Trading Signals: OXY Stock Price Prediction and Forecast

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Fri. Dec. 22, 2023

Trading Signals: OXY Stock Price Prediction and Forecast (Mon. Mar. 17, 2014 - Fri. Dec. 22, 2023)

(Occidental Petroleum Corporation)
OXY latest price $61.1100 (1.11%) ($60.9600 - $61.9400) on Fri. Dec. 22, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.7% (three month average)
RSI   64
Latest Price   $61.1100(1.11%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   OXY advances 0.9% a day on average for past five trading days.
Weekly Trend   OXY advances 3% a week on average for past two weeks.
Market Behavior   Value stock rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support OXY advance at 0% a week (0% probability)
IWO(94%)    IFRA(93%)    ARKG(89%)    OIH(88%)    XLRE(88%)
Factors Impacting OXY price   OXY will decline at least -0.85% in a week (0% probabilities).
TBT(-57%)    UUP(-42%)    VXX(-27%)    VIXM(-18%)    SPY(-9%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.85% (StdDev 1.7%)
Hourly BBV 0 ()
Intraday Trend -0.3%

5 Day Moving Average   $60.2(1.51%)
10 Day Moving Average   $58.91(3.73%)
20 Day Moving Average   $58.56(4.35%)
To recent high   -8.1%
To recent low   10%
Market Cap   $56.111b

Occidental Petroleum Corp. engages in the exploration and production of oil and natural gas. It operates through the following segments: Oil & Gas, Chemical and Midstream & Marketing. The Oil & Gas segment explores for, develops and produces oil and condensate, natural gas liquids and natural gas. The Chemical segment manufactures and markets basic chemicals and vinyls. The Midstream & Marketing segment purchases, markets, gathers, processes, transports and stores oil, condensate, natural gas liquids, natural gas, carbon dioxide and power. It also trades around its assets, including transportation and storage capacity. The company was founded in 1920 and is headquartered in Houston, TX.

$. OXY price fluctuates within 2.75% (three month std-dev: 1.7%) daily (68% of days).

Sample size 3 Average positive next day return: 1.24%(33%) Average negative next day return: -2.1%(67%) Sample size 3 Average positive next three day return: 2.16%(33%) Average negative next three day return: -3%(67%) Sample size 3 Average positive next weekly return: 2.02%(67%) Average negative next weekly return: -5.69%(33%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

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i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Dec_22_2023	62.3	58.56	58.91	60.2	60.42	60.79	61.11(1.11%)	UT	OpenLong	75	0.6	54	50	32	119	6.02	52%	-0.03	-0.4	1.7%	0	1.6	64	1.4
2	Dec_21_2023	62.32	58.49	58.44	59.69	59.93	60.35	60.44(0.45%)	UT	OpenLong	75	0.5	39	60	23	87	9.84	49%	-0.02	-10.2	1.7%	-0	1.3	55	0.6
3	Dec_20_2023	62.33	58.46	58.03	59.35	59.49	60.05	60.17(-0.22%)	UD	OpenLong	75	0.5	41	70	33	65	11.4	47%	-0.03	-19.5	1.73%	0.6	1.1	52	0.3
4	Dec_19_2023	62.35	58.47	57.65	58.76	59.13	59.51	60.3(2.26%)	UT	OpenLong	75	1	45	60	49	31	11.37	47%	-0.05	-32.3	1.75%	1.6	1.2	47	0.7
5	Dec_18_2023	62.38	58.49	57.32	57.81	58.33	58.94	58.97(0.7%)	N/A	N/A	0	0.7	15	100	28	-24	9.18	45%	-0.05	-48.7	1.72%	0.5	0.3	42	0.8

6	Dec_15_2023	62.41	58.57	57.19	57.43	57.48	58.74	58.56(-0.34%)	N/A	N/A	0	0.7	24	160	46	-42	17.69	43%	-0.05	-53.1	1.72%	0.3	-0	42	0.8
7	Dec_14_2023	62.44	58.65	57.19	57.01	57.03	57.71	58.76(2.69%)	RB	SmallLong	20	1	33	80	63	-56	19.88	43%	-0.08	-59.7	1.73%	1.2	0.1	41	1.6
8	Dec_13_2023	62.49	58.76	57.18	56.54	56.44	56.21	57.22(3.01%)	DP	OpenShort	-75	0.4	-27	-30	-1	-106	15.83	40%	-0.1	-64.3	1.71%	1.3	-0.8	31	1.4
9	Dec_12_2023	62.55	58.98	57.46	56.39	56.46	56.35	55.55(-2.65%)	DT	HoldShort	-65	-0.4	-47	-10	-21	-126	23.3	41%	-0.11	-61.6	1.66%	-1.3	-1.8	15	1.6
10	Dec_11_2023	62.62	59.29	57.91	56.74	56.65	56.67	57.06(1.04%)	DP	OpenShort	-75	0.2	-32	-0	-5	-112	15.26	42%	-0.05	-61.3	1.72%	1.2	-1.3	17	1.4

