Trading Signals: OXY Stock Price Prediction and Forecast

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Fri. Feb. 26, 2021

Trading Signals: OXY Stock Price Prediction and Forecast (Mon. Mar. 17, 2014 - Fri. Feb. 26, 2021)

(Occidental Petroleum Corporation)
OXY latest price $26.6100 (-0.52%) ($25.2050 - $27.0100) on Fri. Feb. 26, 2021.

Trend Analysis and Forecast

Trend Pattern   Uptrend Correction
Trend Narrative   Uptrend
Average Daily Price Swing   $2.32 (9.38% one month average)
Average Daily Percentage Swing   4.88% (three month average)
Weekly Trend Force   0.7% (StdDev 4.88%)
Daily Moving Force   -0.8%
Correction Force   Weak (0%)
Trend   0.96%
Trend Strength   6.6%
RSI   68
Momentum   1.9
Latest Price   $26.6100(-0.52%)
Forecasted Low Price   26.29(-1.2%)
Forecasted High Price   27.02(1.55%)
Direction of Next Movement   Range(1%)
% Change Needed to Confirm Correction   6.2% (25.05)
% Change Needed for Trend Reversal   3.3%
Hourly Trend -1.9% [$26.89(-0.5), $26.73(-0.04)]
Stocks Behave Similarly   Similar Stock List
Complacency   8
Intraday Reversal Probability   N/A.
Daily Trend   OXY advances 0.9% a day on average for past five trading days.
Weekly Trend   OXY advances 4.2% a week on average for past two weeks.
Market Behavior   Value stocks sell-off for large cap. Rotation from value to growth for small cap.
Correlated ETFs   Broad market will support OXY advance at 0.5% a week (80% probability)
XOP(90%)    XLE(86%)    OIH(83%)    IWN(69%)    JETS(67%)
Factors Impacting OXY price   OXY will advance at least 0.3% in a week (22% probabilities).
VXX(-30%)    VIXM(-23%)    XLU(-16%)    UUP(-7%)    TBT(-2%)
Explanation The rally is sustainable and supported by the broad market.
Trading Plan   Not Available

Valuation to SPY 1.3

Relative Volatility 1.1 (options are expensive)

Market Trend Strength   1.5% (StdDev 4.88%)
Hourly BBV 0.4 ()
Intraday Trend 1.3%

Next Day Open Price   $26.63(0.08%)
Inflection Point   Yes
Support Level   $24.74
5 Day Moving Average   $26.81(-0.75%)
10 Day Moving Average   $26.36(0.95%)
20 Day Moving Average   $24.74(7.56%)
To recent high   -5.5%
To recent low   75.9%
Market Cap   $24.433b

Option Sentiment

Earning Release Date   Thu. Feb. 4, 2021
Analyst One Year Target Price   $13.00 ($8.00 - $29.00)
  20 analysts (last updated on Wed. Nov. 25, 2020)
% to Average Target Price   -51.15%
% to Low Target Price   -69.94%
% to High Target Price   8.98%

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.

$. Technical analysis works only if the market conditions in the future are not drastically different from the past. Always read market news to understand the causes of the price movement before making a trading decision. News

$. OXY price fluctuates within 9.38% (three month std-dev: 4.88% one year average std_dev: 0%) daily (68% of days).
$. OXY price fluctuates within 0% weekly (one year average std_dev: %).

