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Pioneer Natural Resources Company (PXD) - beginning of the next downward wave?


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ISIN: US7237871071

Pioneer Natural Resources Company is an independent production and exploration company from the USA. Their main business areas are the research, development and production of oil and gas commodities. The group was founded in 1997 and has its headquarters in Irving, Texas.

In the following analysis, we will examine the company stock from a technical perspective.

Review

The stock has been in an intact downward trend since the beginning of the year; the SMA 200 was also sustainably undercut. The last strong downward movement from August, encouraged by a gap after the companys quarterly figures, was corrected to over 50%, and it is worth keeping an eye out for signals.

PXDday

Outlook

In the subordinate trend size, the first clear signal could soon form in the short direction (blue arrows in the hourly chart). The entry can take place directly at the point 2 or alternatively from out of the correction, with a stop loss above the last point 3. The target zone would be the area around 128 USD (green zone).

If the value clearly and sustainably rises above 154.50 USD (red line), the short scenario should be abandoned.

PXDhour

Before trading, one should take news in the environment and from the company into account. Similarly, one should also observe the overall market.



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About the author


Gilbert Kreuzthaler is the founder and CEO of Include IT GmbH and AgenaTrader. He is responsible for coordinating and managing the development of the highly innovative equity/Forex/options/CFD trading platform AgenaTrader 

He also supervises the strategic element of Include IT GmbH, in order to successfully place AgenaTrader on the worldwide trading market.

With over 25 years of experience in software development as well as requirements and project management, he has a successful history in software engineering for various international companies in the financial industry.

Gilbert Kreuzthaler has held requirements and project management positions with great responsibility at P.S.K. Austrian Postbank, Unisys Austria, Unisys International, Czech Savings Bank and Allianz Austria/Suisse/Germany. 

Between 1995 and 2007, he was one of the architects of the Allianz Business System (ABS), which is currently being implemented as the standard application for all Allianz organizations worldwide.

In the years following, Gilbert managed the development of a wide range of subjects: cars, property, commercial insurance and investment funds.

During these years, he continued to work on the ABS project as a self-employed external consultant with internal leadership responsibilities within Allianz, and was also in charge of heading up all the issues concerning Include IT GmbH.

In addition, he has a profound knowledge of the stocks/futures and Forex markets, and a successful history as a private trader and as a proprietary trader for a NY-based prop trading firm.

After searching for and failing to find a trading platform on the worldwide market that really deserved the term “trading tool”, Gilbert was inspired to combine these major business branches in order to finally create the trading software that the market needs.

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