OCCIDENTAL PETROLEUM CORP (OXY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OXY - US6745991058 - Common Stock
41.74 USD
+0.51 (+1.24%)
41.65 USD
-0.09 (-0.22%)
We assign a technical rating of 2 out of 10 to OXY. 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.
When comparing the yearly performance of all stocks, OXY is a bad performer in the overall market: 80% of all stocks are doing better.
OXY is part of the Oil, Gas & Consumable Fuels industry. There are 208 other stocks in this industry, of which 62% are performing better than OXY.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
OXY has an average volume of 9463290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
In the last month OXY has a been trading in the 38.80 - 43.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of OXY is bad and it also does not present a 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
38.42
48.10
2 important support areas can be observed.
- A support zone ranging from 40.73 to 41.24. 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 39.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 41.87 to 42.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 44.39 to 45.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @47.62 from a horizontal line in the weekly 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 | 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 | 20.39 | NEGATIVE | OXY has a low relative strength, it was outperformed by 79.61% 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) | DOWN | MIXED | The current price of OXY is above a declining 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) | 54.08 | NEUTRAL | The RSI value for OXY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests OXY has a positive trend. |
| Stochastics (14,3) | 71.01 | NEUTRAL | The Stochastics value for OXY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for OXY suggests some volalility. |
| Average Directional Index/ADX (14) | 13.97 | 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)
41.74
+0.51 (+1.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.24%
1 Week3.29%
2 Weeks5.35%
1 Month-1.63%
3 Month-0.97%
6 Month-9.87%
12 Month-18.64%
2 Year-27.5%
3 Year-35.58%
5 Year108.08%
10 Year-39.36%
15 Year-56.83%
Volatility
ATR(14)1.1
ATR(20)%2.48%
ATR Inc98.1%
Range Today0.98
ADR(20)0.96
ADR(20)%2.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.39
3 months CRS34.75
6 months CRS21.5
Mansfield-1.53
10 Day High43.2
10 Day Low39.45
20 Day High43.2
20 Day Low38.8
52 Week High53.2
52 Week Low34.78
CS1 End41.24
CR1 Start41.87
Volume & EV
DER(3)0.39%
DER(5)1.94%
Volume14.05M
Volume Incr38.9%
Vol(5)12.65M
Vol(50)9.46M
OCCIDENTAL PETROLEUM CORP / OXY FAQ
Can you provide the ChartMill technical rating for OCCIDENTAL PETROLEUM CORP?
ChartMill assigns a technical rating of 2 / 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 54.08. 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 0.228549, indicating a bearish trend.