PAREX RESOURCES INC (PXT.CA) Stock Technical Analysis
TSX:PXT - Toronto Stock Exchange - CA69946Q1046 - Common Stock - Currency: CAD
Taking everything into account, PXT scores 8 out of 10 in our technical rating. Although PXT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
PXT 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 PXT is lagging the market slightly.
PXT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the performance of all stocks over the past year, PXT turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
PXT is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 58% of 208 stocks in the same industry.
PXT has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 16.42. Right above this resistance zone may be a good entry point.
More info and screens
13.76
16.60
When analyzing the support we can see 3 important areas.
- Support @15.70 from a trend line in the daily time frame.
- A support zone ranging from 14.84 to 14.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.90 to 14.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 16.42 to 16.44. This zone is formed by a combination of multiple trend lines 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 PXT.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PXT.CA is up. |
| ChartMill Relative Strength | 53.12 | NEUTRAL | PXT.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PXT.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PXT.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PXT.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.32 | NEUTRAL | The RSI value for PXT.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests PXT.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.25 | OVERBOUGHT | The high Stochastics value suggests PXT.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for PXT.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 29.89 | POSITIVE | The high ADX value value for PXT.CA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 16.45 | 15.69 | 0.76 (4.62%) | 21.64% |
| An entry @16.45. This is a Buy Stop order right above the resistance zone. | An exit @15.69. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.76 points, which is 4.62%. | When investing 21.64% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of PXT. 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.
TSX:PXT (8/11/2025, 7:00:00 PM)
16.03
-0.39 (-2.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.38%
1 Week0.5%
2 Weeks7.66%
1 Month9.87%
3 Month25.33%
6 Month14.01%
12 Month-7.34%
2 Year-37.31%
3 Year-23.7%
5 Year-10.2%
10 Year76.74%
15 Year188.83%
Volatility
ATR(14)0.55
ATR(20)%2.94%
ATR Inc-31.1%
Range Today0.46
ADR(20)0.45
ADR(20)%2.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.12
Mansfield0.67
10 Day High16.61
10 Day Low15.04
20 Day High16.61
20 Day Low14.15
52 Week High17.74
52 Week Low10.3
CS1 End15.7
CR1 Start16.42
Volume & EV
DER(3)2.47%
DER(5)2.53%
Volume563.52K
Volume Incr15.26%
Vol(5)665.97K
Vol(50)693.86K