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PTEN forms 1,2,3 Retracement Bearish on July 7

Patterson-UTI Energy, Inc. (PTEN) Technical Analysis, Stock Scans & Trading Signals · Jul 7, 2026, 17:49 ET
PTEN finished higher by 6.83% on Tuesday, July 7th, trading 0.9 times its typical volume. Multiple bearish signals emerged — 1,2,3 Retracement Bearish, Slingshot Bearish & Non-ADX 1,2,3,4 Bearish — suggesting potential weakness ahead. Key support levels exist at 8.79, 8.44 & 8.22, with resistance at 9.37, 9.59 & 9.94. Technical indicators like Slow Stochastic reveal oversold momentum right now.

Current SwingTradeBot Technical Rating of PTEN: C

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Patterson-UTI Energy, Inc. (PTEN)