OCCIDENTAL PETROLEUM CORP (OXY) Stock Technical Analysis
USA - NYSE:OXY - US6745991058 - Common Stock
Overall OXY gets a technical rating of 0 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.
The technical rating of OXY is bad and it also does not present a 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
40.37
When analyzing the support we notice one important area.
- A support zone ranging from 40.78 to 41.14. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 42.28 to 42.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 43.71 to 45.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @46.38 from a trend line in the weekly time frame.
- A resistance zone ranging from 47.47 to 48.05. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The short term trend for OXY is down. |
| ChartMill Relative Strength | 17.55 | NEGATIVE | OXY has a low relative strength, it was outperformed by 82.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OXY is below a declining 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) | 39.24 | NEUTRAL | The RSI value for OXY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests OXY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.53 | OVERSOLD | The low Stochastics value suggests OXY may be oversold. |
| Average True Range in percent/ATR (20) | 2.52 | MEDIUM VOLATILITY | The ATR as a percentage value for OXY suggests some volalility. |
| Average Directional Index/ADX (14) | 26.09 | POSITIVE | The high ADX value value for OXY suggests a strong trend. |
41.2
+0.5 (+1.23%)
OCCIDENTAL PETROLEUM CORP / OXY FAQ
Can you provide the ChartMill technical rating for OCCIDENTAL PETROLEUM CORP?
ChartMill assigns a technical rating of 0 / 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 39.237. 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 negative.
What are the support and resistance levels for OCCIDENTAL PETROLEUM CORP (OXY) stock?
OCCIDENTAL PETROLEUM CORP (OXY) has a support level at 41.14 and a resistance level at 42.28. Check the full technical report for our detailed analysis of OXY support and resistance levels.