US stock / ETF

Occidental Petroleum Corporation

OXY · NYSE · USD

1 weekBearish64%
Weekly Downside probability 64%Bearish

OXY 1W chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Weekly: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Recover $54.38 and stabilize above resistance $67.45.

Invalidation Trigger

Break above $67.45 with RSI back above 50.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Weekly
Momentum StateBearish
Momentum soft

RSI 53.8, MACD -0.336

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $4.3 (7.69%)

Weekly

EMA Structure

Bullish
EMA 8$55.2Bullish
EMA 21$54.38Bullish
EMA 50$51.8Bullish

Signals

CategoryReadStrength
Momentum
RSI 53.8 · MACD -0.336

Neutral zone

Strength
Bearish
Volatility
ATR $4.3 · BB 27.51%

High volatility

Strength
Bearish
Volume
MFI 43.8 · OBV -129.73%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$38.8 - $67.45

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+28.33% · 3.7 ATR above latest close

$71.75
Nearest resistance

+20.64% · 2.7 ATR above · 34-bar high

$67.45
Current price

Price shown is delayed

$55.91
Nearest support

-30.6% · 4.0 ATR below · 34-bar low

$38.8
Deeper support zone

-38.29% · 5.0 ATR below latest close

$34.5
ATR zone

Latest close ± ATR14

$51.61 - $60.21

Indicators

Trend

Dow Theory Structure

Confirmation $47.77, invalidation $58.99

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

22.1 / 19.6 / 25.9Bearish
Supertrend (10,3)

Price is above Supertrend

$43.66Bullish
Ichimoku Cloud

Cloud Span A / Span B

$54.77 / $53.13Bullish
Donchian Channel (20)

20-period breakout channel position

41%Range

Volatility

ATR (14)

High volatility

$4.3 (7.69%)Bearish
Bollinger Bands (20,2)

Width 27.51%

47%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$62.38 / $46.58Bearish
ATR channel lower / upper

Current Volatility Envelope

$51.61 / $60.21Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$67.45Range
Support

Nearest Downside Decision Level

$38.8Range

Momentum

RSI (14)

Neutral zone

53.8Range
MACD (12,26,9)

Histogram is negative

-0.336Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

60.4 / 66.7Bearish
Williams %R (14)

Neutral zone

-39.6Range
CCI (20)

Balanced zone

-19.5Range
TD Sequential

Setup is not extreme

sell 4Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

43.8Bearish
OBV slope

20-period OBV slope

-129.73%Bearish
Volume ratio

Relative to 20-period average volume

0.82xBearish

Trend

Dow Theory Structure

Confirmation $47.77, invalidation $58.99

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

22.1 / 19.6 / 25.9Bearish
Supertrend (10,3)

Price is above Supertrend

$43.66Bullish
Ichimoku Cloud

Cloud Span A / Span B

$54.77 / $53.13Bullish
Donchian Channel (20)

20-period breakout channel position

41%Range

Momentum

RSI (14)

Neutral zone

53.8Range
MACD (12,26,9)

Histogram is negative

-0.336Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

60.4 / 66.7Bearish
Williams %R (14)

Neutral zone

-39.6Range
CCI (20)

Balanced zone

-19.5Range
TD Sequential

Setup is not extreme

sell 4Bearish

Volatility

ATR (14)

High volatility

$4.3 (7.69%)Bearish
Bollinger Bands (20,2)

Width 27.51%

47%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$62.38 / $46.58Bearish
ATR channel lower / upper

Current Volatility Envelope

$51.61 / $60.21Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

43.8Bearish
OBV slope

20-period OBV slope

-129.73%Bearish
Volume ratio

Relative to 20-period average volume

0.82xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$67.45Range
Support

Nearest Downside Decision Level

$38.8Range

Related Forecasts