INC (PTEN) Stock Technical Analysis
USA - NASDAQ:PTEN - US7034811015 - Common Stock
5.68 USD
+0.01 (+0.18%)
5.61 USD
-0.07 (-1.23%)
Taking everything into account, PTEN scores 2 out of 10 in our technical rating. In the past year, PTEN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
86% of all other stocks performed better in the past year than PTEN.
PTEN is part of the Energy Equipment & Services industry. There are 61 other stocks in this industry, of which 71% are performing better than PTEN.
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 8164730 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 5.10 - 6.04 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 very little resistance above the current price. There is a support zone below the current price at 5.66, a Stop Loss order could be placed below this zone.
More info and screens
5.12
7.59
We found 3 important support areas.
- A support zone ranging from 5.53 to 5.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.29 to 5.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.17 from a horizontal line in the daily time frame.
5 important resistance areas can be observed.
- Resistance @5.69 from a horizontal line in the weekly time frame.
- Resistance @5.83 from a trend line in the daily time frame.
- Resistance @5.94 from a horizontal line in the daily time frame.
- Resistance @6.22 from a trend line in the weekly time frame.
- Resistance @7.51 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 | 14.17 | NEGATIVE | PTEN has a low relative strength, it was outperformed by 85.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PTEN is above the rising 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) | DOWN | NEGATIVE | The current price of PTEN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.53 | NEUTRAL | The RSI value for PTEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests PTEN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50.62 | NEUTRAL | The Stochastics value for PTEN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.6 | MEDIUM VOLATILITY | The ATR as a percentage value for PTEN suggests some volalility. |
| Average Directional Index/ADX (14) | 11.14 | 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)
5.68
+0.01 (+0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg0.18%
1 Week-4.22%
2 Weeks9.65%
1 Month1.07%
3 Month-4.38%
6 Month-6.43%
12 Month-28.82%
2 Year-55.28%
3 Year-67.82%
5 Year121.88%
10 Year-61.85%
15 Year-70.74%
Volatility
ATR(14)0.27
ATR(20)%4.6%
ATR Inc6.55%
Range Today0.25
ADR(20)0.25
ADR(20)%4.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.17
Mansfield-2.55
10 Day High6.04
10 Day Low5.15
20 Day High6.04
20 Day Low5.1
52 Week High9.57
52 Week Low5.1
CS1 End5.66
CR1 Start5.69
Volume & EV
DER(3)2.76%
DER(5)-0.02%
Volume6.35M
Volume Incr-13.76%
Vol(5)7.64M
Vol(50)8.16M