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Stock Trend Analysis Report
Prepared for you on Thursday, December 5, 2024.
Patterson-UTI Energy, Inc. (NASDAQ:PTEN)
Long-Term Downtrend (-90) - PTEN is in a strong downtrend that is likely to continue. While PTEN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Jun 4th, 2024 at 10.18
The intermediate-term trend has been DOWN since Dec 4th, 2024 at 8.01
The short-term trend has been DOWN since Dec 2nd, 2024 at 8.30
Smart Scan Analysis for PTEN
Based on our trend formula, PTEN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.1700 | 8.3100 | 7.9921 | 8.2000 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.1900 | 6032152 | 2024-12-04 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 | 12.65 | 52wk High Date | 2024-04-08 |
| 52wk Low | 7.375 | 52wk Low Date | 2024-11-01 |
| Year End Close | 18.63 | Average Volume | 7,391,251 |
| Shares Outstanding | 389,956 | Short Interest | 23,958,608 |
| % Institutional | 99 | Market Cap | 1,942M |
| Assets | 596,367,700M | Liabilities | 240,155,000M |
| P/E Ratio | 31.92 | Beta | 1.71 |
| Volatility | 60.97 |