| PXD latest price $104.2800 (1.88%) ($99.3100 - $104.6200) on Fri. Aug. 7, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.5% (three month average) |
RSI | 64 |
Latest Price | $104.2800(1.88%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | PXD advances 1.5% a day on average for past five trading days. |
Weekly Trend | PXD advances 0.7% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support PXD advance at 0% a week (0% probability) OIH(78%) XLE(77%) XOP(76%) IWN(53%) IWD(52%) |
Factors Impacting PXD price | PXD will decline at least -1.75% in a week (0% probabilities). VIXM(-27%) UUP(-18%) TLT(-17%) BNDX(-11%) VXX(-10%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.75% (StdDev 3.5%) |
Hourly BBV | 2.1 () |
Intraday Trend | 3% |
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