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Stock Trend Analysis Report
Prepared for you on Sunday, May 5, 2024.
Patterson-UTI Energy, Inc. (NASDAQ:PTEN)
Crossroads (-60) - PTEN is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid PTEN?
MarketClub looks at technical strength and momentum to determine if the timing is right for PTEN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for PTEN
The long-term trend has been UP since Mar 8th, 2024 at 12.24
The intermediate-term trend has been DOWN since Apr 15th, 2024 at 11.61
The short-term trend has been DOWN since Apr 29th, 2024 at 11.15
Smart Scan Analysis for PTEN
Based on our trend formula, PTEN is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 10.730 | 10.745 | 10.520 | 10.690 | +0.100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 10.680 | 6076761 | 2024-05-03 15:59:57 |
| Year High | 25.03 | Year High Date | 2018-01-16 |
| Year Low | 13.89 | Year Low Date | 2018-10-24 |
| 52wk High | 16.175 | 52wk High Date | 2023-09-14 |
| 52wk Low | 9.7 | 52wk Low Date | 2023-05-31 |
| Year End Close | 18.63 | Average Volume | 6,147,514 |
| Shares Outstanding | 408,192 | Short Interest | 23,958,608 |
| % Institutional | 99 | Market Cap | 1,942M |
| Assets | 742,003,100M | Liabilities | 260,773,900M |
| P/E Ratio | 12.0341 | Beta | 1.71 |
| Volatility | 60.97 |