Tag Archives: Precision Drilling

Breakout for Precision Drilling (PD.TO) on huge volume

Precision Drilling daily candlestick chart showing the breakout on above average volume.

Precision Drilling (PD.TO) Daily Chart

http://www.precisiondrilling.com/about-us/default.aspx

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Weekly chart for Precision Drilling giving the wide angle view
Precision Drilling Weekly  Chart

Precision Drilling Weekly Chart

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“Technical Analysis is about probabilities.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2016 TradeOnline.ca

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Precision Drilling (PD) chart analysis

Major support for Precision Drilling is $9.00
Precision Drilling weekly chart showing the intermediate downtrend with major support at $9.00.

Precision Drilling 3-Year Weekly Chart

Precision Drilling reports earnings on Monday, October 27, 2014.

October 27, 2014: News today – Oil prices tumble; Goldman slashes forecast

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“It is all about probabilities”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2014 TradeOnline.ca

Precision Drilling candlestick chart

Back to the support level on the weekly chart
Precision Drilling chart showing the return to the support level.

Precision Drilling 2-Year Weekly chart

On July 28, 2013, I published a chart showing the breakout above the resistance level. This updated weekly chart shows Precision Drilling back to the breakout point which is now the support level. The reversal of roles is an important concept in technical analysis.

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Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2013 TradeOnline.ca

Precision Drilling chart analysis

Breakout for Precision Drilling on the weekly chart
Breakout for Precision Drilling on the weekly candlestick chart.  Volume and RSI are confirming the intermediate uptrend.

Precision Drilling Weekly Chart courtesy of StockCharts.com

Breakout for Precision Drilling on the weekly candlestick chart. Volume and RSI are confirming the intermediate uptrend.

Reference the last chart analysis for Precision Drilling.

Reference the last chart analysis for the TSX Index.

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Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2013 TradeOnline.ca

Precision Drilling (PD:TSX) chart analysis

Near-term uptrend and major resistance at $9.00
Near-term uptrend for Precision Drilling with major resistance at $9.00.

Precision Drilling 1-Year Bar Chart

Precision Drilling near-term uptrend will meet resistance at $9.00. Unless there is a confirmed break above this level, there is no reason to hold this stock.

The Canadian energy sector which represents 27.88% of the S&P/TSX Composite Index is not participating in the intermediate uptrend in global equities. It is a major reason (along with materials) why the TSX Index is not moving up relative to global equities. The Canadian crude oil discount, caused in part by pipeline constraints, has added to the pain in the energy sector.

Reference the last chart analysis for Precision Drilling posted on July 26, 2012.

Visit the Precision Drilling website for a profile of the company and the latest financial numbers.

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Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2013 TradeOnline.ca

Precision Drilling (PD:TSX) chart analysis

Near-term uptrend for Precision Drilling with resistance at $8.00
Precision Drilling candlestick chart showing the near-term uptrend and the confirming indicators of volume, OBV and RSI.

Precision Drilling 6 Month Daily Chart

Reference the last chart analysis for Precision Drilling.

Review the latest earnings release for Precision Drilling and note the positive reaction on the above chart.

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

Precision Drilling (PD:TSX) chart analysis

Can Precision Drilling hold the $9.50 support level?
Candlestick chart analysis for Precision Drilling as it prepares to test support at $9.50

Precision Drilling Daily Chart

Reference the last chart analysis for Precision drilling.

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca