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Archive - 9/5/2025 - Sign In to see current Signals. |
Occidental Petroleum (OXY) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :  Move cursor over the icon to see details.
| | It was the negative week for the Occidental Petroleum (OXY). During the week, the OXY dropped -1.70 points, or -3.57%, and closed at 45.91 on Friday, September 5, 2025. It was the worst weekly loss since July 18, 2025. Weekly volume was -27% 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 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 33.82% retracement level.
Medium-term trend: [See OXY medium-term trend chart] A medium-term uptrend had started on April 9, 2025 at 34.79 and reached 48.11 on September 2, 2025. OXY gained -13.32 points, or -38.29%, in 20 weeks. The price is now at the 16.52% 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 above its signal line since May 30, 2025. This is an indication that the medium-term trend is up. 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, 2025 at 41.65 and reached 48.11 on September 2, 2025. OXY gained -6.46 points, or -15.51%, in 63 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 43.50 and resistance is at 48.18. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.
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. Use the following link to access Lane's Stochastic help. The daily MACD line is above its signal line since August 12, 2025. 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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