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(OXY) Occidental Petroleum complete technical analysis [charts+indicators] | Buy/Sell Occidental Petroleum | (OXY) share price targets

Complete technical analysis of Occidental Petroleum (OXY) by charts plus indicators, forecast predictions and share price targets for Occidental Petroleum (OXY)

Occidental Petroleum trades in USA in Energy sector.

Showing technical analysis as on 2024-02-28 View latest technical analysis

10 day averaged volume of Occidental Petroleum is 11821090

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	60.26	60.50	61.29	60.23	0.663 times
27 Tue Feb 2024	60.60	60.93	60.99	60.17	0.597 times
26 Mon Feb 2024	60.47	59.70	60.76	59.57	0.72 times
23 Fri Feb 2024	60.02	60.00	60.23	59.45	0.659 times
22 Thu Feb 2024	60.53	60.19	60.87	59.82	0.793 times
21 Wed Feb 2024	60.47	59.57	60.53	59.33	0.873 times
20 Tue Feb 2024	59.56	60.53	60.53	59.15	1.429 times
16 Fri Feb 2024	60.52	60.38	60.88	60.08	1.14 times
15 Thu Feb 2024	60.11	57.45	60.14	57.38	1.858 times
14 Wed Feb 2024	57.30	57.80	58.33	57.06	1.059 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 60.2, but if it comes below 60.2, then a intra day sell could be more profitable.
If you take a sell trade below 60.2, then use 60.2 as stoploss and 58.76 as target. However if you take a buy trade in stock , then use 60.2 as stoploss and 61.9 as target.

Share price targets for Occidental Petroleum (OXY)

Target Type	Value
Downside Target	55.12
Downside Target	58.41
Downside Target	59.57
Upside Target	60.87
Upside Target	60.88
Upside Target	61.05
Upside Target	61.29
Upside Target	61.94
Upside Target	63.44
Upside Target	66.95

Intraday share price targets for Occidental Petroleum (OXY)

Target Type	Value
Downside Intraday Target	59.46
Downside Intraday Target	58.65
Upside Intraday Target	61.18
Upside Intraday Target	62.09
Upside Intraday Target	60.37

Weekly technical analysis of Occidental Petroleum (OXY)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	60.26	59.70	61.29	59.57	0.527 times
23 Fri Feb 2024	60.02	60.53	60.87	59.15	0.661 times
16 Fri Feb 2024	60.52	57.53	60.88	57.03	1.556 times
09 Fri Feb 2024	57.47	56.82	58.41	56.07	0.978 times
02 Fri Feb 2024	57.04	58.35	58.99	56.73	1.14 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Occidental Petroleum (OXY)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	60.26	57.91	61.29	56.07	0.98 times
31 Wed Jan 2024	57.57	60.18	61.05	55.53	0.843 times
29 Fri Dec 2023	59.71	59.10	61.94	55.12	1.362 times
30 Thu Nov 2023	59.15	62.15	63.44	59.01	0.8 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Occidental Petroleum (OXY)

Price action analysis of Occidental Petroleum ( (OXY) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Occidental Petroleum ( (OXY) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Occidental Petroleum ( (OXY) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Occidental Petroleum ( (OXY) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Occidental Petroleum stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Occidental Petroleum in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Occidental Petroleum Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a buy signal for Occidental Petroleum in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Occidental Petroleum is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 59.9 and Occidental Petroleum (OXY) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Occidental Petroleum (OXY) stock. Volume based technical analysis of Occidental Petroleum (OXY) stock is negative.

Occidental Petroleum Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.