Technical Analysis for PTEN - Patterson-UTI Energy, Inc.
|Grade||Last Price||% Change||$ Change|
PTEN closed down 2.04 percent on Friday, March 24, 2017, on approximately normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.
Trend Table & Recent Alerts
|Weak or Absent||Up||Down||Down|
|See historical PTEN trend table...|
|Date||Alert Name||Type||% Chg|
|Mar 24||Slingshot Bearish||Bearish Swing Setup||0.00%|
|Mar 24||Reversal New Lows Setup||Bearish Swing Setup||0.00%|
|Mar 23||Doji - Bullish?||Reversal||-2.04%|
|Mar 23||Stochastic Reached Oversold||Other||-2.04%|
|Mar 22||NR7||Range Contraction||-2.36%|
|Mar 15||Slingshot Bearish||Bearish Swing Setup||-8.47%|
|Mar 14||Hammer Candlestick||Bullish||-4.08%|
|Mar 14||Lizard Bullish||Bullish Day Trade Setup||-4.08%|
|Mar 14||Lower Bollinger Band Walk||Other||-4.08%|
|Mar 13||NR7||Range Contraction||-6.07%|
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Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada. The company offers pressure pumping services that consist of well stimulation and cementing for completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, nitrogen, cementing, and acid pumping services in Texas and the Appalachian Basin; and contract drilling services primarily in Texas, New Mexico, Louisiana, Arkansas, Oklahoma, Colorado, Utah, Wyoming, Montana, North Dakota, Nebraska, Alaska, Kansas, Pennsylvania, Ohio, West Virginia, Michigan, and western and northern Canada. It also owns and invests in oil and natural gas assets located primarily in Texas and New Mexico. As of December 31, 2012, it had a drilling fleet of 314 marketable land-based drilling rigs. Patterson-UTI Energy, Inc. was founded in 1978 and is headquartered in Houston, Texas.
Is PTEN a Buy, Sell or Hold?
|Indicator||Bull Case||Neutral / Hold||Bear Case|
|Oversold / Overbought|
|Summary:||Counts: 1 bullish, 2 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.|
See more PTEN news...
|52 Week High||29.76|
|52 Week Low||16.01|
|200-Day Moving Average||23.6204|
|50-Day Moving Average||27.1008|
|20-Day Moving Average||26.0745|
|10-Day Moving Average||25.178|
|Average True Range||0.8889|
|Chandelier Exit (Long, 3 ATRs)||26.0633|
|Chandelier Exit (Short, 3 ATRs)||26.5867|
|Upper Bollinger Band||28.6866|
|Lower Bollinger Band||23.4624|
|Percent B (%b)||0.1|