Pioneer Natural Resources $PXD Pivots Trading Plans and Risk Controls

October 09, 2023, 20:00 pm ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PXD

• Buy PXD slightly over 215.39 target 237.34 stop loss @ 214.77 Details

The technical summary data tells us to buy PXD near 215.39 with an upside target of 237.34. This data also tells us to set a stop loss @ 214.77 to protect against excessive loss in case the stock begins to move against the trade. 215.39 is the first level of support below 235.6 , and by rule, any test of support is a buy signal. In this case, support 215.39 is being tested, a buy signal would exist.

• Short PXD slightly under 237.34, target 215.39, stop loss @ 238.03 Details

The technical summary data is suggesting a short of PXD as it gets near 237.34 with a downside target of 215.39. We should have a stop loss in place at 238.03though. 237.34 is the first level of resistance above 235.6, and by rule, any test of resistance is a short signal. In this case, if resistance 237.34 is being tested, a short signal would exist.

Swing Trading Plans for PXD

• Buy PXD slightly over 236.05, target 237.34, Stop Loss @ 235.37 Details

If 236.05 begins to break higher, the technical summary data tells us to buy PXD just slightly over 236.05, with an upside target of 237.34. The data also tells us to set a stop loss @ 235.37 in case the stock turns against the trade. 236.05 is the first level of resistance above 235.6, and by rule, any break above resistance is a buy signal. In this case, 236.05, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short PXD slightly near 236.05, target 219.00, Stop Loss @ 236.73. Details

The technical summary data is suggesting a short of PXD if it tests 236.05 with a downside target of 219.00. We should have a stop loss in place at 236.73 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 236.05, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for PXD

• Buy PXD slightly over 236.05, target 237.34, Stop Loss @ 235.5 Details

If 236.05 begins to break higher, the technical summary data tells us to buy PXD just slightly over 236.05, with an upside target of 237.34. The data also tells us to set a stop loss @ 235.5 in case the stock turns against the trade. 236.05 is the first level of resistance above 235.6, and by rule, any break above resistance is a buy signal. In this case, 236.05, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short PXD slightly near 236.05, target 226.89, Stop Loss @ 236.6. Details

The technical summary data is suggesting a short of PXD if it tests 236.05 with a downside target of 226.89. We should have a stop loss in place at 236.6 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 236.05, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Pioneer Natural Resources (PXD) available here: PXD.

PXD Ratings for October 09:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	193.66
P2	226.89	219.00	215.39
P3	243.37	236.05	237.34

AI Generated Signals for PXD

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This Pioneer Natural Resources (NYSE: PXD) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for PXD change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if PXD is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for PXD too.  All of these are offered below the Summary Table.