PXD stock: buy or sell
Jul 29th, 2021
PXD stock brief
- Pioneer Natural Resources stock rose 1.61% to close at $144.98 on the stock market on Wednesday.
- Pioneer Natural Resources is presenting its earnings report next Tuesday
- From the chart point view, price is drawing an scaled downtrend since last May with lower tops and lower bottoms. this downtrend marked a -17.04% loss.
- Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States.
Should I buy Pioneer Natural Resources stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $PXD stock a buy?
Currently, Pioneer Natural Resources stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $PXD in coming sessions, or that it may not climb higher. Simply, it doesn't match our recommended trading systems
Should I sell Pioneer Natural Resources stock?
When is it time to sell Pioneer Natural Resources stock?. Trading strategies give us the ability us to avoid rash decisions based on our personal emotions or the buzz that surrounds the market. When selling, as well as buying, detailed strategies are very simple to use and are only valid for selling stocks in your porfolio, not for selling short Pioneer Natural Resources stock
As a rule of thumb, you should never keep an open trade that results in greater losses than those expected at the time of the buy. The moment to sell your stock should always be determined by the stop-loss (automatic or manual)
Is it time to sell Pioneer Natural Resources stock?
Currently, Pioneer Natural Resources stock doesn't match any of our preferred sell setups, so if you hold Pioneer Natural Resources stock and your operation is in profit probably is not time to sell now
Pioneer Natural Resources ratings
We don't have any rating published in the previous month for Pioneer Natural Resources
Pioneer Natural Resources stock analysis
Pioneer Natural Resources continues trending lower since last May, and has droppped a -17.04%. The stock plotted 3 consecutive lower tops.
Supports and resistances
The current resistance levels are:
The current support levels are:
Since the price broke down the lower band on July 20, the price bounced by 7.39%
Relative strength index
The RSI broke out the oversold level of 30 on July 21 after just being in the oversold zone for 1 day (what can be considered a strength sign). The RSI value on Wednesday was 41.98
Pioneer Natural Resources stock price history
Pioneer Natural Resources started trading priced at an adjusted price1 of $34.56 on Aug 1997. Since then, PXD stock surged by 319.50%, with an average of 13.89% per year. An investment of $1,000USD on the IPO would worth $4,195.02 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Pioneer Natural Resources stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, brokerage institutions release their price forecasts based on the stock price action and the company fundamental data. Most of these predictions follow the publication of new financial data by the company, and usually. Again, these predictions are not direct recommendations for individual traders and should not be followed blindly.
In the previous month we couldn't find any price target posted for Pioneer Natural Resources stock.
Earnings and financials
PXD ($PXD) is hosting the quarterly earnings call next Tuesday. Analysts forecast of $2.61 and sales of $2.2 billion.
Pioneer Natural Resources ($PXD) hosted the quarterly earnings event and posted the report last May. PXD beat market estimates and posted of $1.77, that is a 22.07% surprise versus the previous estimates of $1.45. Accordingly, reported revenues were $1.8 billion compared to estimates of $1.5 billion.This compares to Earnings of $1.15 per share same quarter last year, so posted EPS means an improvement of 53.91%. Turnover exploded a 52.44% on an annualized basis in the , from $20.1B to $30.6B last quarter.
Pioneer Natural Resources performance
|Pioneer Natural Resources ($PXD)||-9.80%||-8.50%||23.20%|
Important note:The comments given in this article are personal and not recommendations for you to buy or sell stocks. The author of this article does not know the individual scenarios of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are provided for educative motives only
|Wednesday, July 28th, 2021|
|Day range||$141.43 - $146.09|
|Average true range||$6.67|
|50d mov avg||$156.43|
|100d mov avg||$156.35|
|200d mov avg||$134.30|
|Earnings date||August 3rd, 2021|