January 05, 2024, 12:34 pm ET, BY Allen K. - Contributor |
Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PXD
- Buy PXD slightly over 219.97 target 236.69 stop loss @ 219.33 Details
The technical summary data tells us to buy PXD near 219.97 with an upside target of 236.69. This data also tells us to set a stop loss @ 219.33 to protect against excessive loss in case the stock begins to move against the trade. 219.97 is the first level of support below 229.65 , and by rule, any test of support is a buy signal. In this case, support 219.97 would be being tested, so a buy signal would exist.
- Short PXD slightly under 236.69, target 219.97, stop loss @ 237.37 Details
The technical summary data is suggesting a short of PXD as it gets near 236.69 with a downside target of 219.97. We should have a stop loss in place at 237.37though. 236.69 is the first level of resistance above 229.65, and by rule, any test of resistance is a short signal. In this case, if resistance 236.69 is being tested, so a short signal would exist.
Swing Trading Plans for PXD
- Buy PXD slightly over 231.6, target 236.69, Stop Loss @ 230.93 Details
If 231.6 begins to break higher, the technical summary data tells us to buy PXD just slightly over 231.6, with an upside target of 236.69. The data also tells us to set a stop loss @ 230.93 in case the stock turns against the trade. 231.6 is the first level of resistance above 229.65, and by rule, any break above resistance is a buy signal. In this case, 231.6, 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 231.6, target 226.48, Stop Loss @ 232.27. Details
The technical summary data is suggesting a short of PXD if it tests 231.6 with a downside target of 226.48. We should have a stop loss in place at 232.27 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, 231.6, 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 230.51, target 231.6, Stop Loss @ 229.97 Details
If 230.51 begins to break higher, the technical summary data tells us to buy PXD just slightly over 230.51, with an upside target of 231.6. The data also tells us to set a stop loss @ 229.97 in case the stock turns against the trade. 230.51 is the first level of resistance above 229.65, and by rule, any break above resistance is a buy signal. In this case, 230.51, 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 230.51, target 226.48, Stop Loss @ 231.05. Details
The technical summary data is suggesting a short of PXD if it tests 230.51 with a downside target of 226.48. We should have a stop loss in place at 231.05 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, 230.51, 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 Company (PXD) available here: PXD.
PXD Ratings for January 05:
Term → | Near |
Mid |
Long |
Rating |
Strong |
Neutral |
Strong |
P1 |
0 |
0 |
219.97 |
P2 |
230.51 |
226.48 |
236.69 |
P3 |
234.52 |
231.6 |
253.38 |
AI Generated Signals for PXD
Blue = Current Price
Red = Resistance
Green = Support
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