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- 6/26/2020 -
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Pioneer Natural Resources Co. (PXD)

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Summary:
Weekly :Broken trend support lineStochastic signal line moved below overbought area
Daily :Bearish Harami CandlestickStochastic signal line moved above oversold area
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It was a first positive week for the Pioneer Natural Resources Co. (PXD). During the week, the PXD climbed 0.53 points, or 0.57%, and closed at 94.11 on Friday, June 26, 2020. Weekly volume was -17% below average.

Long-term trend: [See PXD long-term trend chart]
A long-term downtrend had started on May 18, 2018 at 213.40 and reached 48.62 on March 18, 2020. PXD lost 164.78 points, or 77.22%, in 95 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend support line (108.55) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See PXD medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 48.62 and reached 116.81 on June 8, 2020. PXD gained -68.19 points, or -140.25%, in 11 weeks. The price is now at the 33.29% retracement level.

Weekly Technical Indicators: [See PXD weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since May 22, 2020. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See PXD short-term trend chart]
A short-term downtrend had started on June 8, 2020 at 116.81 and reached 91.02 on June 25, 2020. PXD lost 25.79 points, or 22.08%, in 17 days. The price is now at the 11.98% retracement level.

Daily Technical Indicators: [See PXD daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.

The daily MACD line is below its signal line since June 11, 2020. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Candlestick pattern: [See PXD candlestick chart pattern]
On Friday the chart has formed a Bearish Harami Candlestick pattern. A Bearish Harami pattern occurs in an uptrend. It shows the bulls’ upward drive has weakened and now a trend reversal is possible. The reliability of the Bearish Harami pattern is low. Use the Technical Stock Screener to see the list of stocks that had a Bearish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.84
Williams' Percentage Range (W%R) 77.00
Lane's Stochastic (%D-Slow) 36.19
Greed/Fear Indicator (GFI) 28.33
Moving Average Converg./Diverg. (MACD) 1.80
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.52
Williams' Percentage Range (W%R) 51.40
Lane's Stochastic (%D-Slow) 74.31
Greed/Fear Indicator (GFI) 59.93
Moving Average Converg./Diverg. (MACD) -11.27
Trading Signals
Description Value Chart
Upper Bollinger Band 108.67
Quarterly Trendline Support 108.55
Weekly Stochastic Crossing 104.81
Parabolic System 104.26
20 Day Moving Average 98.90
Daily Stochastic Crossing 94.13
Price 94.11
50 Day Moving Average 90.67
Lower Bollinger Band 83.10
Sector and Industry
Description Name Rank
Sector Energy 3
Industry Oil & Gas Exploration & Production 33
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 116.81
High Date 06/08/2020
Low 91.02
Low Date 06/25/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 48.62
Low Date 03/18/2020
High 116.81
High Date 06/08/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 159.01
High Date 01/06/2020
Low 48.62
Low Date 03/18/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Support
Resistance 141.28
Support 108.55
High 213.40
High Date 05/18/2018
Low 48.62
Low Date 03/18/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 234.60
High Date 07/24/2014
Low 48.62
Low Date 03/18/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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