OCCIDENTAL PETROLEUM CORP (OXY) Stock Technical Analysis
NYSE:OXY - New York Stock Exchange, Inc. - US6745991058 - Common Stock - Currency: USD
Overall OXY gets a technical rating of 2 out of 10. In the past year, OXY was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, OXY is a bad performer in the overall market: 86% of all stocks are doing better.
OXY is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 78% of 211 stocks in the same industry do better.
OXY is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month OXY has a been trading in the 41.65 - 47.33 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
OXY has an average volume of 11639800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, OXY does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
41.58
52.62
2 important support areas can be observed.
- A support zone ranging from 43.44 to 43.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 42.00 to 42.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 45.35 to 45.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 46.46 to 46.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @48.31 from a trend line in the daily time frame.
- Resistance @49.91 from a horizontal line in the daily time frame.
- Resistance @52.10 from a horizontal 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 is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OXY is neutral. |
| ChartMill Relative Strength | 14.21 | NEGATIVE | OXY has a low relative strength, it was outperformed by 85.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OXY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OXY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OXY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.59 | NEUTRAL | The RSI value for OXY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests OXY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.01 | NEUTRAL | The Stochastics value for OXY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.98 | MEDIUM VOLATILITY | The ATR as a percentage value for OXY suggests some volalility. |
| Average Directional Index/ADX (14) | 17.71 | NEGATIVE | The low ADX value for OXY suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
43.93
+1.07 (+2.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2.5%
1 Week3.56%
2 Weeks-4.46%
1 Month2.9%
3 Month8.36%
6 Month-13.03%
12 Month-28.9%
2 Year-30.41%
3 Year-33.19%
5 Year179.1%
10 Year-37.42%
15 Year-43.63%
Volatility
ATR(14)1.4
ATR(20)%2.98%
ATR Inc4.56%
Range Today1.26
ADR(20)1.2
ADR(20)%2.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.21
Mansfield-1.72
10 Day High47.33
10 Day Low41.65
20 Day High47.33
20 Day Low41.65
52 Week High64.76
52 Week Low34.78
CS1 End40.77
CR1 Start42.86
Volume & EV
DER(3)1.09%
DER(5)0.99%
Volume8.79M
Volume Incr-7.29%
Vol(5)12.33M
Vol(50)11.64M