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Takip Edin: @UscMarketsOXY Stock Forecast & Occidental Petroleum Corporation Chart Analysis
This article provides a detailed analysis of OXY-Occidental Petroleum Corporation stock including a forecast for OXY shares. It features Occidental Petroleum Corporation technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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OXY Historical Data Review
OXY Current Price Performance Analysis
The Occidental Petroleum Corporation - OXY stock traded on the American stock market, on 06-05-2024, closed at 59.84$ with a %-0.08 decreased compared to the previous day.
In the last month, the price of OXY changed by %-7.97 decreased in value, from 65.02 dollars on 05-06-2024 to 59.84 dollars, decreased.
Last year, the price of OXY was 59.44 dollars on 06-06-2023, and changed by %0.67 increased in value, to 59.84 dollars increased within a year.
The price of Occidental Petroleum Corporation stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
OXY with AI Stock Forecast & Price Target
On the OXY chart Occidental Petroleum Corporation price was recorded as 59.84 Dollars on 06/05/2024.
The artificial intelligence's forecast on OXY stock is as follows.
The artificial intelligence's prediction error margin for OXY stock is high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Occidental Petroleum Corporation stock over the next 4 months is: 51.2 Dollars.
The commentary on OXY stock Target Price: Highest: 59.815 Dollars is predicted.
The commentary on OXY stock Target Price: Lowest: 46.574 Dollars is predicted.
Resistance Price where Occidental Petroleum Corporation stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 09-13-2024 | 52.566 |
| 02-10-2025 | 54.754 |
| 04-11-2025 | 52.877 |
Support Price where Occidental Petroleum Corporation stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-09-2024 | 47.613 |
| 11-22-2024 | 46.574 |
| 03-17-2025 | 51.217 |
The commentary on OXY stock: Fluctuations in the target price can be expected in the coming days.
The target price for Occidental Petroleum Corporation stock by the end of 2024 is predicted to be 49.093 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on OXY stock, and the 2024 target price predictions for Occidental Petroleum Corporation are detailed above.
The technical analysis and charts for the commentary on OXY stock are below.
OXY Support & Resistance and Trend Analysis
OXY stock you have reviewed the technical analysis support resistance charts regarding.
OXY : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the OXY review, the Occidental Petroleum Corporation support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Occidental Petroleum Corporation Support and Resistance Prices:
| OXY Support Level Price | OXY Resistance Level Price |
|---|---|
| 55.12 | 58.99 |
| 55.53 | 61.67 |
| 56.07 | 61.80 |
| 56.67 | 61.94 |
| 59.15 | 62.22 |
| 59.24 | 63.37 |
| 60.01 | 64.30 |
| 63.66 | 68.43 |
| 71.19 |
OXY Technical Analysis: SMA, RSI, MACD
Upon reviewing the OXY chart, buy and sell signals have been generated in the Occidental Petroleum Corporation technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for OXY stock are as follows:- OXY technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Occidental Petroleum Corporation gave a 'Buy' signal when the RSI was at 26.917, with the current RSI value at 28.519.
- The technical analysis for Occidental Petroleum Corporation indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Occidental Petroleum Corporation stock: Click here to read more predictions on Arthur J. Gallagher stock.
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