PBF ENERGY INC-CLASS A (PBF) Stock Technical Analysis
NYSE:PBF • US69318G1067
Taking everything into account, PBF scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PBF is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that PBF is one of the better performing stocks in the market, outperforming 91% of all stocks.
- PBF is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry. PBF outperforms 81% of them.
- PBF is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PBF is lagging the market slightly.
- In the last month PBF has a been trading in the 31.44 - 39.49 range, which is quite wide. It is currently trading near the high of this range.
- PBF has an average volume of 3198580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although PBF has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
28.07
When analyzing the support we can see 3 important areas.
- A support zone ranging from 33.91 to 35.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @29.08 from a trend line in the weekly time frame.
- Support @28.35 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @39.39 from a horizontal line in the weekly time frame.
- Resistance @40.25 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for PBF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PBF is up. |
| ChartMill Relative Strength | 91.26 | POSITIVE | PBF has a high relative strength, it outperformed 91.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PBF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PBF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PBF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.89 | NEUTRAL | The RSI value for PBF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests PBF has a positive trend. |
| Stochastics (14,3) | 66.76 | NEUTRAL | The Stochastics value for PBF is a neutral value. |
| Average True Range in percent/ATR (20) | 5.32 | HIGH VOLATILITY | The high ATR as a percentage value for PBF suggests high volalility. |
| Average Directional Index/ADX (14) | 40.27 | POSITIVE | The high ADX value value for PBF suggests a strong trend. |
39.38
+3.78 (+10.62%)
PBF ENERGY INC-CLASS A / PBF FAQ
What is the technical rating for PBF stock?
ChartMill assigns a technical rating of 10 / 10 to PBF.
What is the current trend direction of PBF ENERGY INC-CLASS A (PBF) stock?
The current trend direction for PBF ENERGY INC-CLASS A (PBF) is Bullish.
What is the RSI signal for PBF ENERGY INC-CLASS A (PBF) stock?
PBF ENERGY INC-CLASS A (PBF) has an RSI value of 69.8876. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PBF ENERGY INC-CLASS A?
The short term momentum for PBF ENERGY INC-CLASS A (PBF) is positive.
What is the support and resistance level for PBF stock?
PBF ENERGY INC-CLASS A (PBF) has a support level at 35.59 and a resistance level at 39.39. Check the full technical report for our detailed analysis of PBF support and resistance levels.