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Trading Pioneer, Suedzucker, Union Pacific: Is Down Trend Intact?

Published 07/27/2016, 09:21 AM
Updated 07/09/2023, 06:31 AM

Pioneer (NYSE:PXD)

Pioneer Natural Resources is an independent exploration and production enterprise. The company researches, develops and produces oil and gas commodities in order to satisfy the global energy demand. In addition, the US group sells homogenous oil, liquefied natural gas and gas facilities.

Further activities include the acquisition of properties as well as the support of reserves in the administration, financing and management areas. This value, therefore, belongs to the gas and oil sector.

After the big uptrend was broken at approx. $160 in November 2014, over time a new downtrend has developed. After the break at $160, the price fell down to $127, to then draw directly back up to $181. Then, however, the market went back down to $105, which entailed a new correction zone between $127.31 and $181.97.

The value was able to work its way back up to about $171.88 by April, where it then showed us our DowHow signals. For several days now, it has appeared to be going into a new movement. The target is clearly located at the last point two at $105.81.

PXD Stock Daily Chart

Suedzucker (DE:SZUG)

Suedzucker is one of the leading companies in the European food industry. The current Suedzucker was founded in 1926 as a merger of five sugar companies. Today, the regional sugar producer has become a leading food corporation. Along with sugar and sweetening agents, the product range comprises frozen products and further food ingredients.

Even if people always have to eat, we can see that the chart was able to recover very far from its low at €9.89, and is now located at the upper end of its currently valid correction zone. The point three is located at €22.68; the current high lies exactly one cent below, namely at €22.67.

Precisely at this point is also where our DowHow signals are appearing, showing a clear short. As you can see, I have already entered here and am anticipating a clear downward movement. However, an entry is still possible.

SZU Stock Daily Chart

Union Pacific (NYSE:UNP)

Union Pacific is a leading transport company that is primarily active in the areas of goods transportation by rail and by truck. These two core areas are lead by the sub-companies Union Pacific Railroad Company and Overnite Corporation (fusion of Overnite Transportation Company and Motor Cargo Industries).

Alongside this, the group also holds shares in technology companies and insurance corporations. This means that this value is also very dependent on the general economic development. Whether we can see a forerunner of the economy in this value remains to be seen.

In any case, in the chart we can see a clear downtrend with a correction zone between $79.31 and $98.28. The current high can be found at $96, and right there is where our DowHow signals also appear once again. This is precisely why one could now speculate on a new downward movement very early already.

UNP Stock Daily Chart

Disclaimer:

Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer’s investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk.

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