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(OXY) Occidental Petroleum complete technical analysis [charts+indicators] | Buy/Sell Occidental Petroleum | (OXY) share price targets

Complete technical analysis of Occidental Petroleum (OXY) by charts plus indicators, forecast predictions and share price targets for Occidental Petroleum (OXY)

Occidental Petroleum trades in USA in Energy sector.

10 day averaged volume of Occidental Petroleum is 6466765

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 63.41 62.98 63.55 62.67 1.017 times
16 Thu May 2024 62.86 63.37 63.57 62.72 0.82 times
15 Wed May 2024 63.38 62.90 63.55 62.01 0.99 times
14 Tue May 2024 63.06 62.89 63.29 62.67 0.728 times
13 Mon May 2024 62.91 63.77 63.92 62.51 0.993 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 63.3 as stoploss in an intra day buy trade for a target of 65.12. However, stock will show a bearish move below 63.3.

Share price targets for Occidental Petroleum (OXY)

Target Type Value
Downside Target 55.53
Downside Target 60.01
Upside Target 63.44
Upside Target 65.51
Upside Target 65.78
Upside Target 65.88
Upside Target 65.99
Upside Target 68.02
Upside Target 68.43
Upside Target 69.44
Upside Target 71.19

Intraday share price targets for Occidental Petroleum (OXY)

Target Type Value
Downside Intraday Target 62.31
Downside Intraday Target 61.2
Upside Intraday Target 64.22
Upside Intraday Target 65.02
Downside Intraday Target 63.11

Weekly technical analysis of Occidental Petroleum (OXY)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 63.41 63.77 63.92 62.01 0.834 times
10 Fri May 2024 63.57 64.81 65.78 63.44 1.044 times
03 Fri May 2024 64.39 67.36 68.43 63.66 1.219 times
26 Fri Apr 2024 67.78 66.11 68.02 65.88 0.608 times
19 Fri Apr 2024 66.63 69.24 69.44 65.51 1.07 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Occidental Petroleum (OXY)

Date Monthly Closing Price Open High Low Volume
17 Fri May 2024 63.41 65.68 65.99 62.01 0.484 times
30 Tue Apr 2024 66.14 65.29 71.19 64.57 1.287 times
28 Thu Mar 2024 64.99 60.97 65.13 60.01 0.669 times
29 Thu Feb 2024 60.61 57.91 61.29 56.07 1.077 times

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Occidental Petroleum (OXY)

Indicator Name Indicator Value Indicator Signal
ADX 10, 30, 50 Sell
MACD -1, -1Sell
Stochastics 32None
CCI -53Buy
RSI 39Sell
OBV 14161508Sell
VWAP 64Sell
ADL 0Sell
ROC -2Sell
Force Index 0Sell

Price action analysis of Occidental Petroleum ( (OXY) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Occidental Petroleum ( (OXY) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Occidental Petroleum ( (OXY) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Occidental Petroleum ( (OXY) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Occidental Petroleum stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Occidental Petroleum in short term and the sell signal is strong.

Occidental Petroleum Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Occidental Petroleum in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Occidental Petroleum is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 63.77 and Occidental Petroleum (OXY) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Occidental Petroleum (OXY) stock. Volume based technical analysis of Occidental Petroleum (OXY) stock is negative.

Occidental Petroleum Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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