Patterson Uti Energy Stock Overlap Studies Double Exponential Moving Average

PTEN Stock  USD 11.94  0.11  0.91%   
Patterson UTI overlap studies tool provides the execution environment for running the Double Exponential Moving Average study and other technical functions against Patterson UTI. Patterson UTI value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of overlap studies indicators. As with most other technical indicators, the Double Exponential Moving Average study function is designed to identify and follow existing trends. Patterson UTI overlay technical analysis usually involve calculating upper and lower limits of price movements based on various statistical techniques. Please specify Time Period to run this model.

The output start index for this execution was fourty-six with a total number of output elements of fifteen. The Double Exponential Moving Average indicator was developed by Patrick Mulloy. It consists of a single exponential moving average and a double exponential moving average. This indicator is more responsive to Patterson-UTI Energy changes than the simple moving average.

Patterson UTI Technical Analysis Modules

Most technical analysis of Patterson UTI help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Patterson from various momentum indicators to cycle indicators. When you analyze Patterson charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Patterson UTI Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Patterson UTI Energy. We use our internally-developed statistical techniques to arrive at the intrinsic value of Patterson UTI Energy based on widely used predictive technical indicators. In general, we focus on analyzing Patterson Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Patterson UTI's daily price indicators and compare them against related drivers, such as overlap studies and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Patterson UTI's intrinsic value. In addition to deriving basic predictive indicators for Patterson UTI, we also check how macroeconomic factors affect Patterson UTI price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2021 2022 2023 2024 (projected)
Dividend Yield0.0094720.01190.03310.0348
Price To Sales Ratio1.211.370.730.69
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Patterson UTI's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
9.2911.9414.59
Details
Intrinsic
Valuation
LowRealHigh
8.8011.4514.10
Details
Naive
Forecast
LowNextHigh
9.3111.9614.62
Details
19 Analysts
Consensus
LowTargetHigh
17.0918.7820.85
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Patterson UTI. Your research has to be compared to or analyzed against Patterson UTI's peers to derive any actionable benefits. When done correctly, Patterson UTI's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Patterson-UTI Energy.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Patterson UTI in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Patterson UTI's short interest history, or implied volatility extrapolated from Patterson UTI options trading.

Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.
Cleaning Idea
Cleaning
Invested over 100 shares
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Business Services
Invested few shares
Macroaxis Index Idea
Macroaxis Index
Invested over 200 shares
Warren Buffett Holdings Idea
Warren Buffett Holdings
Invested over 40 shares
When determining whether Patterson-UTI Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Patterson UTI's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Patterson Uti Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Patterson Uti Energy Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patterson UTI Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Note that the Patterson-UTI Energy information on this page should be used as a complementary analysis to other Patterson UTI's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

Complementary Tools for Patterson Stock analysis

When running Patterson UTI's price analysis, check to measure Patterson UTI's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Patterson UTI is operating at the current time. Most of Patterson UTI's value examination focuses on studying past and present price action to predict the probability of Patterson UTI's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Patterson UTI's price. Additionally, you may evaluate how the addition of Patterson UTI to your portfolios can decrease your overall portfolio volatility.
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Is Patterson UTI's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Patterson UTI. If investors know Patterson will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Patterson UTI listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.68)
Dividend Share
0.32
Earnings Share
0.87
Revenue Per Share
14.835
Quarterly Revenue Growth
1.009
The market value of Patterson-UTI Energy is measured differently than its book value, which is the value of Patterson that is recorded on the company's balance sheet. Investors also form their own opinion of Patterson UTI's value that differs from its market value or its book value, called intrinsic value, which is Patterson UTI's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Patterson UTI's market value can be influenced by many factors that don't directly affect Patterson UTI's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Patterson UTI's value and its price as these two are different measures arrived at by different means. Investors typically determine if Patterson UTI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patterson UTI's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.