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Stock Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN)

Bear Market Rally (-75) - PTEN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on PTEN as it may be in the beginning of a reversal.

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.

Open High Low PTEN Price Change
11.670 11.850 11.525 11.820 +0.050
Entry Signal

MarketClub’s Trade Triangles for PTEN

long term down The long-term trend has been DOWN since Nov 8th, 2023 at 11.720

intermediate term down The intermediate-term trend has been DOWN since Sep 29th, 2023 at 14.020

short term up The short-term trend has been UP since Nov 30th, 2023 at 12.035

Smart Scan Analysis for PTEN

Based on our trend formula, PTEN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for PTEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.670 11.850 11.525 11.820 +0.050
Prev. Close Volume Bid Ask Time
11.770 4615289 2023-12-04 15:59:52
Year High25.03Year High Date2018-01-16
Year Low13.89Year Low Date2018-10-24
52wk High18.152wk High Date2022-12-05
52wk Low9.752wk Low Date2023-05-31
Year End Close18.63Average Volume6,671,173
Shares Outstanding417,283Short Interest23,958,608
% Institutional99Market Cap1,942M
P/E Ratio7.4025Beta1.71
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