PIONEER NATURAL RESOURCES CO (PXD) Stock Technical Analysis
USA - NYSE:PXD - US7237871071 - Common Stock
We assign a technical rating of 9 out of 10 to PXD. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PXD is showing a nice and steady performance.
Besides having an excellent technical rating, PXD also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
212.81
When analyzing the support we can see 5 important areas.
- A support zone ranging from 267.65 to 268.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong support @232.78 from a horizontal line in the daily time frame.
- Support @228.69 from a trend line in the weekly time frame.
- Support @220.28 from a horizontal line in the daily time frame.
- Support @214.96 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 271.36 to 275.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 PXD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PXD is up. |
| ChartMill Relative Strength | 83.34 | POSITIVE | PXD has a high relative strength, it outperformed 83.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PXD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PXD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PXD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.47 | NEUTRAL | The RSI value for PXD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.42 | NEGATIVE | The MACD value suggests PXD has a negative trend. |
| Stochastics (14,3) | 34.22 | NEUTRAL | The Stochastics value for PXD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for PXD suggests some volalility. |
| Average Directional Index/ADX (14) | 48.04 | POSITIVE | The high ADX value value for PXD 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 |
|---|---|---|---|
| 275.54 | 267.64 | 7.90 (2.87%) | 25.00% |
| An entry @275.54. This is a Buy Stop order right above the resistance zone. | An exit @267.64. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 7.90 points, which is 2.87%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.72%. |
- The distance between exit and entry is rather small compared to the average daily movement of PXD. Please evaluate whether better entry and exit points can be found.
- 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.
269.62
+1.96 (+0.73%)
PIONEER NATURAL RESOURCES CO / PXD FAQ
What is the ChartMill technical rating of PIONEER NATURAL RESOURCES CO (PXD) stock?
ChartMill assigns a technical rating of 9 / 10 to PXD.
Can you provide the trend direction for PIONEER NATURAL RESOURCES CO?
The current trend direction for PIONEER NATURAL RESOURCES CO (PXD) is Bullish.
What is the RSI signal for PXD stock?
PIONEER NATURAL RESOURCES CO (PXD) has an RSI value of 54.4651. This indicates that the stock is currently neutral.
What is the buy/sell signal for PIONEER NATURAL RESOURCES CO (PXD) stock?
The buy/sell signal for PIONEER NATURAL RESOURCES CO (PXD) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for PIONEER NATURAL RESOURCES CO (PXD) stock?
PIONEER NATURAL RESOURCES CO (PXD) has a support level at 268.86 and a resistance level at 271.36. Check the full technical report for our detailed analysis of PXD support and resistance levels.