Technical Analysis for PTEN - Patterson-UTI Energy, Inc.
|Grade||Last Price||% Change||Price Change|
PTEN closed down 1.66 percent on Tuesday, December 12, 2017, on 68 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.
|Weak or Absent||Up||Up||Up|
|See historical PTEN trend table...|
|Date||Alert Name||Type||% Chg|
|Dec 12||Stochastic Reached Overbought||Other||0.00%|
|Dec 12||Wide Bands||Range Expansion||0.00%|
|Dec 12||Overbought Stochastic||Strength||0.00%|
|Dec 11||Wide Bands||Range Expansion||-1.66%|
|Dec 11||Overbought Stochastic||Strength||-1.66%|
|Dec 11||Up 3 Days in a Row||Strength||-1.66%|
|Dec 8||Wide Bands||Range Expansion||1.39%|
|Dec 7||Wide Bands||Range Expansion||1.62%|
|Dec 6||200 DMA Support||Bullish||4.38%|
|Dec 6||Upper Bollinger Band Walk||Other||4.38%|
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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.
|Indicator||Bull Case||Neutral / Hold||Bear Case|
|Oversold / Overbought|
|Summary:||Counts: 3 bullish, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.|
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|52 Week High||29.697|
|52 Week Low||14.7987|
|200-Day Moving Average||20.7594|
|50-Day Moving Average||20.3888|
|20-Day Moving Average||20.7915|
|10-Day Moving Average||21.5459|
|Average True Range||0.701|
|Chandelier Exit (Long, 3 ATRs )||20.3758|
|Chandelier Exit (Short, 3 ATRs )||21.205|
|Upper Bollinger Band||22.5006|
|Lower Bollinger Band||19.0824|
|Percent B (%b)||0.83|
|MACD Signal Line||0.3845|
|Market Cap||4.64 Billion|
|Num Shares||212 Million|
|Price-to-Earnings (P/E) Ratio||-11.24|
|Pivot Point Level||Traditional / Classic||Fibonacci||Demark||Woodie||Camarilla|
|Resistance 4 (R4)||22.87|
|Resistance 3 (R3)||22.94||22.71||22.71|
|Resistance 2 (R2)||22.71||22.47||22.67||22.65|
|Resistance 1 (R1)||22.31||22.32||22.20||22.24||22.60|
|Support 1 (S1)||21.68||21.84||21.57||21.61||21.24|
|Support 2 (S2)||21.45||21.69||21.41||21.19|
|Support 3 (S3)||21.05||21.45||21.13|
|Support 4 (S4)||20.98|