OCCIDENTAL PETROLEUM CORP (OXY) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:OXY • US6745991058
Taking everything into account, OXY scores 7 out of 10 in our technical rating. In the last year, OXY was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- 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 42.05 - 46.95 range, which is quite wide. It is currently trading near the high of this range.
- OXY has an average volume of 10448700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, OXY turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
- OXY is part of the Oil, Gas & Consumable Fuels industry. There are 206 other stocks in this industry, OXY did better than 44% 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 excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 47.62. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 44.39, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
38.42
4 important support areas can be observed.
- A support zone ranging from 44.09 to 44.39. 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 42.23 to 42.63. 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 39.61 to 40.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @38.81 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 47.62 to 48.11. 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 | 53.86 | NEUTRAL | OXY is not amongst the best or worst performers 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) | 61.02 | NEUTRAL | The RSI value for OXY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests OXY has a positive trend. |
| Stochastics (14,3) | 81.21 | OVERBOUGHT | The high Stochastics value suggests OXY may be overbought. |
| Average True Range in percent/ATR (20) | 2.98 | MEDIUM VOLATILITY | The ATR as a percentage value for OXY suggests some volalility. |
| Average Directional Index/ADX (14) | 29.25 | POSITIVE | The high ADX value value for OXY suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 48.12 | 44.08 | 4.04 (8.40%) | 11.91% |
| An entry @48.12. This is a Buy Stop order right above the resistance zone. | An exit @44.08. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.04 points, which is 8.40%. | When investing 11.91% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
46.31
+1.22 (+2.71%)
OCCIDENTAL PETROLEUM CORP / OXY FAQ
Can you provide the ChartMill technical rating for OCCIDENTAL PETROLEUM CORP?
ChartMill assigns a technical rating of 7 / 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 61.0186. 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 0.150086, indicating a bearish trend.