PTEN Technical

Technical Sentiment Analysis for Patterson-UTI Energy Inc (PTEN) As of 2026-03-02, Patterson-UTI Energy Inc (PTEN) is exhibiting a Strong Buy technical sentiment. Our proprietary analysis, which aggregates 12 technical signals, shows that 10 indicators are flashing buy, while 2 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for PTEN stands at 68.767, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 0.327, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 71.321 and the Commodity Channel Index (CCI) at 139.04 further confirm a 0.72 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, PTEN is trading above its 60-day moving average of $7.162 and above its 200-day long-term moving average of $6.242. Key price levels to watch include the immediate resistance at $8.976 and strong support at $7.751. A break above $8.976 could signal a bull continuation, while falling below $7.751 may test the next Fibonacci floor at $7.125.