PTEN NEWS why is Patterson-uti Energy, Inc. price falling or rising

PTEN NEWS reasons for why stock price of Patterson-uti Energy, Inc. is falling or rising

PTEN Patterson Uti is falling or rising technical reasons

Technical analysis forecast for Patterson Uti Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Patterson Uti PTEN at this time. Stock is falling and might fall more.

It appears as if Patterson Uti PTEN gave a large move recently.

Stock of Patterson Uti (PTEN) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Patterson Uti is bearish for shortterm, and stock might move down till 11.3 or till 10.9. Use a stoploss of 11.65 and if the stock hits stoploss, then it can shoot up till 12.01

PTEN Patterson Uti is falling or rising NEWS fundamental reasons

More announcements and NEWS

PTEN Patterson-uti Energy, Inc. current price & indicator signals

Moving Averages for Patterson-uti Energy, Inc.

  • 5Day Average: 11.46
  • 12Day Average: 11.58
  • 20Day Average: 11.79
  • 50Day Average: 11.74
  • 100Day Average: 11.2
  • 150Day Average: 11.71
  • 200Day Average: 12.51

PTEN Indicators & signals

Indicator MACD (12,26,9)

11.58, 11.66, -0.03
Indicator MACD is in negative zone

Indicator ADX (14)

0, 17.07, 17.07
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 58
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of PTEN Patterson-uti Energy, Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
24 Wed Apr 2024 11.53 11.25 to 11.60 -0.6% 1.32 times
23 Tue Apr 2024 11.60 11.20 to 11.63 2.29% 0.91 times
22 Mon Apr 2024 11.34 11.11 to 11.47 -1.48% 1.23 times
19 Fri Apr 2024 11.51 11.23 to 11.58 1.5% 0.89 times
18 Thu Apr 2024 11.34 11.24 to 11.56 1.07% 1.62 times
17 Wed Apr 2024 11.22 11.21 to 11.55 -0.97% 0.85 times
16 Tue Apr 2024 11.33 11.16 to 11.41 -1.39% 1 times
15 Mon Apr 2024 11.49 11.41 to 11.82 -1.63% 0.96 times
12 Fri Apr 2024 11.68 11.62 to 12.15 -1.18% 1.18 times
11 Thu Apr 2024 11.82 11.80 to 12.16 -2.39% 0.65 times
10 Wed Apr 2024 12.11 11.77 to 12.17 0.75% 0.71 times
09 Tue Apr 2024 12.02 11.89 to 12.28 -0.83% 0.71 times

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