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Apr 09, 2023

AI Trading Robot Generates 7.54% Gain for OXY Last Month.

This AI trading robot, available at Day Trader: Medium Volatility Stocks for Active Trading (TA&FA), was a top performer in our robot factory, generating 7.54% for OXY over the past month.

Artificial intelligence (AI) is rapidly transforming the financial markets, with algorithmic trading becoming increasingly prevalent. One such AI trading robot generated a remarkable 7.54% gain for Occidental Petroleum (OXY) last month. However, as with all investments, it is crucial to understand the underlying risks and potential pitfalls of the stock.

Moving lower for three straight days is viewed as a bearish sign. This is an important technical indicator that traders and investors should keep an eye on when assessing a stock's performance. In the case of OXY, it has been declining for three consecutive days, signaling a potential bearish trend.

According to data from situations where OXY declined for three days, in 238 out of 296 cases, the price declined further within the following month. This indicates that the odds of a continued downward trend are around 80%. This is a significant statistic that traders should consider when making investment decisions.

However, it is important to note that past performance is not a guarantee of future results. While technical analysis can provide valuable insights into a stock's performance, it should not be the sole factor driving investment decisions. Fundamental analysis, including the company's financial health, industry trends, and macroeconomic factors, should also be considered.

In conclusion, while the AI trading robot's 7.54% gain for OXY last month is impressive, it is important to keep a close eye on the stock's performance and consider all relevant factors before making investment decisions. As always, investors should do their due diligence and consult with a financial advisor before making any trades.

Related Ticker: OXY

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

The 10-day moving average for OXY crossed bearishly below the 50-day moving average on May 10, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 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 .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

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 of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for OXY entered a downward trend on June 13, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

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, of 23 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 52 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 .

The Moving Average Convergence Divergence (MACD) for OXY just turned positive on June 12, 2024. Looking at past instances where OXY's MACD turned positive, the stock continued to rise in of 36 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where OXY advanced for three days, in of 299 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. OXY’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 75, placing this stock slightly better than average.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.680) is normal, around the industry mean (5.770). P/E Ratio (17.021) is within average values for comparable stocks, (18.829). Projected Growth (PEG Ratio) (2.529) is also within normal values, averaging (5.240). Dividend Yield (0.011) settles around the average of (0.082) among similar stocks. P/S Ratio (2.257) is also within normal values, averaging (150.674).

Notable companies

The most notable companies in this group are ConocoPhillips (NYSE:COP), Canadian Natural Resources Limited (NYSE:CNQ), EOG Resources (NYSE:EOG), Pioneer Natural Resource Co (null:PXD), Occidental Petroleum Corp (NYSE:OXY), Hess Corp (NYSE:HES), Diamondback Energy (NASDAQ:FANG), Devon Energy Corp (NYSE:DVN), EQT Corp (NYSE:EQT), Marathon Oil Corp (NYSE:MRO).

Industry description

The oil and gas production segment includes companies that specialize in exploration, development, and production of oil and natural gas. These companies are focused on upstream operations. Companies typically identify deposits, drill wells, and extract raw materials from underground. The industry also includes related services like rig operations, feasibility studies, machinery rentals etc. Several operators in this industry work with various types of contractors such as engineering procurement and construction contractors, as well as with joint-venture partners and oil field service companies. Oil and gas often involves large fixed costs of production; so, declining crude oil prices, for example, is a potential negative for this industry. Conoco Phillips, EOG Resources, Inc. and Pioneer Natural Resources Company are some examples of companies operating in this space.

Market Cap

The average market capitalization across the Oil & Gas Production Industry is 3.97B. The market cap for tickers in the group ranges from 3.28K to 151.38B. COP holds the highest valuation in this group at 151.38B. The lowest valued company is PSTRQ at 3.28K.

High and low price notable news

The average weekly price growth across all stocks in the Oil & Gas Production Industry was -2%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was 5%. WTRV experienced the highest price growth at 66%, while PTRVF experienced the biggest fall at -33%.

Volume

The average weekly volume growth across all stocks in the Oil & Gas Production Industry was 9%. For the same stocks of the Industry, the average monthly volume growth was 2% and the average quarterly volume growth was -56%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 53
P/E Growth Rating: 47
Price Growth Rating: 59
SMR Rating: 67
Profit Risk Rating: 75
Seasonality Score: -21 (-100 ... +100)
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Oil And Gas Production
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