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Archive
- 2/27/2026 -
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Occidental Petroleum (OXY) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the Occidental Petroleum (OXY). During the week, the OXY gained 1.24 points, or 2.39%, and closed at 53.08 on Friday, February 27, 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 September 14, 2023 at 67.67 and reached 34.79 on April 9, 2025. OXY lost 32.88 points, or 48.59%, in 81 weeks. The price is now at the 55.63% retracement level.
 Medium-term trend: [See OXY medium-term trend chart]
A medium-term uptrend had started on December 16, 2025 at 38.80 and reached 53.33 on February 23, 2026. OXY gained -14.53 points, or -37.45%, in 9 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (46.51) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
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 near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 February 26, 2026 at 49.81 and reached 53.24 on February 27, 2026. OXY gained -3.43 points, or -6.89%, in 1 days. Price is near the trend high.
 Daily Technical Indicators: [See OXY daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range.
The daily MACD line is above its signal line since February 18, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.
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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 |
12 |
| Industry |
Oil & Gas Exploration & Production |
108 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
49.81 |
| Low Date |
02/26/2026 |
| High |
53.24 |
| High Date |
02/27/2026 |
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| Weekly 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 |
49.81 |
| Low Date |
02/26/2026 |
| High |
53.24 |
| High Date |
02/27/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Resistance |
| Resistance |
49.73 |
| Support |
46.51 |
| Low |
38.80 |
| Low Date |
12/16/2025 |
| High |
53.33 |
| High Date |
02/23/2026 |
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| Quarterly 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 |
67.67 |
| High Date |
09/14/2023 |
| Low |
34.79 |
| Low Date |
04/09/2025 |
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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 |
77.13 |
| High Date |
08/29/2022 |
| Low |
34.79 |
| Low Date |
04/09/2025 |
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