PBF Energy Inc (PBF): Price Now Near $15.94; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for PBF

At the time of this writing, PBF (Get Ratings)’s price is down $-0.04 (-0.25%) from the hour prior. PBF has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly 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 ranks 74th in terms of today’s price percentage change out of Petroleum and Natural Gas stocks.

PBF’s Technical Outlook on the Daily Chart

At the time of this writing, PBF’s price is down $-0.04 (-0.25%) from the day prior. This move is a reversal from the day prior, which saw price move up. As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe. 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 93.9394.
  • PBF and RSI may be exhibiting divergent trends. This may be something to monitor.

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