Technical Analysis for PTEN - Patterson-UTI Energy, Inc.
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
15.4 | -1.47% | -0.23 |
PTEN closed down 1.47 percent on Monday, August 21, 2017, on 52 percent of normal volume. The bears made the stock sink to a new 52-week low. 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.
Trend Table & Recent Alerts
| ADX | Long-Term | Intermediate-Term | Short-Term |
|---|---|---|---|
| Strong | Down | Down | Down |
| See historical PTEN trend table... | |||
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Aug 21 | New 52 Week Low | Other | 0.00% |
| Aug 18 | New 52 Week Low | Other | -1.47% |
| Aug 18 | Lower Bollinger Band Walk | Other | -1.47% |
| Aug 18 | Slingshot Bearish | Bearish Swing Setup | -1.47% |
| Aug 17 | New 52 Week Low | Other | -0.26% |
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Profile
- Earnings date: 2017-07-27
- Sector: Energy
- Industry: Oil & Gas Drilling
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 |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength | |||
| Summary: | Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies. | ||
Recent News
See more PTEN news...
Indicators
| Indicator | Value |
|---|---|
| 52 Week High | 29.76 |
| 52 Week Low | 15.24 |
| Average Volume | 4,359,466 |
| 200-Day Moving Average | 23.6149 |
| 50-Day Moving Average | 19.2372 |
| 20-Day Moving Average | 17.851 |
| 10-Day Moving Average | 16.367 |
| Average True Range | 0.7032 |
| ADX | 29.04 |
| +DI | 12.4 |
| -DI: | 38.82 |
| Chandelier Exit (Long, 3 ATRs) | 18.8704 |
| Chandelier Exit (Short, 3 ATRs) | 16.9396 |
| Upper Bollinger Band | 21.0796 |
| Lower Bollinger Band | 14.6224 |
| Percent B (%b) | 0.12 |
| Bandwidth | 0.361728 |
| MACD Line | -1.1898 |
| MACD Signal Line | -0.9391 |
| MACD Histogram | -0.2507 |
