| PXD latest price $110.8900 (7.09%) ($106.8000 - $111.4700) on Fri. Jun. 5, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 8.23% (three month average) |
RSI | 83 |
Latest Price | $110.8900(7.09%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | PXD advances 4% a day on average for past five trading days. |
Weekly Trend | PXD advances 6% 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) OIH(79%) XLE(79%) XOP(77%) IWD(55%) IWN(55%) |
Factors Impacting PXD price | PXD will decline at least -4.115% in a week (0% probabilities). VIXM(-31%) TLT(-20%) UUP(-18%) VXX(-11%) BNDX(-11%) |
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 | -4.115% (StdDev 8.23%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0.9% |
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