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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of OXY
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Occidental stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 14, 2024)

Hold candidate since Jun 14, 2024 PDF

The Occidental stock price gained 0.0669% on the last trading day (Friday, 14th Jun 2024), rising from $59.80 to $59.84. During the last trading day the stock fluctuated 1.25% from a day low at $59.13 to a day high of $59.87. The price has fallen in 6 of the last 10 days and is down by -4.26% for this period. Volume fell on the last day by -619 thousand shares and in total, 8 million shares were bought and sold for approximately $505.15 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $58.97 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.12% during the next 3 months and, with a 90% probability hold a price between $53.59 and $58.74 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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OXY Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 0.605%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Occidental stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $60.08 and $62.69. A break-up above any of these levels will issue buy signals.

Support, Risk & Stop-loss for Occidental stock

Occidental finds support from accumulated volume at $59.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.740 (1.25%) between high and low. For the last week, the stock has had daily average volatility of 1.53%.

Our recommended stop-loss: $56.57 (-5.46%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 45 days ago.)

Trading Expectations (OXY) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Occidental Petroleum Corporation to open at $59.61, and during the day (based on 14 day Average True Range), to move between $58.75 and $60.93, which gives a possible trading interval of +/-$1.09 (+/-1.83%) up or down from last closing price. If Occidental Petroleum Corporation takes out the full calculated possible swing range there will be an estimated 3.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $59.80 (0.07%) than the resistance at $66.82 (11.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Occidental Petroleum Corporation stock A Buy?

Occidental holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.720 Hold/Accumulate Upgraded

Predicted Opening Price for Occidental Petroleum Corporation of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
$59.61 ( 0.379%) $59.84

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for OXY

Fibonacci Support & Resistance Levels

Level Price
R3 60.35 0.86%
R2 60.07 0.385%
R1 59.90 0.0936%
Price 59.84
S1 59.33 -0.85%
S2 59.16 -1.14%
S3 58.87 -1.62%

Accumulated Volume Support & Resistance Levels

Level Price
R3 69.25 15.73%
R2 69.01 15.32%
R1 66.82 11.66%
Price 59.84
S1 59.80 -0.0668%
S2 59.48 -0.602%
S3 0 -

OXY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 01, 2024 Jun 10, 2024 Jul 15, 2024 $0.220 0.368%
2 May 01, 2024 Jun 07, 2024 Jul 15, 2024 $0.220 0.368%
3 Feb 08, 2024 Mar 07, 2024 Apr 15, 2024 $0.220 0.322%
4 Oct 31, 2023 Dec 07, 2023 Jan 16, 2024 $0.180 0.318%
5 Jul 26, 2023 Sep 07, 2023 Oct 13, 2023 $0.180 0.280%

FAQ

What is the symbol for Occidental Stock and on which exchange is it traded?
The symbol for Occidental is OXY and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Occidental Stock?
Occidental holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Occidental Stock?
Occidental Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Occidental Stock.

What's the current price of Occidental Stock?
As of the end of day on the Jun 14, 2024, the price of an Occidental (OXY) share was $59.84.

What is the 52-week high and low for Occidental Stock?
The 52-week high for Occidental Stock is $71.19 and the 52-week low is $55.12.

What is the market capitalization of Occidental Stock?
As of the Jun 14, 2024, the market capitalization of Occidental is 53.056B.

When is the next earnings date for Occidental?
The upcoming earnings date for Occidental is Aug 07, 2024.
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About Occidental Petroleum Corporation

Occidental Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, Africa, and Latin America. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. Its Chemica... OXY Profile

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