| PXD latest price $158.5000 (1%) ($152.0300 - $158.9800) on Wed. Mar. 10, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.71% (three month average) |
RSI | 84 |
Latest Price | $158.5000(1%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | PXD advances 0.6% a day on average for past five trading days. |
Weekly Trend | PXD advances 6.7% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support PXD advance at 0% a week (0% probability) OIH(76%) XLE(73%) XOP(71%) USO(51%) IWD(47%) |
Factors Impacting PXD price | PXD will decline at least -1.355% in a week (0% probabilities). VIXM(-23%) UUP(-21%) TLT(-14%) BNDX(-10%) VXX(-8%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.355% (StdDev 2.71%) |
Hourly BBV | -0.5 () |
Intraday Trend | 1.1% |
| |
|
|