Pioneer Natural Resources Company Forecast and Stock Analysis
Technical PXD stock analysis for March 22, 2019.
|Shorts||2.31% ( 2019-02-28 )|
Pioneer Natural Resources Company fell by -3.45% in the last day from $145.59 to $140.56 The price has risen in 7 of the last 10 days and is up by 7.82% over the past 2 weeks. Volume has increased in the last day by 0.24 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.63 million shares bought and sold for approximately $229.50 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the PXD stock was $140.56. This is 3.45% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 4.15% from a day low at $138.85 to a day high of $144.61.
30 day high of the PXD stock price was $146.60 and low was $129.68.
90 day high was $146.96 and low was $119.08.
52 week high for the Pioneer Natural Resources Company - $213.40 and low - $119.08.
Pioneer Natural Resources Company lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.25% during the next 3 months and, with 90% probability hold a price between $133.85 and $151.88 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Thursday March 21, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Pioneer Natural Resources Company holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $139.92 and $140.32. A break down below any of these levels will issue sell signals.
Relative Strength Index (RSI)
RSI14 is 45 and the stock is currently not being overbought or oversold
Support & Resistance
Pioneer Natural Resources Company finds support from accumulated volume at $139.29.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $5.76 (4.15%) between high and low. For the last week, the stock has had a daily average volatility of 3.29%.
Our recommended stoploss: $133.85 (-4.77%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 days ago.)
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Pioneer Natural Resources Company holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.