May 19, 2019 - 4:15 AM EDT
Occidental Petroleum $OXY Technical Update
Occidental Petroleum $OXY Technical Update

The Occidental Petroleum (NYSE: OXY) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for OXY, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term →Near Mid Long
Bias Weak Weak Neutral
P1 53.09 52.49 50.45
P2 54.12 58.17 58.97
P3 55.28 63.96 67.10

Long Term Trading Plans for OXY

May 19, 2019, 4:15 am ET

The Technical Summary and Trading Plans for OXY help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this OXY Report.

OXY - (Long) Support Plan

The technical summary data tells us to buy OXY near 50.45 with an upside target of 58.97. This data also tells us to set a stop loss @ 50.19 to protect against excessive loss in case the stock begins to move against the trade. 50.45 is the first level of support below 52.76 , and by rule, any test of support is a buy signal. In this case, support 50.45 would be being tested, so a buy signal would exist.

OXY - (Short) Resistance Plan

The technical summary data is suggesting a short of OXY as it gets near 58.97 with a downside target of 50.45. We should have a stop loss in place at 59.23 though. 58.97 is the first level of resistance above 52.76, and by rule, any test of resistance is a short signal. In this case, if resistance 58.97 is being tested, so a short signal would exist.

OXY Long Term Analysis

OXY EPS Analysis

OXY Dividend Chart

OXY Revenue chart

OXY Growth rate - Quarterly

OXY Growth rate - Yearly

OXY PE chart

OXY PEG chart

Source: Stock Traders Daily (May 19, 2019 - 4:15 AM EDT)