| PXD latest price $238.3800 (1.88%) ($229.7100 - $239.1800) on Thu. Jan. 19, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.25% (three month average) |
RSI | 65 |
Latest Price | $238.3800(1.88%) |
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 2.9% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support PXD advance at 0% a week (0% probability) XLE(80%) XOP(79%) OIH(70%) USO(56%) VYM(55%) |
Factors Impacting PXD price | PXD will decline at least -1.125% in a week (0% probabilities). VIXM(-37%) BNDX(-28%) SHY(-27%) BND(-23%) UUP(-18%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.125% (StdDev 2.25%) |
Hourly BBV | 0.4 () |
Intraday Trend | 2.8% |
| |
|
|