Analysis News Options Weekly Chart Daily Chart Hourly Chart 15 Minute Chart

i	Date	ema20(Trend)	ema10(Trend)	ema5(Trend)	Slow Hourly Trend	Fast Hourly Trend	Close	ActualPriceRange	BBV	Hourly BBV	Daily Moving Force	Weekly Trend Force	Reversal Force	Trend	Trend Strength	RSI	Momentum	Trend Pattern	Next Direction	C	RV	VIXCD	Trend-Narrative	NextDay PriceTarget	NextDayPriceRange	Volume millions	To High-Low
1	Feb_26_2021	24.74 (1.2%)	26.36 (0.8%)	26.81 (0.9%)	26.73	26.89(0%)	26.61(-0.52%)	25.21-27.01	1.1(0.8)	0.4	-0.8%	0.7%	0%	0.96%	6.6%	68	1.9	Uptrend Correction	Range(0.2%)	8	1.3	0.4	Uptrend	27.3(2.6%)	26.3-27.73	21.56	-5.5%-75.9%
2	Feb_25_2021	24.46 (1.2%)	26.21 (1%)	26.57 (1.1%)	26.77	27.39(0%)	26.75(-5.01%)	26.45-28.54	1.1(1)	0.4	2.3%	0.7%	0%	1.04%	7.1%	69	2	Uptrend Dip	Higher(5.5%)	8	1.4	0.5	After Top	27.11(1.33%)	25.37-28.53	21.08	-5%-76.8%
3	Feb_24_2021	24.16 (1%)	26.09 (1.2%)	26.28 (1.1%)	26.25	26.57(0%)	28.16(8.06%)	25.96-28.68	1.2(1.6)	1.6	1.4%	1.5%	0%	1.1%	8%	76	2.1	Growing Uptrend	Higher(2.9%)	8	1.8	1.1	Uptrend	28.81(2.3%)	27.3-29.46	27.69	0%-86.1%
4	Feb_23_2021	23.76 (0.8%)	25.73 (1.4%)	25.99 (-0.3%)	25.91	26.15(0%)	26.06(-1.55%)	24.42-26.65	1.1(1)	-0.2	0.2%	0.5%	0%	1.2%	8.3%	76	2.1	Growing Uptrend	Range(1.5%)	8	1.2	1.5	Uptrend Consolidation	25.59(-1.81%)	25.14-26.94	22.49	-2.5%-72.2%
5	Feb_22_2021	23.53 (1%)	25.66 (1.8%)	26.07 (0.8%)	26.1	25.92(0%)	26.47(4.13%)	25.81-27.46	1.3(1.2)	-0.3	0.6%	1.3%	0%	1.54%	9.1%	79	1.9	Growing Uptrend	Range(1.9%)	8	1.5	1.7	Uptrend	27.41(3.55%)	25.87-28.07	22.52	-1%-75%

6	Feb_19_2021	23.28 (0.8%)	25.29 (2%)	25.86 (0.4%)	26.12	25.67(0%)	25.42(0.55%)	25.03-25.9	1.3(0.9)	-1.9	-1%	1%	0%	1.62%	8.7%	78	1.9	Uptrend Consolidation Correction	Range(0%)	9	1.1	1.9	Uptrend	26.36(3.7%)	25.04-26.93	14.87	-4.9%-90.3%
7	Feb_18_2021	23.08 (0.8%)	25.01 (2.2%)	25.77 (-0.2%)	26.04	26.28(0%)	25.28(-5.42%)	25.21-26.73	1.5(1)	-1.9	-0.3%	1%	0%	1.72%	8.4%	71	1.9	Uptrend Dip	Higher(3.4%)	10	1.1	1.9	Uptrend	26.19(3.6%)	24.85-26.77	15.08	-5.4%-96.4%
8	Feb_17_2021	22.95 (0.8%)	24.71 (2.4%)	25.83 (1.6%)	25.8	26.57(0%)	26.73(1.02%)	25.85-27.18	1.7(1.7)	2.3	2.2%	1.9%	0%	1.9%	7.7%	79	1.9	Growing Uptrend	Higher(4.1%)	10	1.8	2.1	Uptrend	27.75(3.83%)	25.96-28.52	15.08	0%-107.7%
9	Feb_16_2021	22.74 (0.8%)	24.12 (2.4%)	25.42 (0.8%)	25.45	25.79(0%)	26.46(4.21%)	25.88-26.95	1.7(1.9)	0.9	2.2%	2%	0%	1.86%	6.1%	79	1.7	Growing Uptrend	Higher(4.2%)	10	1.9	2	Uptrend	27.38(3.47%)	25.7-28.1	19.17	0%-108.3%
10	Feb_12_2021	22.52 (0.8%)	23.52 (2.2%)	25.21 (2.3%)	25	25.03(0%)	25.39(1.64%)	24.56-25.75	1.8(1.6)	1	0.5%	1.7%	0%	1.8%	4.4%	67	1.6	Growing Uptrend	Range(2.2%)	9	1.5	2.1	Growing Uptrend	26.42(4.06%)	24.83-26.82	12.34	-0.8%-124.5%

