OCCIDENTAL PETROLEUM CORP (OXY) Technical Analysis
NYSE:OXY • US6745991058
Current stock price
OXY Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to OXY. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month OXY has a been trading in the 51.96 - 67.45 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- When comparing the yearly performance of all stocks, we notice that OXY is one of the better performing stocks in the market, outperforming 80% of all stocks.
- OXY has an average volume of 18106200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- OXY is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 59% of 209 stocks in the same industry.
- 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 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
40.13
When analyzing the support we can see 4 important areas.
- Support @51.19 from a trend line 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 @40.54 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The short term trend for OXY is down. |
| ChartMill Relative Strength | 80.95 | POSITIVE | OXY has a high relative strength, it outperformed 80.95% 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) | UP | MIXED | The current price of OXY is below 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) | 36.79 | NEUTRAL | The RSI value for OXY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.31 | NEGATIVE | The MACD value suggests OXY has a negative trend. |
| Stochastics (14,3) | 10.69 | OVERSOLD | The low Stochastics value suggests OXY may be oversold. |
| Average True Range in percent/ATR (20) | 4.93 | MEDIUM VOLATILITY | The ATR as a percentage value for OXY suggests some volalility. |
| Average Directional Index/ADX (14) | 28.42 | 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
53.79
-3.08 (-5.42%)
OCCIDENTAL PETROLEUM CORP / OXY TA 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 Bullish.
What is the RSI signal for OXY stock?
OCCIDENTAL PETROLEUM CORP (OXY) has an RSI value of 36.7948. 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 51.19. Check the full technical report for our detailed analysis of OXY support and resistance levels.