Meyka Pro is live. Get 50% off your first 3 months.Get Started →
Meyka Pro banner
Parex Resources Inc.

PXT.TO Technical Analysis Summary (TSX)

Analyze PXT.TO on the TSX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

PXT.TO●TSX
EnergyOil & Gas Exploration & Production
$23.59
$0.42(1.75%)
Canadian Market opens in 35h 3m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

PXT.TO Technical Analysis Summary (TSX)

Parex Resources Inc. (TSX: PXT.TO) stock currently shows a neutral trend on the TSX, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bullish (RSI: 51.85)
Trend Strength:Weak (ADX: 16.34)
Volatility:Medium (ATR: 0.86)
Support/Resistance:$20.42 – $24.40 (Bollinger Bands)

Technical conditions suggest Parex Resources Inc. on the TSX is awaiting a decisive move. This mix signals that Parex Resources Inc. is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 51.85

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 78.86

Bullish
Buying momentum building without extremes.

Williams %R: -33.04

Bullish
Buying pressure building steadily.

Rate of Change (ROC): 13.82

Strongly Bullish
Strong upside momentum.

Takeaway:Parex Resources Inc. shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: -0.16

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 16.34

Weak
Weak trend, market trading sideways.

ATR (14): 0.86

Low
Low volatility, stable price action.

CCI (14): 80.40

Bullish
Bullish, momentum building upward.

Takeaway:Parex Resources Inc. shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$24.40
Middle Band (SMA 20)
$22.41
Lower Band
$20.42
Current Position
Within Bands

Takeaway:Parex Resources Inc. trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$24.87
Middle Line (EMA 20)
$23.15
Lower Channel
$21.42
Squeeze Status
No Squeeze

Takeaway:Parex Resources Inc. trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume-6.44M
Money Flow Index84.18Bearish risk, overbought conditions may trigger pullback.
Relative Vigor Index44.97Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:PXT.TO shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of Parex Resources Inc. (TSX: PXT.TO), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

Price trading above middle Bollinger Band → mid-term support intact.

Bearish Signals

MFI above 80 → overbought conditions may limit upside.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for Parex Resources Inc. are mixed, suggesting a Hold or wait-and-see approach.

(TSX: PXT.TO) Technical Analysis FAQ