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Precision Drilling's 15min chart shows KDJ Golden Cross and Bullish Marubozu.
ByAinvest
Wednesday, Sep 3, 2025 12:03 pm ET1min read
Precision Drilling's 15-minute chart recently exhibited a KDJ Golden Cross and Bullish Marubozu pattern at 09/03/2025 12:00. This indicates a shift in the momentum of the stock price towards an upward trajectory, suggesting potential for further growth. The dominance of buyers in the market implies that bullish momentum is likely to persist.
Precision Drilling's 15-minute chart recently exhibited a KDJ Golden Cross and Bullish Marubozu pattern at 09/03/2025 12:00. This indicates a shift in the momentum of the stock price towards an upward trajectory, suggesting potential for further growth. The dominance of buyers in the market implies that bullish momentum is likely to persist.Precision Drilling (PDS), an oilfield services company, provides onshore drilling, completion, and production services to exploration and production firms in the oil, natural gas, and geothermal sectors across North America and the Middle East. The company has a positive long-term outlook for U.S. drilling, supported by the expected launch of Gulf Coast LNG facilities and the completion of several major oil and gas mergers and acquisitions.
The technical indicators suggest that Precision Drilling may be poised for a breakout. A KDJ Golden Cross occurs when the K line crosses above the D line, indicating a potential change in the trend. A Bullish Marubozu pattern is a candlestick pattern that signifies strong buying pressure, with the entire candlestick being bullish. These patterns suggest that the stock may continue to rise.
Precision Drilling has a Value Score of A and sports a Zacks Rank #1 at present. This suggests that the company is undervalued and has strong fundamentals. The company has been focused on optimizing operational performance for its customers while seeking to improve field margins and cash flow generation.
While technical indicators can be useful, they should not be the sole basis for investment decisions. It is important to consider other factors such as the company's financial health, management quality, and industry trends. Precision Drilling's strong fundamentals and positive long-term outlook make it an attractive investment opportunity.
Reference(s):
[1] https://www.nasdaq.com/articles/zackscom-featured-highlights-include-precision-drilling-greenbrier-green-dot-mosaic-and
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