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Archive
- 10/16/2026 -
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Occidental Petroleum (OXY) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third consecutive positive week for the Occidental Petroleum (OXY). During the week, the OXY gained 2.27 points, or 3.78%, and closed at 62.38 on Friday, October 16, 2026. It was the best weekly gain since August 21, 2026. Weekly volume was -23% below average.
OXY is a member of Energy Sector. Energy is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 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 (21.23) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. OXY may retest the broken resistance line. It is considered to be a support line now. 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 September 15, 2026 at 63.77 and reached 54.76 on September 29, 2026. OXY lost 9.01 points, or 14.13%, in 2 weeks. The price is now at the 84.57% retracement level.
 Weekly Technical Indicators: [See OXY weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is below its signal line since September 25, 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 September 29, 2026 at 54.76 and reached 62.51 on October 16, 2026. OXY gained -7.75 points, or -14.15%, in 17 days. Price is near the trend high.
 Daily Technical Indicators: [See OXY daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since October 6, 2026. This is an indication that the short-term trend is up.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Energy |
10 |
| Industry |
Oil & Gas Exploration & Production |
110 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
54.76 |
| Low Date |
09/29/2026 |
| High |
62.51 |
| High Date |
10/16/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
63.77 |
| High Date |
09/15/2026 |
| Low |
54.76 |
| Low Date |
09/29/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
47.77 |
| Low Date |
07/01/2026 |
| High |
63.77 |
| High Date |
09/15/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
34.79 |
| Low Date |
04/09/2025 |
| High |
67.45 |
| High Date |
03/31/2026 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Broken Resistance |
| Resistance |
38.65 |
| Support |
21.23 |
| High |
77.13 |
| High Date |
08/29/2022 |
| Low |
34.79 |
| Low Date |
04/09/2025 |
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