| PXD latest price $108.9900 (4.52%) ($104.5440 - $109.4400) on Mon. Aug. 10, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.51% (three month average) |
RSI | 59 |
Latest Price | $108.9900(4.52%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | PXD advances 2.2% a day on average for past five trading days. |
Weekly Trend | PXD advances 1.7% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support PXD advance at 0% a week (0% probability) OIH(78%) XLE(77%) XOP(76%) IWN(53%) IWD(52%) |
Factors Impacting PXD price | PXD will decline at least -1.755% in a week (0% probabilities). VIXM(-27%) UUP(-18%) TLT(-17%) VXX(-10%) BNDX(-10%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.755% (StdDev 3.51%) |
Hourly BBV | 1.6 () |
Intraday Trend | 3.9% |
| |
|
|