Question 1

What implications does the 10-day RSI indicator have for OXY?

Accepted Answer

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where OXY's RSI Indicator exited the oversold zone, 20 of 25 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 0%.

Question 2

What does the Stochastic Oscillator suggest about OXY's trend?

Accepted Answer

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 36 of 51 cases where OXY's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 0%.

Question 3

How did OXY's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved above the 0 level on August 19, 2024. You may want to consider a long position or call options on OXY as a result. In 53 of 78 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 0%.

Question 4

What does MACD indicator imply for OXY?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for OXY just turned positive on August 19, 2024. Looking at past instances where OXY's MACD turned positive, the stock continued to rise in 29 of 37 cases over the following month. The odds of a continued upward trend are 0%.

Question 5

What is the significance of the 10-day moving average indicator for OXY?

Accepted Answer

The 10-day moving average for OXY crossed bearishly below the 50-day moving average on July 29, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 10 of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 0%.

Question 6

What does a 3-day decline signify for OXY's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where OXY declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 0%.

Question 7

What does OXY breaking above its upper Bollinger Band indicate?

Accepted Answer

OXY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

OXY Stock Occidental Petroleum (OXY, $64.39) price exceeded its 50-day Moving Average on May 03, 2024

OXY in downward trend: 10-day moving average moved below 50-day moving average on July 29, 2024

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