Occidental Petroleum Stock Technical Analysis
| OXY Stock | USD 51.54 0.63 1.24% |
As of the 22nd of November, Occidental Petroleum holds the Variance of 2.11, coefficient of variation of (1,102), and Risk Adjusted Performance of (0.06). 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.
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 OccidentalOccidental |
Occidental Petroleum Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 71.25 | Buy | 28 | Odds |
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, talking to its executives and customers, or listening to Occidental conference calls.
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.
Occidental Petroleum Technical Analysis
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Occidental Petroleum volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Occidental Petroleum Trend Analysis
Use this graph to draw trend lines for Occidental Petroleum. 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 applied against its price change over selected period. The best fit line has a slop of 0.06 , which may imply that the returns on investment in Occidental Petroleum will continue to fail. It has 122 observation points and a regression sum of squares at 122.65, 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 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 based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Occidental Petroleum price pattern first instead of the macroeconomic environment surrounding Occidental Petroleum. 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.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.031 | 0.0203 | 0.0257 | 0.0505 | Price To Sales Ratio | 1.04 | 1.59 | 1.88 | 1.38 |
Occidental Petroleum November 22, 2024 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.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.06) | |||
| Market Risk Adjusted Performance | (0.24) | |||
| Mean Deviation | 1.12 | |||
| Coefficient Of Variation | (1,102) | |||
| Standard Deviation | 1.45 | |||
| Variance | 2.11 | |||
| Information Ratio | (0.16) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.25) | |||
| Maximum Drawdown | 7.68 | |||
| Value At Risk | (2.77) | |||
| Potential Upside | 2.04 | |||
| Skewness | (0.28) | |||
| Kurtosis | 0.4133 |
Occidental Petroleum November 22, 2024 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.
| Accumulation Distribution | 144,509 | ||
| Daily Balance Of Power | 0.68 | ||
| Rate Of Daily Change | 1.01 | ||
| Day Median Price | 51.35 | ||
| Day Typical Price | 51.41 | ||
| Price Action Indicator | 0.50 |
Additional Tools for Occidental Stock Analysis
When running Occidental Petroleum's 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 the 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.