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(PTEN) Patterson Uti complete technical analysis [charts+indicators] | Buy/Sell Patterson Uti | (PTEN) share price targets

Complete technical analysis of Patterson Uti (PTEN) by charts plus indicators, forecast predictions and share price targets for Patterson Uti (PTEN)

Patterson Uti trades in USA in Energy sector.

Showing technical analysis as on 2024-04-29 View latest technical analysis

10 day averaged volume of Patterson Uti is 5723180

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	11.26	11.22	11.33	11.02	0.949 times
26 Fri Apr 2024	11.25	11.22	11.42	11.18	0.913 times
25 Thu Apr 2024	11.26	11.43	11.54	11.15	0.972 times
24 Wed Apr 2024	11.53	11.43	11.60	11.25	1.217 times
23 Tue Apr 2024	11.60	11.30	11.63	11.20	0.84 times
22 Mon Apr 2024	11.34	11.46	11.47	11.11	1.137 times
19 Fri Apr 2024	11.51	11.25	11.58	11.23	0.82 times
18 Thu Apr 2024	11.34	11.34	11.56	11.24	1.499 times
17 Wed Apr 2024	11.22	11.28	11.55	11.21	0.787 times
16 Tue Apr 2024	11.33	11.35	11.41	11.16	0.926 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 11.3, but if it comes above 11.3, then a intra day buy could be more profitable.
If you take a sell trade below 11.3, then use 11.3 as stoploss and 10.8 as target. However if you take a buy trade in stock , then use 11.3 as stoploss and 11.69 as target.

Share price targets for Patterson Uti (PTEN)

Target Type	Value
Downside Target	9.73
Downside Target	10.02
Downside Target	10.45
Downside Target	11.02
Upside Target	11.62
Upside Target	11.82
Upside Target	12.00
Upside Target	12.24
Upside Target	12.33
Upside Target	12.55
Upside Target	12.65

Intraday share price targets for Patterson Uti (PTEN)

Target Type	Value
Downside Intraday Target	11.08
Downside Intraday Target	10.89
Upside Intraday Target	11.39
Upside Intraday Target	11.51
Downside Intraday Target	11.2

Weekly technical analysis of Patterson Uti (PTEN)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	11.26	11.22	11.33	11.02	0.187 times
26 Fri Apr 2024	11.25	11.46	11.63	11.11	1.032 times
19 Fri Apr 2024	11.51	11.75	11.82	11.16	1.292 times
12 Fri Apr 2024	11.68	12.52	12.65	11.62	0.628 times
05 Fri Apr 2024	12.52	11.96	12.55	11.63	1.356 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Patterson Uti (PTEN)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	11.26	11.96	12.65	11.02	0.923 times
28 Thu Mar 2024	11.94	11.63	12.33	11.06	0.876 times
29 Thu Feb 2024	11.57	11.12	12.24	10.02	1.041 times
31 Wed Jan 2024	11.09	10.89	11.64	9.73	0.966 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Patterson Uti (PTEN)

Price action analysis of Patterson Uti ( (PTEN) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Patterson Uti ( (PTEN) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Patterson Uti ( (PTEN) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Patterson Uti ( (PTEN) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Patterson Uti stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Patterson Uti in short term and the sell signal is strong.

Patterson Uti Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Patterson Uti in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Patterson Uti is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 11.36 and Patterson Uti (PTEN) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Patterson Uti (PTEN) stock. Volume based technical analysis of Patterson Uti (PTEN) stock is negative.

Patterson Uti Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.