Technical Analysis for PDS - Precision Drilling Corporation

Grade Last Price % Change Price Change
B 67.81 3.01% 1.98
PDS closed down 1.48 percent on Monday, April 22, 2024, on 1.59 times normal volume. It was able to find support at its 50 day moving average. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
Earnings due: Apr 24
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Down

Date Alert Name Type % Chg
50 DMA Support Bullish 3.01%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 3.01%
Strong but Oversold Other 3.01%
Down 3 Days in a Row Weakness 3.01%
Down 4 Days in a Row Weakness 3.01%
Down 5 Days in a Row Weakness 3.01%
Oversold Stochastic Weakness 3.01%
New Downtrend Bearish 1.48%
Strong but Oversold Other 1.48%
Down 3 Days in a Row Weakness 1.48%

   Recent Intraday Alerts

Alert Time
Up 3% 9 minutes ago
Non-ADX 1,2,3,4 Pullback Entry about 1 hour ago
Rose Above Previous Day's High about 1 hour ago
Outside Day about 1 hour ago
Up 2% about 1 hour 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 Copiapó 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 72,075
200-Day Moving Average 61.63
50-Day Moving Average 65.58
20-Day Moving Average 70.45
10-Day Moving Average 70.02
Average True Range 2.24
RSI (14) 41.18
ADX 25.63
+DI 22.45
-DI 28.58
Chandelier Exit (Long, 3 ATRs) 70.48
Chandelier Exit (Short, 3 ATRs) 71.30
Upper Bollinger Bands 78.18
Lower Bollinger Band 62.72
Percent B (%b) 0.2
BandWidth 21.94
MACD Line 0.55
MACD Signal Line 1.72
MACD Histogram -1.1698
Fundamentals Value
Market Cap 943.77 Million
Num Shares 14.3 Million
EPS 14.51
Price-to-Earnings (P/E) Ratio 4.54
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) 68.85
Resistance 3 (R3) 68.89 67.92 68.35
Resistance 2 (R2) 67.92 67.15 67.90 68.18
Resistance 1 (R1) 66.87 66.67 66.39 66.84 68.01
Pivot Point 65.90 65.90 65.66 65.88 65.90
Support 1 (S1) 64.86 65.13 64.37 64.82 63.65
Support 2 (S2) 63.89 64.66 63.87 63.48
Support 3 (S3) 62.84 63.89 63.31
Support 4 (S4) 62.81