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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 2024-05-08 View latest technical analysis

10 day averaged volume of Patterson Uti is 7560110

Date	Daily Closing Price	Open	High	Low	Volume
08 Wed May 2024	10.77	10.87	11.05	10.74	0.677 times
07 Tue May 2024	11.00	10.89	11.12	10.87	0.91 times
06 Mon May 2024	10.97	10.73	11.14	10.72	1.126 times
03 Fri May 2024	10.68	10.73	10.75	10.52	0.908 times
02 Thu May 2024	10.59	10.40	10.78	10.18	1.974 times
01 Wed May 2024	10.50	10.82	10.93	10.48	0.985 times
30 Tue Apr 2024	10.82	11.10	11.19	10.78	1.032 times
29 Mon Apr 2024	11.26	11.22	11.33	11.02	0.718 times
26 Fri Apr 2024	11.25	11.22	11.42	11.18	0.691 times
25 Thu Apr 2024	11.26	11.43	11.54	11.15	0.735 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 10.8, but if it comes above 10.8, then a intra day buy could be more profitable.
If you take a sell trade below 10.8, then use 10.8 as stoploss and 10.4 as target. However if you take a buy trade in stock , then use 10.8 as stoploss and 11.2 as target.

Share price targets for Patterson Uti (PTEN)

Target Type	Value
Downside Target	9.73
Downside Target	10.02
Downside Target	10.72
Upside Target	11.06
Upside Target	11.62
Upside Target	11.63
Upside Target	11.64
Upside Target	11.82
Upside Target	12.24
Upside Target	12.33
Upside Target	12.65

Intraday share price targets for Patterson Uti (PTEN)

Target Type	Value
Downside Intraday Target	10.61
Downside Intraday Target	10.46
Upside Intraday Target	11.03
Upside Intraday Target	11.3
Upside Intraday Target	10.88

Weekly technical analysis of Patterson Uti (PTEN)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Wed May 2024	10.77	10.73	11.14	10.72	0.483 times
03 Fri May 2024	10.68	11.22	11.33	10.18	1.461 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

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
08 Wed May 2024	10.77	10.82	11.14	10.18	0.392 times
30 Tue Apr 2024	10.82	11.96	12.65	10.78	0.983 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

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 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.

Price action analysis of Patterson Uti ( (PTEN) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

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

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 10.85 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.