Technical Analysis for PTEN - Patterson-UTI Energy, Inc.

Grade Last Price % Change Price Change
grade C 9.86 0.31% 0.03
PTEN closed up 0.31 percent on Tuesday, December 10, 2019, on 60 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. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. 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.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up
See historical PTEN trend table...

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Doji - Bearish? Reversal 0.00%
Upper Bollinger Band Walk Strength 0.00%
Multiple of Ten Bearish Other 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Older signals for PTEN ...

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Profile

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.
Oil Petroleum Oil And Gas Law In The United States Fracturing Oil Well Precision Drilling Drilling Rig Hydraulic Fracturing Environmental Impact Of Hydraulic Fracturing Barnett Shale Contract Drilling Services Natural Gas Assets

Is PTEN 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 16.27
52 Week Low 7.67
Average Volume 3,832,316
200-Day Moving Average 10.96
50-Day Moving Average 8.70
20-Day Moving Average 9.01
10-Day Moving Average 9.27
Average True Range 0.47
ADX 20.26
+DI 24.88
-DI 11.76
Chandelier Exit (Long, 3 ATRs ) 8.64
Chandelier Exit (Short, 3 ATRs ) 9.62
Upper Bollinger Band 9.85
Lower Bollinger Band 8.17
Percent B (%b) 1.01
BandWidth 18.65
MACD Line 0.23
MACD Signal Line 0.13
MACD Histogram 0.0992
Fundamentals Value
Market Cap 2.09 Billion
Num Shares 212 Million
EPS -1.95
Price-to-Earnings (P/E) Ratio -5.06
Price-to-Sales 3.02
Price-to-Book 1.12
PEG Ratio -1.87
Dividend 0.08
Dividend Yield 0.81%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 10.25
Resistance 3 (R3) 10.27 10.17 10.19
Resistance 2 (R2) 10.17 10.07 10.16 10.16
Resistance 1 (R1) 10.01 10.01 9.96 9.99 10.14
Pivot Point 9.91 9.91 9.88 9.90 9.91
Support 1 (S1) 9.75 9.81 9.70 9.73 9.58
Support 2 (S2) 9.65 9.75 9.64 9.56
Support 3 (S3) 9.49 9.65 9.54
Support 4 (S4) 9.47