Patterson-uti Energy Stock Forecast

Sell candidate since Jun 30, 2026 Gain 5.45%

The Patterson-UTI Energy stock price gained 3.09% on the last trading day (Monday, 13th Jul 2026), rising from $9.39 to $9.68. During the last trading day the stock fluctuated 2.57% from a day low at $9.54 to a day high of $9.78. The price has fallen in 6 of the last 10 days but is still up by 0.94% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 905 thousand more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately $55.65 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.47% during the next 3 months and, with a 90% probability hold a price between $7.18 and $9.97 at the end of this 3-month period.

PTEN Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, July 06, 2026, and so far it has risen 13.08%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Patterson-UTI Energy stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $10.59. On a fall, the stock will find some support from the short-term average at $9.22. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Patterson-UTI Energy stock

Patterson-UTI Energy finds support from accumulated volume at $9.52 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.245 between high and low, or 2.57%. For the last week, the stock has had daily average volatility of 3.91%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PTEN) For The Upcoming Trading Day Of Tuesday 14th

For the upcoming trading day on Tuesday, 14th we expect Patterson-UTI Energy to open at $9.67, and during the day (based on 14 day Average True Range), to move between $9.43 and $9.93, which gives a possible trading interval of +/-$0.506 (+/-5.37%) up or down from last closing price. If Patterson-UTI Energy takes out the full calculated possible swing range there will be an estimated 5.37% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $9.77 (0.93%) than the support at $9.52 (1.65%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Patterson-UTI Energy stock A Buy?

Patterson-UTI Energy holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.573 Sell Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on July 14, 2026 - $9.67 ( 0.155%).

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