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Patterson-UTI Energy, Inc. (PTEN) - Buy, Sell or Hold?

Sector: Energy   Sub-Sector: Oil & Gas Production
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017NoneBullish EngulfingThu, 09 Nov 2017-3.78%
***Stock database and scans are updated around midnight (New York time) every trading day.
20.09 0.00 (0%) Nov 28 4:00pm EST
Open: 19.92 Range: 19.66 - 20.13 Vol: 3.29M Avg Vol: 4.35M
EPS: -1.95 P/E ratio: 0.00 EBITDA: 260.21M Mkt Cap: 4.19B
Analyze "PTEN" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 20.20
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 20.27
Last Trade is below the 50 day moving average at 20.12
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 21.11
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of PTEN

Stock Trend Analysis - Buy, Sell or Hold "Patterson-UTI Energy, Inc." (PTEN)?

PTEN is in a long term downtrend and it has traded about 62% of the time below the 200 day moving average in the last 52 weeks on daily average volume of 4.4M shares changing hands. The 50 day moving average indicates a medium term trading range with a bullish upside inclination. The 20 day moving average is similarly in a trading range with a bullish bias. PTEN may experience some profit taking and it is unclear how strong buying support will be for this stock as objectively, it is still in a long term downtrend with the 200 SMA currently at 21.11. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "PTEN".

The analyst consensus estimates for the 1 year price target for this stock is $24.50* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 28 Nov 2017
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