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Downtrend Broken Resist.Archive
- 6/20/2025 -
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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 dropped -0.82 points, or -1.77%, and closed at 45.63 on Friday, June 20, 2025. Weekly volume was 67% above average.
 Long-term trend: [See OXY long-term trend chart]
A long-term downtrend had started on April 12, 2024 at 71.18 and reached 34.79 on April 9, 2025. OXY lost 36.39 points, or 51.12%, in 51 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (27.92) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. OXY may retest the broken resistance line. It is considered to be a support line now. 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 long-term trend.
 Medium-term trend: [See OXY medium-term trend chart]
A medium-term uptrend had started on April 9, 2025 at 34.79 and reached 46.81 on June 18, 2025. OXY gained -12.02 points, or -34.55%, in 10 weeks. The price is now at the 9.82% retracement level.
 Weekly Technical Indicators: [See OXY weekly technical indicators chart]
Weekly technical indicators are neutral.
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 May 22, 2025 at 40.16 and reached 46.81 on June 18, 2025. OXY gained -6.65 points, or -16.56%, in 27 days. The chart has formed a Broadening Ascending Wedge chart pattern.
 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. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 and Williams' Percentage Range help.
The daily MACD line is above its signal line since June 2, 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.
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