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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.
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MarketClub’s Trade Triangles for PTEN
The long-term trend has been DOWN since Nov 8th, 2023 at 11.720
The intermediate-term trend has been DOWN since Sep 29th, 2023 at 14.020
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).
| 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 High | 25.03 | Year High Date | 2018-01-16 |
| Year Low | 13.89 | Year Low Date | 2018-10-24 |
| 52wk High | 18.1 | 52wk High Date | 2022-12-05 |
| 52wk Low | 9.7 | 52wk Low Date | 2023-05-31 |
| Year End Close | 18.63 | Average Volume | 6,671,173 |
| Shares Outstanding | 417,283 | Short Interest | 23,958,608 |
| % Institutional | 99 | Market Cap | 1,942M |
| Assets | 311,719,600M | Liabilities | 139,702,700M |
| P/E Ratio | 7.4025 | Beta | 1.71 |
| Volatility | 60.97 |