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Archive
- 3/21/2025 -
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Occidental Petroleum (OXY) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a first positive week after 3 consecutive negative weeks for the Occidental Petroleum (OXY). During the week, the OXY gained 1.41 points, or 3.03%, and closed at 47.94 on Friday, March 21, 2025. Weekly volume was 24% 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 44.70 on March 5, 2025. OXY lost 22.97 points, or 33.94%, in 76 weeks. The price is now at the 14.11% retracement level.
 Medium-term trend: [See OXY medium-term trend chart]
A medium-term downtrend had started on January 13, 2025 at 53.20 and reached 44.70 on March 5, 2025. OXY lost 8.50 points, or 15.98%, in 7 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 43.99 and resistance is at 52.08. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern 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 3, 2025. The distance between MACD and the signal line is low, but getting bigger. 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 February 20, 2025 at 52.58 and reached 44.70 on March 5, 2025. OXY lost 7.88 points, or 14.99%, in 13 days. The chart has formed a Symmetric Triangle chart pattern.
 Daily Technical Indicators: [See OXY daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. 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 Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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