PTEN
Patterson-UTI Energy·NASDAQ
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2.16 / 10
Underperform
Technically, PTEN is rated underperform with a score of 2.16/10. The recent indicator set shows dominance of bearish signals, specifically RSI overbought and bearish engulfing candlestick patterns. This technical weakness outweighs any bullish momentum, leading to a cautious outlook and the need for close risk monitoring.
Analysis Checks(0/2)
RSI Overbought
Score1/10
Win Rate33.33%
Hist. Signals6
Avg Return-1.95%
Score1/10
Win Rate33.33%
Hist. Signals6
Avg Return-1.95%
Bearish Engulfing
Score3.32/10
Win Rate50.00%
Hist. Signals10
Avg Return-0.70%
Score3.32/10
Win Rate50.00%
Hist. Signals10
Avg Return-0.70%
RSI Overbought
Score1/10
Win Rate33.33%
Hist. Signals6
Avg Return-1.95%
Score1/10
Win Rate33.33%
Hist. Signals6
Avg Return-1.95%
Bearish Engulfing
Score3.32/10
Win Rate50.00%
Hist. Signals10
Avg Return-0.70%
Score3.32/10
Win Rate50.00%
Hist. Signals10
Avg Return-0.70%
What is the current technical signals for PTEN?
- PTEN presents a Underperform setup with a Technical Score of 2.16/10. Key technical indicators highlight an RSI of 83.60 and a MACD of 0.17, with the trend anchored by the 50-Day SMA at 6.66. Traders should monitor key support at 7.97 and resistance at 8.38.
