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Archive
- 3/13/2026 -
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Occidental Petroleum (OXY) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a fourth consecutive positive week for the Occidental Petroleum (OXY). During the week, the OXY gained 3.69 points, or 6.81%, and closed at 57.88 on Friday, March 13, 2026. Weekly volume was 133% 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 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 70.23% 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 59.15 on March 12, 2026. OXY gained -20.35 points, or -52.45%, in 12 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (58.36). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the 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 March 2, 2026 at 56.34 and reached 59.15 on March 12, 2026. OXY gained -2.81 points, or -4.99%, in 10 days. The price is now at the 45.20% retracement level.
 Daily Technical Indicators: [See OXY daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is above its signal line since February 18, 2026. This is an indication that the short-term trend is up.
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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 |
118 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
56.34 |
| Low Date |
03/02/2026 |
| High |
59.15 |
| High Date |
03/12/2026 |
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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 |
56.34 |
| Low Date |
03/02/2026 |
| High |
59.15 |
| High Date |
03/12/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Test Resistance |
| Resistance |
58.36 |
| Support |
47.97 |
| Low |
38.80 |
| Low Date |
12/16/2025 |
| High |
59.15 |
| High Date |
03/12/2026 |
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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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