Occidental Stock Technical Analysis

OXY
 Stock
  

USD 70.28  0.84  1.18%   

As of the 26th of November, Occidental Petroleum holds the coefficient of variation of (5,079), and Risk Adjusted Performance of (0.022899). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Occidental Petroleum, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We have analyzed and interpolated nineteen technical drivers for Occidental Petroleum Corp, which can be compared to its competitors. Please check Occidental Petroleum Corp coefficient of variation, maximum drawdown, skewness, as well as the relationship between the information ratio and downside variance to decide if Occidental Petroleum Corp is priced some-what accurately, providing market reflects its current price of 70.28 per share. Given that Occidental Petroleum has jensen alpha of (0.13), we recommend you to check out Occidental Petroleum Corp's recent market performance to make sure the company can sustain itself at a future point.
  

Occidental Petroleum Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Occidental, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Occidental
Occidental Petroleum's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Occidental Petroleum Analyst Consensus

Target PriceAdvice# of Analysts
39.35Hold17Odds
Occidental Petroleum Corp current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Occidental analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Occidental stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Occidental Petroleum Corp, talking to its executives and customers, or listening to Occidental conference calls.
Occidental Analyst Advice Details
Occidental Petroleum technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Occidental Petroleum technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Occidental Petroleum trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Occidental Petroleum Corp Technical Analysis

Indicator
The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of Occidental Petroleum Corp volatility developed by Welles Wilder.
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Occidental Petroleum Corp Trend Analysis

Use this graph to draw trend lines for Occidental Petroleum Corp. You can use it to identify possible trend reversals for Occidental Petroleum as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Occidental Petroleum price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Occidental Petroleum Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Occidental Petroleum Corp applied against its price change over selected period. The best fit line has a slop of   0.17  , which may imply that Occidental Petroleum Corp will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 1111.09, which is the sum of squared deviations for the predicted Occidental Petroleum price change compared to its average price change.

About Occidental Petroleum Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Occidental Petroleum Corp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Occidental Petroleum Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Occidental Petroleum Corp price pattern first instead of the macroeconomic environment surrounding Occidental Petroleum Corp. By analyzing Occidental Petroleum's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Occidental Petroleum's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Occidental Petroleum specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2019 2020 2021 2022 (projected)
Long Term Debt to Equity1.131.921.451.56
Interest Coverage0.612.833.253.34

Occidental Petroleum November 26, 2022 Technical Indicators

Most technical analysis of Occidental help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Occidental from various momentum indicators to cycle indicators. When you analyze Occidental charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Occidental Petroleum November 26, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Occidental stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Please check Your Equity Center. You can also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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When running Occidental Petroleum Corp price analysis, check to measure Occidental Petroleum's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Occidental Petroleum is operating at the current time. Most of Occidental Petroleum's value examination focuses on studying past and present price action to predict the probability of Occidental Petroleum's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Occidental Petroleum's price. Additionally, you may evaluate how the addition of Occidental Petroleum to your portfolios can decrease your overall portfolio volatility.
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Is Occidental Petroleum's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Occidental Petroleum. If investors know Occidental will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Occidental Petroleum listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
2.89
Market Capitalization
63.9 B
Quarterly Revenue Growth YOY
0.38
Return On Assets
0.11
Return On Equity
0.54
The market value of Occidental Petroleum Corp is measured differently than its book value, which is the value of Occidental that is recorded on the company's balance sheet. Investors also form their own opinion of Occidental Petroleum's value that differs from its market value or its book value, called intrinsic value, which is Occidental Petroleum's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Occidental Petroleum's market value can be influenced by many factors that don't directly affect Occidental Petroleum's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Occidental Petroleum's value and its price as these two are different measures arrived at by different means. Investors typically determine Occidental Petroleum value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Occidental Petroleum's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.