OCCIDENTAL PETROLEUM CORP (OXY) Stock Technical Analysis
NYSE:OXY - US6745991058 - Common Stock
44.56 USD
+0.29 (+0.66%)
44.61 USD
+0.05 (+0.11%)
Taking everything into account, OXY scores 1 out of 10 in our technical rating. 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.
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.
80% of all other stocks performed better in the past year than OXY.
OXY is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, of which 63% are performing better than OXY.
In the last month OXY has a been trading in the 42.31 - 45.64 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
OXY has an average volume of 12044100 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.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 44.58. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 44.33, a Stop Loss order could be placed below this zone.
More info and screens
41.59
46.92
When analyzing the support we can see 3 important areas.
- A support zone ranging from 44.14 to 44.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 43.40 to 43.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 42.01 to 42.53. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @44.58 from a trend line in the daily time frame.
- Resistance @45.36 from a horizontal line in the daily time frame.
- A resistance zone ranging from 46.45 to 46.46. 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 | 20.5 | NEGATIVE | OXY has a low relative strength, it was outperformed by 79.5% 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) | 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) | 53.72 | NEUTRAL | The RSI value for OXY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests OXY has a positive trend. |
| Stochastics (14,3) | 69.21 | NEUTRAL | The Stochastics value for OXY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for OXY suggests some volalility. |
| Average Directional Index/ADX (14) | 10.01 | 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)
44.56
+0.29 (+0.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.66%
1 Week-0.47%
2 Weeks2.23%
1 Month-0.16%
3 Month7.92%
6 Month-11.62%
12 Month-22.15%
2 Year-29.03%
3 Year-37.24%
5 Year249.77%
10 Year-38.97%
15 Year-39.03%
Volatility
ATR(14)1.09
ATR(20)%2.43%
ATR Inc-15.82%
Range Today1.1
ADR(20)1
ADR(20)%2.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.5
Mansfield-1.28
10 Day High45.07
10 Day Low43.46
20 Day High45.64
20 Day Low42.32
52 Week High58.47
52 Week Low34.78
CS1 End44.33
CR1 Start44.58
Volume & EV
DER(3)2.29%
DER(5)1.58%
Volume6.64M
Volume Incr-20.61%
Vol(5)7.88M
Vol(50)12.04M