Technical Analysis for PDS - Precision Drilling Corporation

Grade Last Price % Change Price Change
B 72.78 0.55% 0.40
PDS closed up 0.55 percent on Tuesday, May 7, 2024, on 62 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
Earnings due: May 16
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Stochastic Reached Overbought Strength 0.00%
Inside Day Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
Shooting Star Candlestick Bearish 0.55%
MACD Bullish Signal Line Cross Bullish 0.55%
Gapped Up Strength 0.55%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 14 hours ago
Possible Inside Day about 14 hours ago
Up 1% about 15 hours ago
60 Minute Opening Range Breakout about 16 hours ago
Up 1 ATR 1 day ago

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Profile

Precision Drilling Corporation Description

Precision Drilling Corporation provides oil and natural gas drilling and drilling-related services and products to oil and natural gas exploration and production companies in North America. Its Contract Drilling Services segment offers land drilling, directional drilling, and turnkey drilling services; trucking services for the movement of precision rigs; and procures and distributes oilfield supplies, as well as manufactures, refurbishes, and sells drilling and service rig equipment. As of December 31, 2012, this segment operated 321 land drilling rigs, including 186 in Canada; 127 in the United States; 3 in Saudi Arabia; and 5 in Mexico. The company's Completion and Production Services segment offers service rigs for well completion, workover, abandonment, maintenance, and re-entry preparation services; snubbing units and coil tubing units for pressure control services; camp and catering services; and water system services, as well as is involved in the rental of oilfield surface equipment, wellsite accommodations, small-flow wastewater treatment facilities, power generation equipment, and solids control equipment. As of December 31, 2012, this segment operated 190 well completion and workover service rigs, 19 snubbing units, and 5 coil tubing units in Canada and the United States; 243 wellsite accommodation units in Canada; 61 wellsite accommodation units in the United States; 8 large-flow wastewater treatment units and 6 potable water production units in Canada; and 50 drilling camps and 3 base camps in Canada and 4 drilling camps in the United States, as well as provided approximately 3,800 oilfield rental items including surface storage, small-flow wastewater treatment, power generation, and solids control equipment and solids. Precision Drilling Corporation was founded in 1951 and is headquartered in Calgary, Canada.


Classification

Sector: Energy
Industry: Oil & Gas Drilling
Keywords: Petroleum Industry Petroleum Production Oil Wells Gas Exploration Drilling Rig Wastewater Treatment Precision Drilling Natural Gas Exploration Petroleum Engineering Drilling Services Workover Contract Drilling Services Control Services Coiled Tubing Directional Drilling Power Generation Equipment Preparation Services Natural Gas Drilling CopiapĆ³ Mining Accident Pressure Control Services Rig Equipment Service Rigs Snubbing

Is PDS a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 77.21
52 Week Low 41.56
Average Volume 73,192
200-Day Moving Average 62.54
50-Day Moving Average 67.58
20-Day Moving Average 70.03
10-Day Moving Average 70.76
Average True Range 2.44
RSI (14) 58.85
ADX 15.64
+DI 27.97
-DI 23.31
Chandelier Exit (Long, 3 ATRs) 69.88
Chandelier Exit (Short, 3 ATRs) 71.51
Upper Bollinger Bands 74.97
Lower Bollinger Band 65.10
Percent B (%b) 0.78
BandWidth 14.09
MACD Line 0.93
MACD Signal Line 0.81
MACD Histogram 0.1207
Fundamentals Value
Market Cap 1.04 Billion
Num Shares 14.3 Million
EPS 14.51
Price-to-Earnings (P/E) Ratio 5.02
Price-to-Sales 0.47
Price-to-Book 0.78
PEG Ratio 0.40
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 74.53
Resistance 3 (R3) 74.57 74.04 74.24
Resistance 2 (R2) 74.04 73.59 74.01 74.14
Resistance 1 (R1) 73.41 73.32 73.72 73.36 74.04
Pivot Point 72.87 72.87 73.03 72.85 72.87
Support 1 (S1) 72.24 72.43 72.56 72.20 71.52
Support 2 (S2) 71.71 72.15 71.68 71.42
Support 3 (S3) 71.08 71.71 71.32
Support 4 (S4) 71.03