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Patterson-UTI Energy, Inc.

PTEN Technical Analysis Summary (NASDAQ)

Analyze PTEN on the NASDAQ with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

PTEN●NASDAQ
EnergyOil & Gas Drilling
$10.20
$0.14(1.35%)
U.S. Market opens in NaNh NaNm

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

PTEN Technical Analysis Summary (NASDAQ)

Patterson-UTI Energy, Inc. (NASDAQ: PTEN) stock currently shows a bullish trend on the NASDAQ, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Neutral to Bullish (RSI: 51.25)
Trend Strength:Moderate (ADX: 22.08)
Volatility:Medium (ATR: 0.48)
Support/Resistance:$8.45 – $10.82 (Bollinger Bands)

Technical conditions suggest Patterson-UTI Energy, Inc. on the NASDAQ is awaiting a decisive move. This mix signals that Patterson-UTI Energy, Inc. is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 51.25

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 76.99

Bullish
Buying momentum building without extremes.

Williams %R: -35.44

Bullish
Buying pressure building steadily.

Rate of Change (ROC): 19.04

Strongly Bullish
Strong upside momentum.

Takeaway:Patterson-UTI Energy, Inc. shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: -0.03

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 22.08

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.48

Low
Low volatility, stable price action.

CCI (14): 75.20

Bullish
Bullish, momentum building upward.

Takeaway:Patterson-UTI Energy, Inc. shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$10.82
Middle Band (SMA 20)
$9.63
Lower Band
$8.45
Current Position
Within Bands

Takeaway:Patterson-UTI Energy, Inc. trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$10.99
Middle Line (EMA 20)
$10.03
Lower Channel
$9.06
Squeeze Status
No Squeeze

Takeaway:Patterson-UTI Energy, Inc. trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume-65.53M
Money Flow Index63.15Bullish, inflows support continued momentum.
Relative Vigor Index47.17Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:PTEN shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of Patterson-UTI Energy, Inc. (NASDAQ: PTEN), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for Patterson-UTI Energy, Inc. are mixed, suggesting a Hold or wait-and-see approach.

(NASDAQ: PTEN) Technical Analysis FAQ