OCCIDENTAL PETROLEUM CORP (OXY)
US6745991058 - Common Stock
We assign a technical rating of 8 out of 10 to OXY. Although OXY is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
OXY is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so OXY is performing more or less in line with the market.
In the last month OXY has a been trading in the 62.93 - 71.19 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 8554180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, OXY did better than 75% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
OXY is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 53% of 214 stocks in the same industry.
OXY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 67.17, a Stop Loss order could be placed below this zone.
More info and screens
54.99
69.95
We found 4 important support areas.
- A support zone ranging from 65.98 to 67.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @61.47 from a horizontal line in the daily time frame.
- Support @59.13 from a trend line in the daily time frame.
- A support zone ranging from 55.55 to 55.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 69.04 to 69.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.28
Mansfield-0.06
10 Day High71.19
10 Day Low65.51
20 Day High71.19
20 Day Low62.93
52 Week High71.19
52 Week Low55.12
Performance
1 Week0.85%
2 Weeks-1.69%
1 Month4.4%
3 Month15.39%
6 Month8.29%
12 Month9.52%
2 Year22.33%
3 Year165.73%
5 Year14.45%
10 Year-29.62%
15 Year19.72%
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)
Technical Indicators
MACD(12,26,9)-0.38
RSI(14)59.04
LBB65.54
UBB70.11
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 69.27 | 65.97 | 3.30 (4.76%) | 20.99% |
| An entry @69.27. This is a Buy Stop order right above the resistance zone. | An exit @65.97. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.30 points, which is 4.76%. | When investing 20.99% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
OCCIDENTAL PETROLEUM CORP
NYSE:OXY (4/23/2024, 7:17:43 PM)
After market: 67.43 +0.04 (+0.06%)67.39
+0.39 (+0.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.58%
1 Week0.85%
2 Weeks-1.69%
1 Month4.4%
3 Month15.39%
6 Month8.29%
12 Month9.52%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.49
ATR(20)%2.16%
ATR Inc
Range Today1.09
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High71.19
10 Day Low65.51
20 Day High71.19
20 Day Low62.93
52 Week High71.19
52 Week Low55.12
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume5.39M
Volume Incr-12.25%
Vol(5)7.11M
Vol(50)8.55M