This is a weekly chart of $PXD anchored with a Fib Retracement tool. I added a trend pitchfork to show an upward movement in the stock from now until 2023. Considering macro economic effects, a great balance sheet, and a recent PT raises toward the $200 level, I can see this stock following the provided trend channel and inching towards ATHs again.
In the short term, I would look for this stock to close a recent gap in the high 160s then try to break its recent highs before inching towards some of those analyst PTs.
In the short term, I would look for this stock to close a recent gap in the high 160s then try to break its recent highs before inching towards some of those analyst PTs.