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Stock Trend Analysis Report

Prepared for you on Saturday, July 20, 2024.

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

Sidelines Mode (-55) - PTEN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

NASDAQ_PTEN
Open High Low PTEN Price Change
10.35 10.49 10.23 10.38 -0.33
Entry Signal

MarketClub’s Trade Triangles for PTEN

long term down The long-term trend has been DOWN since Jun 4th, 2024 at 10.180

intermediate term up The intermediate-term trend has been UP since Jul 15th, 2024 at 10.470

short term down The short-term trend has been DOWN since Jul 19th, 2024 at 10.255

Smart Scan Analysis for PTEN

Based on our trend formula, PTEN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for PTEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.35 10.49 10.23 10.38 -0.33
Prev. Close Volume Bid Ask Time
10.38 7143580 2024-07-19 15:59:26
Year High25.03Year High Date2018-01-16
Year Low13.89Year Low Date2018-10-24
52wk High16.17552wk High Date2023-09-14
52wk Low9.5152wk Low Date2024-07-09
Year End Close18.63Average Volume8,661,021
Shares Outstanding401,701Short Interest23,958,608
% Institutional99Market Cap1,942M
Assets722,618,800MLiabilities248,319,100M
P/E Ratio17.2742Beta1.71
Volatility60.97
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