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Archive
- 8/9/2019 -
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Pioneer Natural Resources Co. (PXD)

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Summary:
Weekly :Oversold sectorOversold industryWilliams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal lineTrend support at 126.01
Daily :
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It was the negative week for the Pioneer Natural Resources Co. (PXD). During the week, the PXD gave back -1.10 points, or -0.86%, and closed at 126.17 on Friday, August 9, 2019. Weekly volume was 43% above average.

PXD is a member of Basic Materials Sector. Basic Materials is the most oversold sector. PXD is a member of Independent Oil & Gas Industry. Independent Oil & Gas is the fifth most oversold industry. 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 114.79 on August 7, 2019. PXD lost 98.61 points, or 46.21%, in 63 weeks. The price is now at the 11.54% retracement level.

Medium-term trend: [See PXD medium-term trend chart]
A medium-term downtrend had started on June 21, 2019 at 157.31 and reached 114.79 on August 7, 2019. PXD lost 42.52 points, or 27.03%, in 6 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend support (126.01) 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 Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since July 5, 2019. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See PXD short-term trend chart]
A short-term uptrend had started on August 7, 2019 at 114.79 and reached 127.89 on August 9, 2019. PXD gained -13.10 points, or -11.41%, in 2 days. The price is now at the 13.13% retracement level.

Daily Technical Indicators: [See PXD daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since July 2, 2019. The distance between MACD and the signal line is low and getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.96
Williams' Percentage Range (W%R) 63.70
Lane's Stochastic (%D-Slow) 27.02
Greed/Fear Indicator (GFI) 32.43
Moving Average Converg./Diverg. (MACD) -4.67
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.15
Williams' Percentage Range (W%R) 82.30
Oversold
Lane's Stochastic (%D-Slow) 15.79
Oversold
Greed/Fear Indicator (GFI) 24.93
Moving Average Converg./Diverg. (MACD) -2.45
Trading Signals
Description Value Chart
Upper Bollinger Band 145.97
50 Day Moving Average 141.19
20 Day Moving Average 133.11
Weekly Trendline Resistance 133.09
Parabolic System 128.99
Price 126.17
Weekly Trendline Support 126.01
Daily Stochastic Crossing 122.94
Weekly Stochastic Crossing 119.99
Lower Bollinger Band 119.23
Sector and Industry
Description Name Rank
Sector Basic Materials 1
Industry Independent Oil & Gas 5
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 114.79
Low Date 08/07/2019
High 127.89
High Date 08/09/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Support
Resistance 133.09
Support 126.01
High 157.31
High Date 06/21/2019
Low 114.79
Low Date 08/07/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 178.22
High Date 04/22/2019
Low 114.79
Low Date 08/07/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 213.40
High Date 05/18/2018
Low 114.79
Low Date 08/07/2019
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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