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PTEN forms 50 Day Moving Average Resistance on July 23

Patterson-UTI Energy, Inc. (PTEN) Technical Analysis, Stock Scans & Trading Signals · Jul 23, 2026, 20:00 ET
PTEN posted a 3.54% loss on Thursday, July 23rd, accompanied by 1.6× normal trading volume. Multiple bearish signals emerged — 50 DMA Resistance, Evening Star, Stochastic Sell Signal, Upper Bollinger Band Walk & Expansion Pivot Sell Setup — suggesting potential weakness ahead. Key support levels exist at 10.1, 9.86 & 9.4, with resistance at 10.81, 11.27 & 11.51. Technical indicators like Slow Stochastic reveal overbought momentum right now.

Current SwingTradeBot Technical Rating of PTEN: A

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Patterson-UTI Energy, Inc. (PTEN)