| PXD latest price $207.5300 (-0.1%) ($205.6870 - $208.6180) on Wed. Jul. 5, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.68% (three month average) |
RSI | 60 |
Latest Price | $207.5300(-0.1%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | PXD advances 0.8% a day on average for past five trading days. |
Weekly Trend | PXD advances 0.9% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support PXD advance at 0% a week (0% probability) XOP(79%) XLE(76%) USO(65%) OIH(60%) REMX(42%) |
Factors Impacting PXD price | PXD will decline at least -0.84% in a week (0% probabilities). SMH(-35%) IVW(-29%) QQQ(-25%) XLK(-18%) TBT(-15%) |
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 | -0.84% (StdDev 1.68%) |
Hourly BBV | -0 () |
Intraday Trend | -0.4% |
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