Patterson-UTI Energy (Germany) Technical Analysis
| PE1 Stock | EUR 7.90 0.05 0.64% |
As of the 3rd of December, Patterson-UTI Energy holds the Risk Adjusted Performance of 0.0081, coefficient of variation of 91942.87, and Semi Deviation of 2.46. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Patterson-UTI Energy, as well as the relationship between them. Please check Patterson UTI Energy treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside to decide if Patterson UTI Energy is priced some-what accurately, providing market reflects its current price of 7.9 per share.
Patterson-UTI Energy Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Patterson-UTI, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Patterson-UTIPatterson-UTI |
Patterson-UTI Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Patterson UTI Energy Technical Analysis
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Patterson UTI Energy volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Patterson UTI Energy Trend Analysis
Use this graph to draw trend lines for Patterson UTI Energy. You can use it to identify possible trend reversals for Patterson-UTI Energy as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Patterson-UTI Energy price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Patterson-UTI Energy Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Patterson UTI Energy applied against its price change over selected period. The best fit line has a slop of 0.01 , which means Patterson UTI Energy will continue generating value for investors. It has 122 observation points and a regression sum of squares at 7.04, which is the sum of squared deviations for the predicted Patterson-UTI Energy price change compared to its average price change.About Patterson-UTI Energy Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Patterson UTI Energy on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Patterson UTI Energy based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Patterson UTI Energy price pattern first instead of the macroeconomic environment surrounding Patterson UTI Energy. By analyzing Patterson-UTI Energy's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Patterson-UTI Energy's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Patterson-UTI Energy specific price patterns or momentum indicators. Please read more on our technical analysis page.
Patterson-UTI Energy December 3, 2024 Technical Indicators
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-UTI from various momentum indicators to cycle indicators. When you analyze Patterson-UTI charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0081 | |||
| Market Risk Adjusted Performance | 0.003 | |||
| Mean Deviation | 2.24 | |||
| Semi Deviation | 2.46 | |||
| Downside Deviation | 2.81 | |||
| Coefficient Of Variation | 91942.87 | |||
| Standard Deviation | 2.83 | |||
| Variance | 8.03 | |||
| Information Ratio | (0.04) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.01) | |||
| Maximum Drawdown | 13.18 | |||
| Value At Risk | (3.88) | |||
| Potential Upside | 4.27 | |||
| Downside Variance | 7.89 | |||
| Semi Variance | 6.06 | |||
| Expected Short fall | (2.85) | |||
| Skewness | 0.373 | |||
| Kurtosis | 0.1067 |
Patterson-UTI Energy December 3, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Patterson-UTI stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 6.00 | ||
| Daily Balance Of Power | 0.50 | ||
| Rate Of Daily Change | 1.01 | ||
| Day Median Price | 7.95 | ||
| Day Typical Price | 7.93 | ||
| Price Action Indicator | (0.02) | ||
| Market Facilitation Index | 0.0002 |
Complementary Tools for Patterson-UTI Stock analysis
When running Patterson-UTI Energy's price analysis, check to measure Patterson-UTI Energy'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 Energy is operating at the current time. Most of Patterson-UTI Energy's value examination focuses on studying past and present price action to predict the probability of Patterson-UTI Energy'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 Energy's price. Additionally, you may evaluate how the addition of Patterson-UTI Energy to your portfolios can decrease your overall portfolio volatility.
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