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Archive
- 1/16/2026 -
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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 gave back -0.16 points, or -0.37%, and closed at 42.70 on Friday, January 16, 2026. Weekly volume was 10% above 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 trend support level is at 28.32 and resistance is at 45.79. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.
 Medium-term trend: [See OXY medium-term trend chart]
A medium-term downtrend had started on September 30, 2025 at 49.45 and reached 38.80 on December 16, 2025. OXY lost 10.65 points, or 21.54%, in 11 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See OXY weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 December 16, 2025 at 38.80 and reached 45.11 on January 14, 2026. OXY gained -6.31 points, or -16.26%, in 29 days. Price is near the Fibonacci 38.2% retracement level.
Daily Technical Indicators: [See OXY daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since December 29, 2025. This is an indication that the short-term trend is up.
A Parabolic SAR (stop and reversal) indicator (42.59) comes close to the price (42.70). It indicates that the trend is getting weaker. 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.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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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