Technical Analysis

Technical Analysis of PBF Stock

Price Action and Recent Performance:

• Current Price: 20.529999999999998 (as of 2025-03-14)
• Close Price: 20.74 on 2025-03-14, showing a +5.44% gain during regular market hours.
• Recent Volatility: Pre-market (-0.51%) and post-market (-1.01%) changes indicate some uncertainty.

Technical Indicators:

• RSI:

  • RSI_6: 47.84
  • RSI_12: 38.27
  • RSI_14: 37.59
  • Insight: Below 50, suggesting bearish momentum but not oversold.

• Stochastic Oscillator:

  • StochK: 24.55
  • StochD: 21.67
  • Insight: In lower range, nearing oversold territory.

• MACD:

  • MACD: -1.74
  • Signal: 0.10
  • Insight: Bearish crossover, indicating downward momentum.

• Fibonacci Levels:

  • Pivot: 20.50
  • Resistance: 21.70, 22.43
  • Support: 19.31, 18.57
  • Insight: Testing lower support, potential bounce if held.

Bollinger Bands:

• The stock is near the lower band, suggesting potential undervaluation but risking a breakdown.

Volume Analysis:

• Average volume around 2-3 million, not indicating strong conviction in price moves.

News Sentiment:

• Analyst downgrades from BofA and Wells Fargo, leadership transition, adding negative pressure.

Conclusion:

• Recommendation: Avoid buying at current levels. Consider selling if the stock fails to hold above the Fibonacci pivot or breaks below the lower Bollinger Band.

Disclaimer: This analysis is for informational purposes only and should not be considered as investment advice. Always conduct your own research or consult a financial advisor before making investment decisions.