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Archive
- 7/2/2026 -
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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 dropped -1.08 points, or -2.16%, and closed at 48.91 on Thursday, July 2, 2026. Weekly volume was -23% below average.
OXY is a member of Energy Sector. Energy is the second most oversold 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 (23.99) 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 uptrend had started on December 16, 2025 at 38.80 and reached 67.45 on March 31, 2026. OXY gained -28.65 points, or -73.84%, in 15 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (60.20) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. OXY may retest the broken support line. It is considered to be a resistance 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 support in a medium-term trend.
 Weekly Technical Indicators: [See OXY weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 May 22, 2026. Use the following link to access a MACD help.
 Short-term trend: [See OXY short-term trend chart]
A short-term downtrend had started on May 20, 2026 at 61.24 and reached 47.77 on July 1, 2026. OXY lost 13.47 points, or 22.00%, in 42 days. The chart has formed a Broadening Descending Wedge chart pattern.
 Daily Technical Indicators: [See OXY daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since June 4, 2026. This is an indication that the short-term trend is down.
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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 |
2 |
| Industry |
Oil & Gas Exploration & Production |
13 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| High |
61.24 |
| High Date |
05/20/2026 |
| Low |
47.77 |
| Low Date |
07/01/2026 |
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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 |
67.45 |
| High Date |
03/31/2026 |
| Low |
47.77 |
| Low Date |
07/01/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Support |
| Resistance |
56.09 |
| Support |
60.20 |
| Low |
38.80 |
| Low Date |
12/16/2025 |
| High |
67.45 |
| High Date |
03/31/2026 |
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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 |
41.41 |
| Support |
23.99 |
| High |
77.13 |
| High Date |
08/29/2022 |
| Low |
34.79 |
| Low Date |
04/09/2025 |
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