Here’s whether Patterson-UTI Energy Inc (PTEN) is worth buying in 2026 —
based on weekly-updated price trend, RSI momentum, and return vs.
the S&P 500. Our current read: Bullish.
🟢
Bullish
Positives: trading above the 200-day MA (long-term uptrend intact); 50-day MA is rising (+6.03% over 10 days); strong 1-year return of +61.6%; 3-month momentum positive (+31.8%). Concerns: below the 50-day MA (medium-term momentum negative). Currently 19.8% off its 52-week high. Score: +4/7.
PTEN is holding above its long-term 200-day MA ($6.95) but has slipped below the 50-day MA ($9.61), pointing to short-term weakness in an otherwise intact trend. An RSI of 33.3 sits in the neutral zone — momentum is neither stretched nor exhausted. The 1-year return of +61.6% compares to +35.1% for SPY (beat the market by 26.5%).
$10,000 invested 1 year ago→ $16,158 today
vs. S&P 500 (SPY) — same period beat market by 26.5%