| PXD latest price $80.2900 (6.61%) ($74.8400 - $81.6150) on Wed. Apr. 8, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.6% (three month average) |
RSI | 74 |
Latest Price | $80.2900(6.61%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | PXD advances 3.4% a day on average for past five trading days. |
Weekly Trend | PXD advances 7.9% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support PXD advance at 0% a week (0% probability) XLE(79%) OIH(78%) XOP(77%) IWD(55%) IWN(55%) |
Factors Impacting PXD price | PXD will decline at least -3.8% in a week (0% probabilities). VIXM(-33%) TLT(-21%) UUP(-18%) VXX(-12%) BNDX(-10%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -3.8% (StdDev 7.6%) |
Hourly BBV | 1.3 () |
Intraday Trend | 3.6% |
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