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Archive
- 5/22/2026 -
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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 -0.81 points, or -1.36%, and closed at 58.81 on Friday, May 22, 2026. OXY was trading at average weekly trading volume.
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 (25.00) 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 resistance line (55.04) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 above its signal line since January 9, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 March 31, 2026 at 67.45 and reached 51.96 on April 17, 2026. OXY lost 15.49 points, or 22.97%, in 17 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (53.67) 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 short-term trend.
Daily Technical Indicators: [See OXY daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since May 14, 2026. The distance between MACD and the signal line is low, but getting bigger.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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