Patterson-UTI Energy (PTEN, $6.93) Moving Average Convergence Divergence (MACD) Histogram turned negative on April 3, 2025

#ContractDrilling, #TechnicalAnalysis, #MACD, #Bearish, #Stocks, #MidCap, #Russel2000
PTEN - Patterson-UTI Energy
MACD signal
Bearish Trend
81%
Odds of DOWN Trend
Price: $6.93
Daily change: -$1.63 (-19.04%)
Daily volume: 13.4M
Capitalization: $2.7B
Industry: Contract Drilling

This is a Bearish indicator signaling PTEN's price could decline from here. Traders may explore shorting the stock or put options. A.I. dvisor identified 43 similar cases where PTEN's MACD histogram became negative, and 35 of them led to successful outcomes. Odds of Success: 81%.