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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 2024-05-17 View latest technical analysis

10 day averaged volume of Patterson Uti is 5787650

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri May 2024	11.31	11.12	11.41	11.02	0.974 times
16 Thu May 2024	11.06	11.03	11.11	10.97	0.782 times
15 Wed May 2024	11.02	11.01	11.07	10.74	0.664 times
14 Tue May 2024	11.00	11.04	11.12	10.91	0.534 times
13 Mon May 2024	10.94	11.00	11.18	10.90	1.047 times
10 Fri May 2024	10.89	11.23	11.29	10.86	0.767 times
09 Thu May 2024	11.16	10.77	11.21	10.77	1.477 times
08 Wed May 2024	10.77	10.87	11.05	10.74	0.884 times
07 Tue May 2024	11.00	10.89	11.12	10.87	1.188 times
06 Mon May 2024	10.97	10.73	11.14	10.72	1.47 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 11.3, but if it comes below 11.3, then a intra day sell could be more profitable.
If you take a sell trade below 11.3, then use 11.3 as stoploss and 11.05 as target. However if you take a buy trade in stock , then use 11.3 as stoploss and 11.7 as target.

Share price targets for Patterson Uti (PTEN)

Target Type	Value
Downside Target	9.73
Downside Target	10.02
Downside Target	10.72
Downside Target	11.06
Upside Target	11.41
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	10.9
Downside Intraday Target	10.48
Upside Intraday Target	11.57
Upside Intraday Target	11.82
Downside Intraday Target	11.15

Weekly technical analysis of Patterson Uti (PTEN)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri May 2024	11.31	11.00	11.41	10.74	0.691 times
10 Fri May 2024	10.89	10.73	11.29	10.72	0.789 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

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
17 Fri May 2024	11.31	10.82	11.41	10.18	0.676 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 up 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 neutral. A longer time frame might give a better analysis.

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 to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Patterson Uti in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Patterson Uti Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Patterson Uti in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling 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 11.02 and Patterson Uti (PTEN) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.