OXY NEWS why is Occidental Petroleum Corporation price falling or rising

OXY NEWS reasons for why stock price of Occidental Petroleum Corporation is falling or rising

OXY Occidental Petroleum is falling or rising technical reasons

Technical analysis forecast of Occidental Petroleum Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Occidental Petroleum OXY at this time. Stock is rising and might rise more.

It appears as if Occidental Petroleum OXY gave a large move recently.

Stock of Occidental Petroleum (OXY) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Occidental Petroleum is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Occidental Petroleum stays above 50.1, but if it comes below 50.1, then a intra day sell could be more profitable.
If you take a sell trade below 50.1, then use 50.1 as stoploss and 48.77 as target. However if you take a buy trade in Occidental Petroleum, then use 50.1 as stoploss and 51.7 as target.

OXY Occidental Petroleum is falling or rising NEWS fundamental reasons

Buffett Takes the Bait; Berkshire Buys More Oxy in December After six months of inactivity, Warren Buffett and Berkshire Hathaway (NYSE: BRK.A) rose to the bait and bought more Occidental Petroleum (NYSE: OXY). The bait was a multi-year low share price not seen since the firm started buying common stock. The p - NEWS as on 2024-12-28 nasdaq.com

More announcements and NEWS

OXY Occidental Petroleum Corporation current price & indicator signals

Moving Averages for Occidental Petroleum Corporation

  • 5Day Average: 49.35
  • 12Day Average: 48
  • 20Day Average: 48.17
  • 50Day Average: 49.83
  • 100Day Average: 52.14
  • 150Day Average: 55.11
  • 200Day Average: 57.68

OXY Indicators & signals

Indicator MACD (12,26,9)

48.78, 48.94, -0.62
Indicator MACD is in negative zone

Indicator ADX (14)

17.65, 25.21, 17.65
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 49
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of OXY Occidental Petroleum Corporation are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
03 Fri Jan 2025 50.51 49.65 to 50.55 1.41% 0.75 times
02 Thu Jan 2025 49.81 49.57 to 50.82 0.81% 0.83 times
31 Tue Dec 2024 49.41 48.48 to 49.68 1.96% 0.75 times
30 Mon Dec 2024 48.46 48.31 to 49.04 -0.21% 0.71 times
27 Fri Dec 2024 48.56 48.03 to 49.05 0.75% 0.83 times
26 Thu Dec 2024 48.20 47.49 to 48.69 0.17% 0.8 times
24 Tue Dec 2024 48.12 47.29 to 48.44 0.59% 0.41 times
23 Mon Dec 2024 47.84 46.80 to 48.00 1.51% 1.17 times
20 Fri Dec 2024 47.13 45.65 to 48.00 3.9% 2.06 times
19 Thu Dec 2024 45.36 45.17 to 46.66 -1.43% 1.3 times
18 Wed Dec 2024 46.02 45.81 to 47.19 -1.16% 1.15 times
17 Tue Dec 2024 46.56 45.79 to 46.57 -0.09% 1.19 times

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OXY NEWS why is Occidental Petroleum Corporation price falling or rising

 

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