OCCIDENTAL PETROLEUM CORP (OXY) Stock Technical Analysis
USA - NYSE:OXY - US6745991058 - Common Stock
47.76 USD
+2.29 (+5.04%)
47.67 USD
-0.09 (-0.19%)
We assign a technical rating of 5 out of 10 to OXY. OXY has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, OXY is a bad performer in the overall market: 73% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month OXY has a been trading in the 43.62 - 48.10 range, which is quite wide. It is currently trading near the high of this range.
OXY has an average volume of 9608650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
OXY is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry, OXY did better than 50% of them.
OXY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OXY is lagging the market.
OXY has an average technical rating and it also does not offer a high quality setup 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.
More info and screens
41.59
48.54
4 important support areas can be observed.
- Support @47.75 from a trend line in the daily time frame.
- A support zone ranging from 44.74 to 46.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @43.40 from a horizontal line in the weekly time frame.
- A support zone ranging from 42.01 to 42.53. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 47.77 to 48.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for OXY is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OXY is up. |
| ChartMill Relative Strength | 27.01 | NEGATIVE | OXY has a low relative strength, it was outperformed by 72.99% 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 | MIXED | The current price of OXY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.86 | NEUTRAL | The RSI value for OXY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests OXY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.88 | NEUTRAL | The Stochastics value for OXY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for OXY suggests some volalility. |
| Average Directional Index/ADX (14) | 14.45 | 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)
47.76
+2.29 (+5.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg5.04%
1 Week5.8%
2 Weeks-0.6%
1 Month8.03%
3 Month4.67%
6 Month-0.38%
12 Month-7.51%
2 Year-26.39%
3 Year-22.28%
5 Year377.12%
10 Year-27.8%
15 Year-39%
Volatility
ATR(14)1.28
ATR(20)%2.51%
ATR Inc34.12%
Range Today2.18
ADR(20)1.15
ADR(20)%2.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.01
Mansfield-0.8
10 Day High48.08
10 Day Low44.77
20 Day High48.11
20 Day Low43.62
52 Week High56.49
52 Week Low34.78
CS1 End47.75
CR1 Start47.77
Volume & EV
DER(3)-0.23%
DER(5)2%
Volume13.81M
Volume Incr-7.84%
Vol(5)7.47M
Vol(50)9.61M