Stock Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Patterson-UTI Energy, Inc. (NASDAQ:PTEN)
Bull Market Weakness (+75) - PTEN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on PTEN as it may be in the beginning stages 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.
MarketClub’s Trade Triangles for PTEN
The long-term trend has been DOWN since Aug 17th, 2021 at 7.030
The intermediate-term trend has been UP since Sep 24th, 2021 at 8.710
The short-term trend has been UP since Oct 25th, 2021 at 9.485
Smart Scan Analysis for PTEN
Based on our trend formula, PTEN is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||25.03||Year High Date||2018-01-16|
|Year Low||13.89||Year Low Date||2018-10-24|
|52wk High||11.27||52wk High Date||2021-06-23|
|52wk Low||2.38||52wk Low Date||2020-10-29|
|Year End Close||18.63||Average Volume||3,263,497|
|Shares Outstanding||189,029||Short Interest||23,958,608|
|% Institutional||99||Market Cap||1,942M|