OCCIDENTAL PETROLEUM CORP (OXY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OXY - US6745991058 - Common Stock
Taking everything into account, OXY scores 1 out of 10 in our technical rating. OXY's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
OXY has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 41.24. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 40.84, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for OXY in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
38.42
We found 2 important support areas.
- A support zone ranging from 39.75 to 40.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 38.81 to 39.08. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 41.24 to 42.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @44.39 from a horizontal line in the daily time frame.
- Resistance @45.16 from a trend line in the weekly time frame.
- Resistance @46.74 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 is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OXY is neutral. |
| ChartMill Relative Strength | 21.45 | NEGATIVE | OXY has a low relative strength, it was outperformed by 78.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of OXY is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of OXY is below 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) | 51.43 | NEUTRAL | The RSI value for OXY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests OXY has a positive trend. |
| Stochastics (14,3) | 74.99 | NEUTRAL | The Stochastics value for OXY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for OXY suggests some volalility. |
| Average Directional Index/ADX (14) | 12.64 | NEGATIVE | The low ADX value for OXY suggests a weak or negative trend. |
41.12
-0.34 (-0.82%)
OCCIDENTAL PETROLEUM CORP / OXY FAQ
Can you provide the ChartMill technical rating for OCCIDENTAL PETROLEUM CORP?
ChartMill assigns a technical rating of 1 / 10 to OXY.
What is the current trend direction of OCCIDENTAL PETROLEUM CORP (OXY) stock?
The current trend direction for OCCIDENTAL PETROLEUM CORP (OXY) is Bearish.
Can you provide the RSI signal for OCCIDENTAL PETROLEUM CORP?
OCCIDENTAL PETROLEUM CORP (OXY) has an RSI value of 51.4267. This indicates that the stock is currently neutral.
Can you provide the MACD signal for OCCIDENTAL PETROLEUM CORP?
The MACD indicator for OCCIDENTAL PETROLEUM CORP (OXY) has a value of 0.123796, indicating a bearish trend.