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$PXD with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $PXD after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 60%.
SPX Weekly Volatility Analysis 19-23 Dec 2022 SPX Weekly Volatility Analysis 19-23 Dec 2022
We can see that currently the implied volatility for this week is around 3.14%, DOWN from 3.17% from last week
With this in mind, currently from ATR point of view we are located in the 74th percentile.
Based on this, we can expect that the current weekly candles ( from open to close ) are going to between:
Bullish: 2.7% movement
Bearish: 2.6% movement
At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset,
meaning that there is a 24.2% that our close of the weekly candle of this asset is going to be either above/below the next channel:
TOP: 3995
BOT: 3752
Taking into consideration the previous weekly high/low, currently for this candle there is :
35% probability we are going to touch previous high 4183
65% probability we are going to touch previous low 3856
Lastly, from the technical analysis point of view, currently from
Weekly timeframe indicates -53% BEARISH trend from the moving averages index
Daily timeframe indicates -80% BEARISH trend from the moving averages index
4H timeframe indicates -80% BEARISH trend from the moving averages index