OCCIDENTAL PETROLEUM CORP (OXY) Stock Technical Analysis
NYSE:OXY - New York Stock Exchange, Inc. - US6745991058 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to OXY. Recently some decent action could be observed, but in the medium term time frame this is still negative. OXY was also a bad performer in the overall market in the last year.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, OXY is a bad performer in the overall market: 87% of all stocks are doing better.
OXY is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry, of which 78% are performing better than OXY.
OXY has an average volume of 11583100 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 41.65 - 47.33 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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.
More info and screens
41.58
52.62
We found 1 important support area.
- A support zone ranging from 42.00 to 42.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 45.35 to 45.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 46.46 to 46.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @48.27 from a trend line in the daily time frame.
- Resistance @49.91 from a horizontal line in the daily time frame.
- Resistance @52.10 from a horizontal 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 | 13.89 | NEGATIVE | OXY has a low relative strength, it was outperformed by 86.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of OXY is below 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 | NEGATIVE | The current price of OXY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.91 | NEUTRAL | The RSI value for OXY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests OXY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.1 | NEUTRAL | The Stochastics value for OXY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.86 | MEDIUM VOLATILITY | The ATR as a percentage value for OXY suggests some volalility. |
| Average Directional Index/ADX (14) | 17.41 | 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)
43.8
-0.13 (-0.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.3%
1 Week1.48%
2 Weeks-3.42%
1 Month4.51%
3 Month8.04%
6 Month-13.28%
12 Month-29.11%
2 Year-30.62%
3 Year-33.38%
5 Year178.27%
10 Year-37.61%
15 Year-43.8%
Volatility
ATR(14)1.37
ATR(20)%2.86%
ATR Inc-40.02%
Range Today0.41
ADR(20)1.15
ADR(20)%2.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.89
Mansfield-1.81
10 Day High47.33
10 Day Low41.65
20 Day High47.33
20 Day Low41.65
52 Week High64.76
52 Week Low34.78
CS1 End40.77
CR1 Start42.86
Volume & EV
DER(3)2.62%
DER(5)0.45%
Volume4.58M
Volume Incr-19.91%
Vol(5)10.86M
Vol(50)11.58M