11	Feb_11_2021	22.43 (0.8%)	23 (1.8%)	24.65 (2.2%)	24.78	25.11(0%)	24.98(-2.42%)	24.08-25.41	1.7(1.5)	2.1	1.4%	1.4%	0%	1.56%	2.5%	66	1.5	Growing Uptrend	Higher(4%)	8	1.4	2.2	Uptrend Dip	26.64(6.63%)	24.02-27.29	15.16	-2.4%-120.9%
12	Feb_10_2021	22.29 (0.8%)	22.59 (1.6%)	24.11 (3%)	24.21	24.96(0%)	25.6(3.85%)	24.8-25.79	1.6(2)	5.8	2.6%	1.9%	0%	1.34%	1.3%	69	1.4	Growing Uptrend	Higher(4.5%)	7	2	2.2	Growing Uptrend	26.29(2.71%)	24.94-26.63	22.28	0%-126.3%
13	Feb_9_2021	22.12 (0.8%)	22.06 (1%)	23.4 (3.5%)	23.45	24.45(0%)	24.65(-3.14%)	24.1-25.15	1.4(1.8)	1.9	3.7%	1.7%	0%	0.94%	-0.2%	56	1.2	Uptrend Dip	Higher(7%)	6	1.6	2	Uptrend	24.97(1.29%)	24.21-25.29	20.7	-3.1%-117.9%
14	Feb_8_2021	21.88 (0.8%)	21.62 (0.4%)	22.61 (4.7%)	22.66	23.46(0%)	25.45(12.81%)	23-25.5	1(2.6)	2.3	4.1%	1.8%	0%	0.46%	-1.2%	58	1.1	Breakout	Higher(5.9%)	5	2.3	1.8	Uptrend	25.51(0.25%)	24.73-25.85	31.36	0%-125%
15	Feb_5_2021	21.6 (0.6%)	21.18 (-0.2%)	21.6 (2.4%)	21.89	22.45(0%)	22.56(1.17%)	22.2-23.14	0.3(0.8)	4.9	2.6%	0.6%	0%	0%	-2%	50	0.9	Growing Uptrend	Higher(3.2%)	4	0.6	1.7	N/A	22.4(-0.69%)	22.1-22.65	13.12	-6.9%-125.4%

16	Feb_4_2021	21.51 (0.6%)	21.05 (-0.8%)	21.1 (1.3%)	21.31	21.86(0%)	22.3(1.27%)	21.66-22.59	0(0.7)	1.8	2.1%	0.5%	0%	-0.34%	-2.1%	38	0.9	Uptrend Reversal	Range(2.6%)	3	0.5	1.5	N/A	22.05(-1.14%)	21.85-22.21	13.13	-8%-127.3%
17	Feb_3_2021	21.39 (0.6%)	20.95 (-1%)	20.83 (1.4%)	20.87	21.33(0%)	22.02(6.22%)	20.87-22.16	-0.2(0.5)	1.7	1.8%	-0%	0%	-0.48%	-2.1%	49	1	Uptrend Reversal	Range(1.8%)	2	0.5	1.7	Downtrend	21.9(-0.56%)	21.9-21.9	18.26	-9.2%-127.2%
18	Feb_2_2021	21.26 (0.6%)	21.02 (-1%)	20.54 (0.3%)	20.71	20.76(0%)	20.73(1.67%)	20.62-21.77	-0.3(-0.4)	0.7	1.2%	-0.5%	0%	-0.56%	-1.1%	42	1.1	Downtrend Consolidation	Range(0.7%)	1	-0.4	1.4	Correction	19.89(-4.03%)	19.73-20.54	15.47	-14.5%-114.8%
19	Feb_1_2021	21.12 (0.6%)	21.24 (-0.8%)	20.47 (-1.1%)	20.53	20.41(0%)	20.39(1.65%)	19.8-20.75	-0.3(-0.5)	-1.9	-1.2%	-0.5%	0%	-0.44%	0.6%	55	1.3	Growing Downtrend	Range(-1.7%)	1	-0.4	1.1	Correction	19.41(-4.82%)	19.22-20.17	13.51	-15.9%-111.3%
20	Jan_29_2021	20.99 (0.6%)	21.44 (-0.6%)	20.69 (-1.4%)	20.76	20.66(0%)	20.06(-4.25%)	19.73-21.38	-0.1(-0.6)	-1.9	-0.5%	-1.2%	0%	-0.22%	2.1%	54	1.3	Growing Downtrend	Range(0.4%)	2	-0.1	0.2	Correction	19.33(-3.62%)	19.17-19.99	19.67	-17.2%-119.7%

