OCCIDENTAL PETROLEUM-CW27 (OXY.W) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OXY.W - US7310681025
We assign a technical rating of 0 out of 10 to OXY.W. OXY.W scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
OXY.W has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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17.09
When analyzing the support we notice one important area.
- A support zone ranging from 17.26 to 17.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 6 important resistance areas.
- A resistance zone ranging from 19.10 to 19.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 20.43 to 20.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @21.29 from a horizontal line in the daily time frame.
- Resistance @21.93 from a trend line in the weekly time frame.
- Resistance @23.99 from a trend line in the weekly time frame.
- Resistance @25.10 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for OXY.W is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OXY.W is down. |
| ChartMill Relative Strength | 10.73 | NEGATIVE | OXY.W has a low relative strength, it was outperformed by 89.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OXY.W is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OXY.W is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OXY.W is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.51 | NEUTRAL | The RSI value for OXY.W is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests OXY.W has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.43 | NEUTRAL | The Stochastics value for OXY.W is a neutral value. |
| Average True Range in percent/ATR (20) | 5.21 | HIGH VOLATILITY | The high ATR as a percentage value for OXY.W suggests high volalility. |
| Average Directional Index/ADX (14) | 10.84 | NEGATIVE | The low ADX value for OXY.W suggests a weak or negative trend. |
18.1701
-0.18 (-0.98%)
OCCIDENTAL PETROLEUM-CW27 / OXY.W FAQ
What is the technical rating for OXY.W stock?
ChartMill assigns a technical rating of 0 / 10 to OXY.W.
Can you provide the trend direction for OCCIDENTAL PETROLEUM-CW27?
The current trend direction for OCCIDENTAL PETROLEUM-CW27 (OXY.W) is Bearish.
Can you provide the RSI signal for OCCIDENTAL PETROLEUM-CW27?
OCCIDENTAL PETROLEUM-CW27 (OXY.W) has an RSI value of 42.5051. This indicates that the stock is currently neutral.
Can you provide the short term momentum for OCCIDENTAL PETROLEUM-CW27?
The short term momentum for OCCIDENTAL PETROLEUM-CW27 (OXY.W) is negative.
Can you provide the support and resistance levels for OCCIDENTAL PETROLEUM-CW27?
OCCIDENTAL PETROLEUM-CW27 (OXY.W) has a support level at 17.27 and a resistance level at 19.1. Check the full technical report for our detailed analysis of OXY.W support and resistance levels.