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Precision Drilling's 15min chart triggers bearish signals, bearish marubozu observed.
ByAinvest
Wednesday, May 21, 2025 1:43 pm ET1min read
The 15-minute chart for Precision Drilling has recently triggered a KDJ Death Cross and a Bearish Marubozu, indicating a significant shift in the momentum of the stock price towards the downside. This suggests that the potential for further price decreases is high, as sellers have taken control of the market. Furthermore, the bearish momentum is likely to persist in the near future.
Title: Precision Drilling Corporation (PDS) Faces Bearish Momentum on KDJ Death Cross and Bearish MarubozuPrecision Drilling Corporation (PDS) has recently experienced a significant shift in its stock price momentum, as indicated by the appearance of a KDJ Death Cross and a Bearish Marubozu on its 15-minute chart. These technical indicators suggest that the potential for further price decreases is high, with sellers taking control of the market. This bearish momentum is likely to persist in the near future, signaling a challenging period for investors in PDS.
The KDJ Death Cross is a technical indicator that forms when the K line (fast stochastic) crosses below the D line (slow stochastic) on a chart. This event often signifies a change in the trend from bullish to bearish. The Bearish Marubozu is a candlestick pattern characterized by a long body with no upper or lower shadows, indicating strong selling pressure and a potential trend reversal.
The recent performance of PDS has been concerning, with negative earnings per share (EPS) revisions and declining growth compared to other energy stocks. According to Seeking Alpha's Quant Rating system, PDS has received a Sell rating, placing it at a high risk of underperforming the S&P 500 [2].
Investors should exercise caution when considering investments in PDS, given the bearish momentum and the company's historical performance. It is essential to conduct thorough research and consider alternative investment options within the energy sector. Seeking Alpha's top-rated energy stocks have outperformed the S&P 500 by 1300% over the last decade, indicating the potential for better returns in this sector [2].
References:
[1] https://www.theglobeandmail.com/investing/markets/stocks/ABBV/pressreleases/32482070/bearish-outlook-try-these-2-bear-call-spread-trades-on-tuesday/
[2] https://seekingalpha.com/warnings/4450333-warning-pds-is-at-high-risk-of-performing-badly
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