RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PXD
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Weaker technical forecast for Pioneer Natural Resources as stock downgraded to Hold/Accumulate.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 15, 2024 Gain 12.29% PDF

The Pioneer Natural Resources stock price gained 1.23% on the last trading day (Wednesday, 27th Mar 2024), rising from $256.85 to $260.00. During the last trading day the stock fluctuated 1.83% from a day low at $255.44 to a day high of $260.11. The price has risen in 7 of the last 10 days and is up by 5.81% over the past 2 weeks. Volume fell on the last day by -63 thousand shares and in total, 849 thousand shares were bought and sold for approximately $220.65 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $264.19 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 14.50% during the next 3 months and, with a 90% probability hold a price between $276.25 and $302.51 at the end of this 3-month period.

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PXD Signals & Forecast

The Pioneer Natural Resources stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $256.34 and $240.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 14, 2024, and so far it has risen 15.38%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Pioneer Natural Resources stock

Pioneer Natural Resources finds support from accumulated volume at $249.96 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $4.67 between high and low, or 1.83%. For the last week, the stock has had daily average volatility of 1.38%.

The Pioneer Natural Resources stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $252.82 (-2.76%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 87 and this increases the risk substantially. There is a buy signal from a pivot bottom found 29 days ago.)

Trading Expectations (PXD) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Pioneer Natural Resources Company to open at $258.52, and during the day (based on 14 day Average True Range), to move between $256.27 and $263.73, which gives a possible trading interval of +/-$3.73 (+/-1.44%) up or down from last closing price. If Pioneer Natural Resources Company takes out the full calculated possible swing range there will be an estimated 2.87% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $249.96, some $10.04 (3.86%) from the current price of $260.00, our system finds the risk reward attractive.

Is Pioneer Natural Resources Company stock A Buy?

Pioneer Natural Resources holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Pioneer Natural Resources Company of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$258.52 ( 0.571%) $260.00

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PXD

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 263.19 1.23 %
R2 261.40 0.540 %
R1 260.30 0.116 %
Current price: 260.00
Support S1 256.73 -1.26 %
S2 255.63 -1.68 %
S3 253.85 -2.37 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 260.00
Support S1 249.96 -3.86%
S2 233.74 -10.10%
S3 216.83 -16.60%

PXD Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 01, 2024 Mar 01, 2024 Mar 22, 2024 $2.56 1.00%
2 Nov 02, 2023 Nov 29, 2023 Dec 22, 2023 $3.20 1.40%
3 Aug 01, 2023 Sep 05, 2023 Sep 21, 2023 $1.84 0.83%
4 Apr 26, 2023 May 31, 2023 Jun 21, 2023 $3.34 1.64%
5 Feb 22, 2023 Mar 03, 2023 Mar 17, 2023 $5.58 3.07%

FAQ

What is the symbol for Pioneer Natural Resources Stock and on which exchange is it traded?
The symbol for Pioneer Natural Resources is PXD and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Pioneer Natural Resources Stock?
Pioneer Natural Resources holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Pioneer Natural Resources Stock?
Pioneer Natural Resources Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Pioneer Natural Resources Stock.

What's the current price of Pioneer Natural Resources Stock?
As of the end of day on the 2024-03-27, the price of an Pioneer Natural Resources (PXD) share was $260.00.

What is the 52-week high and low for Pioneer Natural Resources Stock?
The 52-week high for Pioneer Natural Resources Stock is $260.42 and the 52-week low is $193.40.

What is the market capitalization of Pioneer Natural Resources Stock?
As of the 2024-03-27, the market capitalization of Pioneer Natural Resources is 60.742B.

When is the next earnings date for Pioneer Natural Resources?
The upcoming earnings date for Pioneer Natural Resources is Apr 24, 2024.
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About Pioneer Natural Resources Company

Pioneer Natural Resources Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has operations in the Midland Basin in West Texas. As of December 31, 2021, the company had proved undeveloped reserves and proved developed non-producing reserves of 130 million barrels of oil, 92 million barrels of NGLs, and... PXD Profile

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