OCCIDENTAL PETROLEUM CORP (OXY) Technical Analysis
NYSE:OXY • US6745991058
Current stock price
OXY Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to OXY. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, OXY is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- OXY is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so OXY is leading the market.
- In the last month OXY has a been trading in the 49.81 - 61.37 range, which is quite wide. It is currently trading near the high of this range.
- OXY has an average volume of 15513300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, OXY did better than 91% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- OXY is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 67% of 209 stocks in the same industry.
OXY Weekly and Daily overview Charts
OXY Setup Rating and Analysis
Although OXY has an excellent technical rating, it 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
OXY Support and Resistance Analysis
39.92
6 important support areas can be observed.
- Support @56.10 from a trend line in the daily time frame.
- Support @53.11 from a horizontal line in the daily time frame.
- A support zone ranging from 48.38 to 49.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @43.96 from a horizontal line in the daily time frame.
- Support @42.63 from a horizontal line in the daily time frame.
- Support @40.32 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 60.70 to 60.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
OXY Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for OXY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OXY is up. |
| ChartMill Relative Strength | 91.57 | POSITIVE | OXY has a high relative strength, it outperformed 91.57% 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) | UP | POSITIVE | The current price of OXY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.31 | OVERBOUGHT | The high RSI value suggests OXY may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests OXY has a positive trend. |
| Stochastics (14,3) | 89.7 | OVERBOUGHT | The high Stochastics value suggests OXY may be overbought. |
| Average True Range in percent/ATR (20) | 3.18 | MEDIUM VOLATILITY | The ATR as a percentage value for OXY suggests some volalility. |
| Average Directional Index/ADX (14) | 42.82 | POSITIVE | The high ADX value value for OXY suggests a strong trend. |
OXY Chart- and CandleStick Pattern Analysis
OXY Technicals: Chart, Performance Metrics, Trend & Indicators
60.31
-0.4 (-0.66%)
OCCIDENTAL PETROLEUM CORP / OXY TA FAQ
Can you provide the ChartMill technical rating for OCCIDENTAL PETROLEUM CORP?
ChartMill assigns a technical rating of 9 / 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 Bullish.
Can you provide the RSI signal for OCCIDENTAL PETROLEUM CORP?
OCCIDENTAL PETROLEUM CORP (OXY) has an RSI value of 75.3113. This indicates that the stock is currently overbought.
Can you provide the MACD signal for OCCIDENTAL PETROLEUM CORP?
The MACD indicator for OCCIDENTAL PETROLEUM CORP (OXY) has a value of 0.282499, indicating a bearish trend.
Can you provide the buy/sell signal for OCCIDENTAL PETROLEUM CORP?
The buy/sell signal for OCCIDENTAL PETROLEUM CORP (OXY) is buy as both the short term and long term trends are positive.