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 of Patterson Uti Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Patterson Uti PTEN at this time. Stock is rising and might rise more.

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

Stock of Patterson Uti (PTEN) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

Although my analysis for Patterson Uti is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 12.1, for a target of 11.9 or 11.7

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: 11.82
  • 12Day Average: 11.71
  • 20Day Average: 11.74
  • 50Day Average: 11.28
  • 100Day Average: 11.22
  • 150Day Average: 12.12
  • 200Day Average: 12.6

PTEN Indicators & signals

Indicator MACD (12,26,9)

11.77, 11.64, 0.13
Indicator MACD is in positive 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
27 Wed Mar 2024 12.05 11.61 to 12.06 3.08% 0.74 times
26 Tue Mar 2024 11.69 11.66 to 12.03 -1.27% 0.54 times
25 Mon Mar 2024 11.84 11.72 to 12.12 1.28% 0.77 times
22 Fri Mar 2024 11.69 11.65 to 11.89 -1.27% 0.61 times
21 Thu Mar 2024 11.84 11.63 to 11.93 0.94% 0.94 times
20 Wed Mar 2024 11.73 11.46 to 11.90 -1.59% 1.23 times
19 Tue Mar 2024 11.92 11.58 to 11.99 2.32% 0.89 times
18 Mon Mar 2024 11.65 11.43 to 11.75 0.95% 0.71 times
15 Fri Mar 2024 11.54 11.43 to 11.71 0.26% 1.25 times
14 Thu Mar 2024 11.51 11.06 to 11.61 1.68% 1.29 times
13 Wed Mar 2024 11.32 11.21 to 12.19 -3.66% 1.78 times
12 Tue Mar 2024 11.75 11.67 to 11.99 -2% 0.79 times

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