21	Jan_28_2021	20.9 (0.8%)	21.85 (-0.2%)	20.98 (-0.5%)	20.94	20.64(0%)	20.95(1.95%)	20.23-21.49	0.1(0)	-0.4	-0.7%	-0.2%	0%	0.12%	4.5%	55	1.5	Downtrend Reversal	Range(-0.9%)	3	0.2	0.6	Correction	20.89(-0.27%)	20.77-21.04	16.38	-13.6%-135.9%
22	Jan_27_2021	20.74 (0.8%)	21.99 (0%)	21.09 (-2.3%)	20.98	20.85(0%)	20.55(0.83%)	19.46-21.66	0.2(-0.1)	-1.2	-2.1%	-0.5%	0%	0.3%	6.1%	57	1.6	Downtrend Reversal	Range(-2.6%)	4	0.1	0.9	Uptrend Consolidation	20.58(0.15%)	20.55-20.67	25.65	-15.2%-131.4%
23	Jan_26_2021	20.6 (1%)	22.21 (0.6%)	21.59 (-2.4%)	21.43	21.24(0%)	20.38(-5.25%)	20.35-22.42	0.5(-0.1)	-5.2	-0.8%	0.1%	0%	0.72%	7.8%	60	1.7	Correction	Range(1.9%)	5	-0.2	1.5	Uptrend Consolidation	20.45(0.33%)	20.38-20.65	19.05	-15.9%-129.5%
24	Jan_25_2021	20.48 (1%)	22.23 (1.2%)	22.13 (-0.8%)	21.89	21.1(0%)	21.51(0.09%)	20.67-21.62	0.8(0.5)	-0.4	-2%	0.6%	0%	1.14%	8.5%	72	1.8	Correction	Range(-1.4%)	5	0.3	2.2	Uptrend	22.1(2.74%)	21.34-22.43	15.25	-11.3%-142.2%
25	Jan_22_2021	20.3 (1%)	22.11 (1.6%)	22.3 (-2.4%)	22.39	21.61(0%)	21.49(-0.23%)	20.26-21.6	1(0.5)	-1.9	-3.6%	0.5%	0%	1.42%	8.9%	72	1.9	Correction	Lower(-3%)	6	0.5	2.1	Uptrend Consolidation	21.31(-0.82%)	21.02-22.2	17.62	-11.3%-142%
i	Date	ema20(Trend)	ema10(Trend)	ema5(Trend)	Slow Hourly Trend	Fast Hourly Trend	Close	ActualPriceRange	BBV	Hourly BBV	Daily Moving Force	Weekly Trend Force	Reversal Force	Trend	Trend Strength	RSI	Momentum	Trend Pattern	Next Direction	C	RV	VIXCD	Trend-Narrative	NextDay PriceTarget	NextDayPriceRange	Volume millions	To High-Low