Pioneer Natural Resources Technical Analysis (NYSE:PXD)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The PXD stock chart pattern can give those who understand technical analysis an indication of which way PXD stock is headed, but cannot predict with 100% certainty as to what can happen to the Pioneer Natural Resources stock price.
See Pioneer Natural Resources bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Pioneer Natural Resources stock analysis that does not care for the fair value of a company but uses price and volume data only.
Pioneer Natural Resources Moving Average
Moving averages help predict the price direction of PXD stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Pioneer Natural Resources are mostly signals of long term trends and will help long term traders.
Pioneer Natural Resources Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the PXD stock. The stock price is trading between the average and the lower band in the context of Pioneer Natural Resources bollinger bands.
Pioneer Natural Resources Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Pioneer Natural Resources MACD line is below the signal line.
Pioneer Natural Resources Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of PXD stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.