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Archive
- 7/31/2026 -
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Occidental Petroleum (OXY) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Occidental Petroleum (OXY). During the week, the OXY gave back -0.23 points, or -0.40%, and closed at 57.07 on Friday, July 31, 2026. Weekly volume was -35% below average.
 Long-term trend: [See OXY long-term trend chart]
A long-term downtrend had started on August 29, 2022 at 77.13 and reached 34.79 on April 9, 2025. OXY lost 42.34 points, or 54.89%, in 136 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (23.25) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See OXY medium-term trend chart]
A medium-term downtrend had started on March 31, 2026 at 67.45 and reached 47.77 on July 1, 2026. OXY lost 19.68 points, or 29.18%, in 13 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (46.04) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See OXY weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since May 22, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See OXY short-term trend chart]
A short-term uptrend had started on July 1, 2026 at 47.77 and reached 58.99 on July 23, 2026. OXY gained -11.22 points, or -23.49%, in 22 days. The price is now at the 17.11% retracement level.
Daily Technical Indicators: [See OXY daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since July 7, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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