PXP Energy Corporation (PXP): Rebound at 13.68 or Re-test 10.88-12.34

PXP Energy Corporation (PXP) has broken down below the support at 14.96, which is on the same line as the 38.2 percent Fibonacci retracement. If PXP fails to stay above the 50% Fibonacci retracement at 13.68, it’s more likely to re-test the support at 12.34, which is the 61.8 percent Fibonacci retracement. Resistance is at 19.28.

PXP is bearish on the short-term time period since the price is below the shorter-term Simple Moving Averages (SMAs). While I see no buying signals, PXP’s Stochastic is slowly entering the oversold territory.

Volume

As of April 17, 2018, at 03:30PM, the volume is 211.03% of the previous trading day.

Price-Volume Distribution

PXP may play actively within the 13.90-14.20 range by the next trading day. The price at 14.00 may act as PXP’s intraday support or resistance also.

Top 10 Players Sentiment

Participants with a 100% Buying and Selling Activity as of Apr-17-2018 at 03:30PM:

26 out of 66 participants or 39.39% of all participants registered a 100% BUYING activity
3 out of 66 participants or 4.55% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 14.2902
Top 10 Players’ Selling Average: 14.2937

The psychological average price of today’s top 10 players is at 14.29.

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Foreign Fund Flow

On a 30-day trading period, PXP is on a Net Foreign Buying worth PHP37,652,786.00. Foreign investors’ participation in PXP is insignificant for the past few trading days.

You can check the Foreign Fund Flow of all stocks listed on the Philippine Stock Exchange in our Stock Ranking System.

Risk Level

PXP has a moderate-risk level due to its statistical volatility of 68 percent.

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Jaycee De Guzman

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Experience the expertise of Jaycee De Guzman, the brain of Equilyst Analytics, renowned for his unique data analysis. He is a computer scientist and a self-taught digital marketing strategist and agriculturist. Since Equilyst Analytics’ founding in 2012, over 10,000 local and foreign clients have consulted with Jaycee de Guzman on crypto and stock investments.

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