6.21 USD
-0.14 (-2.2%)
6.29 USD
+0.08 (+1.29%)
We assign a technical rating of 6 out of 10 to PTEN. PTEN has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
69% 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. 72% of 60 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.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month PTEN has a been trading in the 5.24 - 6.61 range, which is quite wide. It is currently trading near the high of this range.
PTEN has an average volume of 8913380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PTEN has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
5.24
6.71
3 important support areas can be observed.
- A support zone ranging from 5.95 to 6.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.50 to 5.54. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 5.29 to 5.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @6.41 from a trend line in the daily time frame.
- A resistance zone ranging from 6.55 to 6.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for PTEN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PTEN is up. |
| ChartMill Relative Strength | 31.91 | NEUTRAL | PTEN is not amongst the best or worst performers 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 | MIXED | The current price of PTEN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.96 | NEUTRAL | The RSI value for PTEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests PTEN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.44 | NEUTRAL | The Stochastics value for PTEN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.54 | MEDIUM VOLATILITY | The ATR as a percentage value for PTEN suggests some volalility. |
| Average Directional Index/ADX (14) | 18.46 | 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)
6.21
-0.14 (-2.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-2.2%
1 Week-1.74%
2 Weeks6.88%
1 Month6.15%
3 Month12.09%
6 Month-4.9%
12 Month-19.56%
2 Year-42.5%
3 Year-63.12%
5 Year18.06%
10 Year-58.82%
15 Year-71.18%
Volatility
ATR(14)0.26
ATR(20)%4.54%
ATR Inc-13.45%
Range Today0.29
ADR(20)0.28
ADR(20)%4.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.91
3 months CRS83.84
6 months CRS22.57
Mansfield-1.58
10 Day High6.61
10 Day Low5.69
20 Day High6.61
20 Day Low5.24
52 Week High9.57
52 Week Low5.1
CS1 End6
CR1 Start6.41
Volume & EV
DER(3)1.4%
DER(5)1.78%
Volume5.73M
Volume Incr-15.21%
Vol(5)6.96M
Vol(50)8.91M
PATTERSON-UTI ENERGY INC / PTEN FAQ
What is the technical rating for PTEN stock?
ChartMill assigns a technical rating of 6 / 10 to PTEN.
What is the trend direction for PTEN stock?
The current trend direction for PATTERSON-UTI ENERGY INC (PTEN) is Bearish.
What is the RSI signal for PTEN stock?
PATTERSON-UTI ENERGY INC (PTEN) has an RSI value of 53.9612. This indicates that the stock is currently neutral.
What is the MACD signal for PATTERSON-UTI ENERGY INC (PTEN) stock?
The MACD indicator for PATTERSON-UTI ENERGY INC (PTEN) has a value of 0.0454973, indicating a bearish trend.