11	Dec_8_2023	62.65	59.5	58.19	56.91	56.88	56.57	56.47(0.12%)	DP	OpenShort	-75	-0.3	-43	-40	-18	-118	8.19	42%	-0.06	-66	1.73%	-0.4	-1.8	13	1.2
12	Dec_7_2023	62.69	59.71	58.56	57.38	57.28	56.64	56.4(-0.14%)	DT	HoldShort	-65	-0.6	-57	-80	-38	-113	11.62	41%	-0.06	-72.1	1.73%	-1	-2.1	22	1
13	Dec_6_2023	62.73	59.96	58.95	57.93	57.92	57.2	56.48(-1.4%)	DT	HoldShort	-65	-1	-64	-90	-49	-107	12.9	41%	-0.06	-72.5	1.74%	-1.5	-2.5	19	1.2
14	Dec_5_2023	62.77	60.17	59.39	58.7	58.69	57.92	57.28(-1.1%)	DT	HoldShort	-65	-1.2	-54	-90	-43	-87	8.23	43%	-0.03	-77.8	1.74%	-1.2	-2.5	19	1.3
15	Dec_4_2023	62.79	60.4	59.79	59.26	59.34	58.63	57.92(-1.56%)	DT	HoldShort	-65	-1.4	-47	-80	-39	-70	9.97	43%	-0.02	-77.4	1.77%	-1.7	-2.6	23	1.4

16	Dec_1_2023	62.8	60.66	60.11	59.65	59.79	59.47	58.83(-0.54%)	DT	OpenShort	-75	-0.9	-32	-30	-25	-54	9.7	46%	-0.05	-65.4	1.77%	-1.4	-2	35	1.3
17	Nov_30_2023	62.83	60.88	60.27	59.91	59.99	60.05	59.15(-1.96%)	DT	OpenShort	-75	-0.8	-15	10	-7	-40	15.84	46%	-0.03	-55.3	1.79%	-1.9	-1.8	41	1.4
18	Nov_29_2023	62.85	61	60.49	60.13	60.08	60.11	60.33(0.45%)	DP	OpenShort	-65	0.2	-4	0	5	-29	7.53	48%	0	-63.5	1.78%	0.5	-0.7	43	1.3
19	Nov_28_2023	62.85	61.07	60.62	60.21	59.98	59.93	60.06(0.32%)	DP	OpenShort	-75	-0.2	-15	-20	-11	-26	6.97	48%	0.02	-66	1.78%	0.3	-1.1	51	1.5
20	Nov_27_2023	62.84	61.15	60.77	60.43	60.17	60.06	59.87(-0.48%)	DT	OpenShort	-75	-0.6	-13	-30	-10	-20	8.31	48%	0.02	-67.6	1.78%	-0.7	-1.5	39	1.3

21	Nov_24_2023	62.83	61.27	60.89	60.64	60.56	60.04	60.16(-0.08%)	DT	OpenShort	-75	-0.6	-14	-60	-11	-24	4.45	48%	0.11	-77.7	1.78%	0	-1.3	34	1.4
22	Nov_22_2023	62.76	61.43	60.95	60.67	60.75	60.29	60.21(-0.89%)	DT	OpenShort	-75	-0.5	-33	-50	-29	-44	10.58	46%	-0.05	-84	1.78%	-0.8	-1.3	33	1.2
23	Nov_21_2023	62.79	61.58	61.05	60.89	60.88	61.09	60.75(-0.64%)	DT	OpenShort	-75	-0.1	-15	20	-10	-31	6.09	46%	0.03	-94.8	1.79%	-1	-0.9	48	1.3
24	Nov_20_2023	62.77	61.67	61	61.09	61.1	61.21	61.14(0.3%)	N/A	N/A	0	0.1	3	10	12	-25	6.14	46%	0.03	-104.6	1.79%	0.6	-0.6	47	1.4
25	Nov_17_2023	62.75	61.75	61.06	61.18	61.19	60.68	60.96(1.08%)	DP	OpenShort	-75	-0.2	-15	-60	-10	-31	9.18	48%		-91.1	1.8%	0.4	-0.7	47	1.5
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD