PBF ENERGY INC-CLASS A (PBF) Stock Technical Analysis
NYSE:PBF • US69318G1067
We assign a technical rating of 10 out of 10 to PBF. 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.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, PBF did better than 87% of all other stocks.
- PBF is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 74% of 206 stocks in the same industry.
- 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.
- PBF has an average volume of 3214240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month PBF has a been trading in the 31.44 - 38.83 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, PBF also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 34.73, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PBF in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
28.01
When analyzing the support we can see 4 important areas.
- A support zone ranging from 34.37 to 34.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 33.00 to 33.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.79 from a trend line in the weekly time frame.
- Support @28.29 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @39.00 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 | 87.13 | POSITIVE | PBF has a high relative strength, it outperformed 87.13% 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) | 58.4 | NEUTRAL | The RSI value for PBF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PBF has a positive trend. |
| Stochastics (14,3) | 46.41 | NEUTRAL | The Stochastics value for PBF is a neutral value. |
| Average True Range in percent/ATR (20) | 5.54 | HIGH VOLATILITY | The high ATR as a percentage value for PBF suggests high volalility. |
| Average Directional Index/ADX (14) | 38.48 | POSITIVE | The high ADX value value for PBF suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 39.01 | 34.36 | 4.65 (11.92%) | 8.39% |
| An entry @39.01. This is a Buy Stop order right above the resistance zone. | An exit @34.36. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.65 points, which is 11.92%. | When investing 8.39% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
35.6
-0.46 (-1.28%)
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 58.3969. 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 34.73 and a resistance level at 39. Check the full technical report for our detailed analysis of PBF support and resistance levels.