PTEN, 2/21-4/15, -2% LossOn 2/14/2024, Patterson-UTI Energy (PTEN) reported earnings of $0.19 per share on revenue of $1.584 billion for the fourth quarter ended December 2023. The consensus earnings estimate was $0.184 per share on revenue of $1.507 billion. Longby 1hour_trading0
PTEN: Long position, bullish wedge with huge profit potential 🛢There is nice setup by bullish wedge for mid/long term breakout position trade on PTEN. After more than 1year consolidation formed bullish wedge. Now price starting to pump up out of the wedge. at 15.87 level there is 1st potential to take some money of the table because there is long multi years supply zone that toping somewhere at 20.69 level ================================== Long position trade setup ================================== Entry: 12.21 Stop Loss: 10.21 Profit Target: 20.37 Trade duration: 8-12 weeksLongby Tomasgei0
Patterson-UTI overflowing. PTENWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safeShortby Rykin_CapitalUpdated 1
Long scalp PTENBased on its uptrend, rebound from support and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF PTEN exceeds today's high of $16.31 during tomorrow's session. Longby MrHalfPercent0
25/3/2022 NSDQ PTENDesicion to Buy. Entry Price = $15.75. Target Price=$16.39. Stop Price=$15.07Longby Airecap_SuperUpdated 1
US Stock In Play: $PTEN$PTEN is a onshore drilling contractor for o&g operators in US and CA. RS as it traded to one month high, higher lows since dec'21 with rising in all MAs of various timeframe. cup and 2 years cup and handle pattern. we have a good 2 weeks to Q4 earnings for some risk cushion. Longby jfsrevg2
PTEN - (US Equity) Bullish Reversal Pattern - BUYPTEN listed on US markets, formed an inverse head and shoulders pattern, poised for a faster recovery to $15 and then $25 in the coming months. look to buy with stop loss kept below the $6.50 support level.Longby CapitalTA1
PTEN on 4hr MACD StrategyMove stop to zero once first target is reached. Hang on to the restLongby fabs2860
PTEN: Ascending Triangle, confirmedAscending triangle, confirmed Pros: Descending volume during formation Volume increase at break out Golden cross in blue PPS above 50MA and 200MA RS above 0, but barely ascending ATR Ascending R/R ratio above 6 250RSI above 50 200MA ascending Target: PT = 9.96$ Help how ever you can to keep this alive. Thank you to those who have donated Coins! Stay Humble, have fun, make money! Longby LeLaf2
Can Patterson Reach at a NR7 Bar?** Comments and Likes are appreciated; New Subscribers are super! ** What I see... + Inside NR7 bar on very high vol. + RSI at 63 + MACD is bullish + 10MA has just crossed above the 50MA about 10 sessions ago + Lower price stock + Bollinger is still relatively narrow - 10MA is still far away - Upper shadow today failed to form a true inside hammer What I setup... + Long entry above $4 - Stop at today's low + Target at lo $5 range :: Duration - 2 to 6 daysLongby ShakeShakeLegUpdated 2
PTEN Long Amateur Trader, first idea. STOCK: PTEN (a drilling company in North America) Strong resistance at around ~1.90 at lowest, ~2.70 at highest and 2.3 at the middle. Can go up until it reaches 75% of top. Good profit before the 5th crash in a few days. The company is very established with a long history of ~$8-10. The last time prices were this low (~$2) was a LONG time ago when I was born (1999). Note: I am just a guy trying to analyze a chart. Please don't take this as professional financial advice. Longby RyZi5
PTEN Patterson-UTI Energy, Inc. short - on a downwards slideThe Patterson-UTI stock has been in an intact downward trend since April of this year, a trend which really picked up the pace in particular towards the end of July. Since the last strong downward movement, the stock of the company has now recovered well and corrected almost one hundred percent. Currently, we can already see the first signs that it could go in the direction of the main trend once more, making the stock a potential candidate for the short direction. In the hourly chart, the currently running correction can be seen, which was in a sideways phase and now develops in our preferred trading direction. For a short entry, we should wait for the formation of a signal, e.g. in the form of a P2, and place the stop loss above the last P3. Alternatively, and with the advantage of a cheaper stop, one can also practice trading from out of the correction or the formation of a reversal candle at a significant point. The targets are located in the areas around approx. $15.00, which makes the stock even more attractive for short entries due to the potential down to the first target. If the price considerably exceeds the last significant high at approx. $21.00, we should abandon the short scenario for the time being (daily chart, depicted in red).Shortby ATT_Trading3
PTEN Patterson-UTI Energy, Inc. short - on a downwards slideThe Patterson-UTI stock has been in an intact downward trend since April of this year, a trend which really picked up the pace in particular towards the end of July. Since the last strong downward movement, the stock of the company has now recovered well and corrected almost one hundred percent. Currently, we can already see the first signs that it could go in the direction of the main trend once more, making the stock a potential candidate for the short direction. In the hourly chart, the currently running correction can be seen, which was in a sideways phase and now develops in our preferred trading direction. For a short entry, we should wait for the formation of a signal, e.g. in the form of a P2, and place the stop loss above the last P3. Alternatively, and with the advantage of a cheaper stop, one can also practice trading from out of the correction or the formation of a reversal candle at a significant point. The targets are located in the areas around approx. $15.00, which makes the stock even more attractive for short entries due to the potential down to the first target. If the price considerably exceeds the last significant high at approx. $21.00, we should abandon the short scenario for the time being (daily chart, depicted in red).Shortby ATT_Trading4
Weekly engulfing breaching $20 for Patterson-UTI Energy (PTEN)Last week Patterson-UTI Energy finished with bullish engulfing which pierced up critical price of $20 for the share. This resulted in price bouncing off the lower boundary of the channel which now has every chance to extend its upward motion. Fundamentally oil sector companies are recovering the losses which were incurred due to the low oil prices This is the reason why some fundamentalist are now calling to purchase the shares of energy sector and estimate the energy sector to outperform. For more ideas visit mercuriusam.wordpress.comLongby AleksandrLombrozo2
Different types of bullish divergence.Massive sale caused by the triggering of stop orders.Longby bigrediska1