PTEN Technical Analysis & Stock Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

Patterson-UTI Energy Inc (PTEN.O) Moving Averages Convergence Divergence (MACD) indicator is 0.44, suggesting PTEN.O is Strong buy.

Patterson-UTI Energy Inc (PTEN.O) 20-Day simple moving average is 7.43, while Patterson-UTI Energy Inc (PTEN.O) share price is $8.66, making it Buy.

Patterson-UTI Energy Inc (PTEN.O) 60-Day simple moving average is 6.519, while Patterson-UTI Energy Inc (PTEN.O) share price is $8.66, making it Buy.

Technical Analysis for PTEN

Technical Sentiment Analysis for Patterson-UTI Energy Inc (PTEN) As of 2026-02-06, Patterson-UTI Energy Inc (PTEN) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 15 technical signals, shows that 10 indicators are flashing buy, while 5 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for PTEN stands at 83.602, which suggests a Sell condition. Meanwhile, the MACD (12, 26) indicator is at 0.44, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 92.471 and the Commodity Channel Index (CCI) at 243.234 further confirm a 1.36 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, PTEN is trading above its 60-day moving average of $6.519 and above its 200-day long-term moving average of $6.058. Key price levels to watch include the immediate resistance at $8.563 and strong support at $7.033. A break above $8.563 could signal a bull continuation, while falling below $7.033 may test the next Fibonacci floor at $6.329.

Patterson-UTI Energy Inc (PTEN) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	5.503	6.329	7.033	7.859	8.563	9.389	10.093
Fibonacci	6.329	6.913	7.275	7.859	8.443	8.805	9.389

Patterson-UTI Energy Inc (PTEN) Technical Indicators

2026-02-06

Name	Value
RSI_14	83.602
STOCHk_14_3_3	92.471
STOCHd_14_3_3	90.693
CCI_20	243.234
AO_5_34	0.998
MOM_10	1.36
MACD_12_26_9	0.44

Patterson-UTI Energy Inc (PTEN) Relative Strength Index (RSI) is 83.602, creating a Sell signal.

Patterson-UTI Energy Inc (PTEN) Stochastic Oscillator is 92.471, creating a Sell signal.

Patterson-UTI Energy Inc (PTEN) Stochastic RSI is 90.693, creating a Sell signal.

Patterson-UTI Energy Inc (PTEN) Commodity Channel Index (CCI) is 243.234, creating a Sell signal.

Patterson-UTI Energy Inc (PTEN) Awesome Oscillator is 0.998, creating a Buy signal.

Patterson-UTI Energy Inc (PTEN) Momentum is 1.36, creating a Buy signal.

Patterson-UTI Energy Inc (PTEN) MACD is 0.44, creating a Buy signal.

Patterson-UTI Energy Inc (PTEN) Moving Average

2026-02-06

Period	Simple	Signal
MA_5	8.036	Buy
MA_10	7.737	Buy
MA_20	7.43	Buy
MA_60	6.519	Buy
MA_200	6.058	Buy
MA_250	6.367	Buy

Patterson-UTI Energy Inc (PTEN) 5-Day simple moving average is 8.036, while Patterson-UTI Energy Inc (PTEN) share price is $8.66, making it a Buy.

Patterson-UTI Energy Inc (PTEN) 10-Day simple moving average is 7.737, while Patterson-UTI Energy Inc (PTEN) share price is $8.66, making it a Buy.

Patterson-UTI Energy Inc (PTEN) 20-Day simple moving average is 7.43, while Patterson-UTI Energy Inc (PTEN) share price is $8.66, making it a Buy.

Patterson-UTI Energy Inc (PTEN) 60-Day simple moving average is 6.519, while Patterson-UTI Energy Inc (PTEN) share price is $8.66, making it a Buy.

Patterson-UTI Energy Inc (PTEN) 200-Day simple moving average is 6.058, while Patterson-UTI Energy Inc (PTEN) share price is $8.66, making it a Buy.

Patterson-UTI Energy Inc (PTEN) 250-Day simple moving average is 6.367, while Patterson-UTI Energy Inc (PTEN) share price is $8.66, making it a Buy.

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Frequently Asked Questions

What is the current technical consensus for PTEN?

The overall technical consensus for Patterson-UTI Energy Inc (PTEN) is currently strong buy. This rating is derived from a combined analysis of moving averages and oscillators, currently showing 4 buy signals and 5 sell signals.

What are the key support and resistance levels for Patterson-UTI Energy Inc (PTEN) today?

Based on pivot point calculations, Patterson-UTI Energy Inc (PTEN) has an immediate support level at 7.033 and a major resistance level at 8.563. Traders also monitor the pivot point at 7.859 to determine the intraday trend direction.

Is Patterson-UTI Energy Inc (PTEN) overbought or oversold based on the RSI?

The Relative Strength Index (RSI) for Patterson-UTI Energy Inc (PTEN) is currently 83.602. This indicates that the stock is in overbought territory (typically, a value below 30 is oversold and above 70 is overbought).

What signal is the MACD providing for Patterson-UTI Energy Inc (PTEN)?

Patterson-UTI Energy Inc (PTEN) Moving Averages Convergence Divergence (MACD) indicator is 0.44, suggesting PTEN is strong buy. This indicator helps identify potential trend reversals or momentum shifts for Patterson-UTI Energy Inc.

How is Patterson-UTI Energy Inc (PTEN) performing relative to its 200-day moving average?

Patterson-UTI Energy Inc (PTEN)is currently trading at $8.66, which is above its 200-day simple moving average of 6.058. Trading above the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.