The Greedy Trader Weekly Analysis
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Archive
- 6/7/2019
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Pioneer Natural Resources Co.
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Summary:
Weekly :Oversold sectorTrend support at 142.82
Daily :Broken trend resistance lineStochastic has raised above the signal line
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It was a first positive week for the Pioneer Natural Resources Co. (PXD). During the week, the PXD gained 3.02 points, or 2.13%, and closed at 144.98 on Friday, June 7, 2019. It was the best weekly gain since April 18, 2019. PXD was trading at average weekly trading volume.

PXD is a member of Basic Materials Sector. Basic Materials is the most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See PXD long-term trend chart]
A long-term downtrend had started on May 18, 2018 at 213.40 and reached 119.08 on December 26, 2018. PXD lost 94.32 points, or 44.20%, in 31 weeks. The price is now at the 27.46% retracement level.

Medium-term trend: [See PXD medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 119.08 and reached 178.22 on April 22, 2019. PXD gained -59.14 points, or -49.66%, in 16 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (142.82) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See PXD weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since February 8, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 April 22, 2019 at 178.22 and reached 139.29 on June 5, 2019. PXD lost 38.93 points, or 21.84%, in 44 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (139.61) is broken. A broken support is considered to be a long-term bullish signal. 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 resistance line in a short-term trend.

Daily Technical Indicators: [See PXD daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 daily MACD line is below its signal line since April 26, 2019. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.18
Williams' Percentage Range (W%R) 74.30
Lane's Stochastic (%D-Slow) 30.67
Greed/Fear Indicator (GFI) 30.85
Moving Average Converg./Diverg. (MACD) -2.97
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.25
Williams' Percentage Range (W%R) 70.10
Lane's Stochastic (%D-Slow) 30.71
Greed/Fear Indicator (GFI) 37.79
Moving Average Converg./Diverg. (MACD) -1.49
Trading Signals
Description Value Chart
Upper Bollinger Band 157.69
50 Day Moving Average 154.81
Weekly Stochastic Crossing 149.46
20 Day Moving Average 148.33
Parabolic System 146.84
Price 144.98
Weekly Trendline Resistance 143.95
Monthly Trendline Support 142.82
Daily Stochastic Crossing 142.10
Weekly Trendline Support 139.61
Lower Bollinger Band 138.75
Sector and Industry
Description Name Rank
Sector Basic Materials 1
Industry Independent Oil & Gas 32
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
High 158.27
High Date 05/21/2019
Low 139.29
Low Date 06/05/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 143.95
Support 139.61
High 178.22
High Date 04/22/2019
Low 139.29
Low Date 06/05/2019
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 201.67
Support 142.82
Low 119.08
Low Date 12/26/2018
High 178.22
High Date 04/22/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 213.40
High Date 05/18/2018
Low 119.08
Low Date 12/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 234.60
High Date 07/24/2014
Low 103.50
Low Date 01/20/2016
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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