Technical analysis from Precision Drilling (PD.TO.TO, TSE:PD.TO) on the Toronto Stock Exchange (TSX). Download the latest price data & trading signals

Precision Drilling
+ Share

[Bearish]: Trend following indicator for PD highlights downward price direction is likely
Exponential Moving Average /
[Bearish]: Trend following indicator for PD highlights downward price direction is likely

[BEARISH]: Precision Drilling currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -5.1%.

Precision Drilling: Daily opening price is $4.67
Opening Price /
Precision Drilling: Daily opening price is $4.67

[BEARISH]: Precision Drilling opening price has gapped down. Currently, the OPEN is $4.67 (-1.9 %).

Black Candle /
PD Basic Candle: Black

[BEARISH]: Precision Drilling has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Stochastic Oscillator /
Stochastic oversold signal had been initiated for Precision Drilling

[BULLISH]: Precision Drilling is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Momentum /
Negative momentum for PD is a leading indicator for continued price falls

[BEARISH]: Precision Drilling currently has negative momentum of -0.55 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -5.1%.The largest downward momentum rally for the last 3 months is 5 days producing a return of -5.7%.

Volume /
Strong volume performance from PD has seen a higher volume of 13.0 [Uptrend]

[BULLISH]: Precision Drilling current volume uptrend in the first timeframe. Volume for PD is 1.97259e+006 (13.0).

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Low Price /
PD has achieved a lower low of $4.53 (-3.8 %)

PD: LOW Current Signal -> (1) 25 May: BEARISH (2) 24 May: BEARISH (3) 23 May: BEARISH

MACD /
Precision Drilling: MACD oscillator (-0.0454)

[BEARISH]: Precision Drilling currently has negative MACD of -0.0454. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -5.1%.

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[Short]: Entry price for PD should be set @$4.6025
Demarks Pivot Points /
[Short]: Entry price for PD should be set @$4.6025

Precision Drilling has broken the first DeMark support point ($4.6025) [Bearish]. Look for a short limit order entry near this point. Exit price for PD should be set @$4.4650 & short position stoploss for Precision Drilling should be set at $4.675

Precision Drilling has broken the first Woodie support point ($4.506) [Bearish]
Woodie Pivot Point /
Precision Drilling has broken the first Woodie support point ($4.506) [Bearish]

Precision Drilling has broken the first Woodie support point ($4.506) [Bearish]. Look for a short limit order entry near this point. Exit price for PD should be set @$4.413 & short position stoploss for Precision Drilling should be set at $4.833

Simple Moving Average /
[Bearish]: SMA(5) is serving as a resistance line for Precision Drilling

[BEARISH]: Precision Drilling currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -5.1%.

Average True Range /
PD: Average True Range has confirmed an uptrend @0.225

[Bullish]: Average True Range has confirmed an uptrend is present. Precision Drilling has a TR of 0.33, and an ATR(14) of 0.225.

Percentage Volume /
Volume for Precision Drilling is now losing momentum @-1.22)

PD: PVO Current Signal -> (1) 25 May: BEARISH CROSSOVER (2) 24 May: BULLISH (3) 23 May: BULLISH

Oversold signal continues for Precision Drilling indicating upward price movement is likely
Moving Average Envelope /
Oversold signal continues for Precision Drilling indicating upward price movement is likely

[BULLISH]: Precision Drilling current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 4.3415.

Negative VROC for PD is a leading indicator for continued price fall
Volume Rate of Change /
Negative VROC for PD is a leading indicator for continued price fall

[BEARISH]: Precision Drilling currently has negative rate of change of -15%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -5.1%.

Close Tod Vs Close Yest /
Closing price for Precision Drilling has seen sellers continue to win the daily battle for performance @ -5.1%

[BEARISH]: Precision Drillingsellers are keener than buyers and are driving the price down. There has been 4 consecutive days of price decline for PD adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -5.1 & the greatest daily negative change this year has been -6.0. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -15%. This quarter, the largest downswing rally has been 4 days giving a total rally downward movement of -12.3%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1x. Over the last month the average daily downward movement has been -2.600000%

Fibonacci Extensions /
Precision Drilling has broken below the 161.8% extension level ($9.38) [Bullish]

Precision Drilling has moved below the 161.8% level ($9.38) [Bullish]. Look for a long limit order entry near this point. Exit price for PD should be set @$6.79 & Stoploss for Precision Drilling should be set at $11.97

Percentage Price /
Precision Drilling currently has positive PPO 4.525

[BULLISH]: Precision Drilling currently has positive PPO 4.525%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Bear power has increased for Precision Drilling signalling bearish conditions are likely
Elder Ray Index /
Bear power has increased for Precision Drilling signalling bearish conditions are likely

PD: Elder Ray Index Current Signal -> (1) 25 May: BEARISH (2) 24 May: BULLISH (3) 23 May: BULLISH

Confirmation of Precision Drilling is currently being distributed
Accumulation / Distribution /
Confirmation of Precision Drilling is currently being distributed

[BEARISH]: Precision Drilling current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -1.86226e+006.

Precision Drilling has moved below the S1 pivot point ($4.514) [Bearish]
Pivot Points /
Precision Drilling has moved below the S1 pivot point ($4.514) [Bearish]

Precision Drilling has broken the first support point ($4.514) [Bearish]. Look for a short limit order entry near this point. Exit price for PD should be set @$4.417 & short position stoploss for Precision Drilling should be set between $4.837 & $4.934

Ease of Movement /
Trading session closed lower on high volume for Precision Drilling [Bearish]

PD: EOM Current Signal -> (1) 25 May: BEARISH HARD (2) 24 May: BEARISH HARD (3) 23 May: BEARISH HARD

High Price /
PD has achieved a lower high of $4.74 (-4.0 %)

[BEARISH]: Precision Drilling current downtrend in the first timeframe. Currently, the HIGH is -4.0 %.

Range Tod Vs Range Yest /
Contracting price range for PD signalling sellers continue to be less eager

[WEAK BULLISH]: Precision Drilling sellers are becoming less eager. There has been 2 consecutive days of range increase for PD reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.9900 & the greatest daily price range this year has been $1.9700. The price range ratio this week versus the quarterly price range is 0.7x & the price range ratio this month versus the year to date price range is 0.5x.

Rate of Change /
Positive ROC: Price is trading higher for Precision Drilling than 14 days ago

[BULLISH]: Precision Drilling currently has positive rate of change of 2.673%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

PD: Long term trend is still an Uptrend
Long Trend /
PD: Long term trend is still an Uptrend

[BULLISH]: Precision Drilling has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Apr 18 2018.

Volume MACD for Precision Drilling continues to lose momentum @-160306
MACD Volume /
Volume MACD for Precision Drilling continues to lose momentum @-160306

[BEARISH]: Precision Drilling currently has negative Volume MACD of -160306. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Average Directional Movement /
Daily trading has confirmed an ADX strong trend (37.4) for Precision Drilling

PD: Average Directional Index Recent Trading -> (1) 25 May: 37.4 (2) 24 May: 40.24 (3) 23 May: 42.27

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