OCCIDENTAL PETROLEUM CORP (OXY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OXY - US6745991058 - Common Stock
Overall OXY gets a technical rating of 1 out of 10. OXY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
OXY has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 41.36, a Stop Loss order could be placed below this zone.
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38.42
We found 3 important support areas.
- A support zone ranging from 40.78 to 41.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @40.12 from a trend line in the daily time frame.
- Support @38.81 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 41.50 to 41.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 42.63 to 43.00. 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 @45.84 from a trend line in the weekly time frame.
- A resistance zone ranging from 47.00 to 47.62. 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 | 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 | 19.48 | NEGATIVE | OXY has a low relative strength, it was outperformed by 80.52% 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) | DOWN | NEGATIVE | The current price of OXY is below 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) | 46.23 | NEUTRAL | The RSI value for OXY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests OXY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 41.83 | NEUTRAL | The Stochastics value for OXY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.54 | MEDIUM VOLATILITY | The ATR as a percentage value for OXY suggests some volalility. |
| Average Directional Index/ADX (14) | 14.44 | NEGATIVE | The low ADX value for OXY suggests a weak or negative trend. |
41.42
+0.01 (+0.02%)
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 trend direction for 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 46.2275. This indicates that the stock is currently neutral.
Can you provide the short term momentum for OCCIDENTAL PETROLEUM CORP?
The short term momentum for OCCIDENTAL PETROLEUM CORP (OXY) is neutral.
What are the support and resistance levels for OCCIDENTAL PETROLEUM CORP (OXY) stock?
OCCIDENTAL PETROLEUM CORP (OXY) has a support level at 41.36 and a resistance level at 41.5. Check the full technical report for our detailed analysis of OXY support and resistance levels.