PBF Energy Inc (PBF): Price Now Near $13.67; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for PBF

At the moment, PBF (Get Ratings)’s price is up $0.19 (1.41%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as PBF has now gone down 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Out of Petroleum and Natural Gas stocks, PBF ranks 37th in regards to today’s price percentage change.

PBF’s Technical Outlook on the Daily Chart

Currently, PBF’s price is up $0.17 (1.26%) from the day prior. It’s been a feast for bulls operating on the daily timeframe, as PBF has now gone up 4 of the past 5 days. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. Regarding moving averages, it should first be noted that price has crossed the 200 day moving average, resulting in them with price now being above it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. PBF Energy Inc’s price action over the past 90 days can be seen via the chart below.

PBF

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PBF: Daily RSI Analysis

  • PBF’s RSI now stands at 100.
  • PBF and RSI may be exhibiting divergent trends. This may be something to monitor.

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