PATTERSON-UTI ENERGY INC (PTEN) Technical Analysis
NASDAQ:PTEN • US7034811015
Current stock price
PTEN Technical Rating and Analysis
Taking everything into account, PTEN scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PTEN is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- PTEN is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so PTEN is leading the market.
- In the last month PTEN has a been trading in the 7.72 - 10.38 range, which is quite wide. It is currently trading near the high of this range.
- PTEN has an average volume of 11333600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, PTEN did better than 92% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- PTEN is part of the Energy Equipment & Services industry. There are 60 other stocks in this industry, PTEN did better than 67% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
PTEN Weekly and Daily overview Charts
PTEN Setup Rating and Analysis
Although PTEN has an excellent technical rating, it does not present a decent entry opportunity 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
PTEN Support and Resistance Analysis
5.24
2 important support areas can be observed.
- A support zone ranging from 8.80 to 8.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @5.29 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The short term trend for PTEN is up. |
| ChartMill Relative Strength | 92.25 | POSITIVE | PTEN has a high relative strength, it outperformed 92.25% 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) | UP | POSITIVE | The current price of PTEN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 84.42 | OVERBOUGHT | The high RSI value suggests PTEN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests PTEN has a positive trend. |
| Stochastics (14,3) | 95.2 | OVERBOUGHT | The high Stochastics value suggests PTEN may be overbought. |
| Average True Range in percent/ATR (20) | 4.06 | MEDIUM VOLATILITY | The ATR as a percentage value for PTEN suggests some volalility. |
| Average Directional Index/ADX (14) | 41.06 | POSITIVE | The high ADX value value for PTEN suggests a strong trend. |
PTEN Chart- and CandleStick Pattern Analysis
PTEN Technicals: Chart, Performance Metrics, Trend & Indicators
10.29
+0.44 (+4.47%)
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 PTEN stock?
PATTERSON-UTI ENERGY INC (PTEN) has an RSI value of 84.4199. This indicates that the stock is currently overbought.
What is the short term momentum for PTEN stock?
The short term momentum for PATTERSON-UTI ENERGY INC (PTEN) is positive.
What are the support and resistance levels for PATTERSON-UTI ENERGY INC (PTEN) stock?
PATTERSON-UTI ENERGY INC (PTEN) has a support level at 8.91. Check the full technical report for our detailed analysis of PTEN support and resistance levels.