| PXD latest price $28.6500 (2.65%) ($27.8600 - $28.9200) on Wed. Jun. 10, 2009. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.87% (three month average) |
RSI | 62 |
Latest Price | $28.6500(2.65%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | PXD advances 1.2% a day on average for past five trading days. |
Weekly Trend | PXD advances 4.7% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support PXD advance at 0% a week (0% probability) XOP(82%) OIH(77%) IWM(59%) SPY(58%) USO(56%) |
Factors Impacting PXD price | PXD will decline at least -2.435% in a week (0% probabilities). TLT(-32%) SHY(-7%) TIP(-1%) LQD(2%) IGOV(6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.435% (StdDev 4.87%) |
Hourly BBV | 0 () |
Intraday Trend | 0.8% |
| |
|
|