Occidental Petroleum Corp. (OXY, $60.55) has seen an 84% gain in overall price performance from March 2020.
Occidental Petroleum Corp. (OXY) has been making waves in the energy industry since it was founded in 1920. The business is a major oil and gas producer with a broad portfolio of assets spread over North America, South America, the Middle East, and Africa. Occidental Petroleum is one of the biggest oil corporations in the world, with a market worth of about $50 billion.
Despite the challenges faced by the energy industry over the past year, Occidental Petroleum has managed to weather the storm. In March 2020, the stock hit a low of $12.34 per share due to the COVID-19 pandemic and the resulting drop in oil prices. However, since then, the stock has made an impressive recovery. As of March 10, 2023, the stock is trading at $60.55 per share, representing an 84% gain in overall price performance from March 2020.
One of the technical indicators that traders use to gauge the momentum of a stock is the Moving Average Convergence Divergence (MACD). The MACD is a popular technical indicator that compares two moving averages of a stock's price to generate trading signals. A positive MACD crossover occurs when the shorter-term moving average crosses above the longer-term moving average, indicating a bullish trend.
On March 06, 2023, the MACD for Occidental Petroleum turned positive, which is a bullish signal for the stock. Looking at past instances where OXY's MACD turned positive, the stock continued to rise in 29 of 38 cases over the following month. This means that the odds of a continued upward trend for Occidental Petroleum are 76%.
It's important to note that technical indicators like the MACD should not be used in isolation to make trading decisions. They should be used in conjunction with other fundamental and technical analysis tools to develop a comprehensive trading strategy.
With an 84% increase in overall price performance since March 2020, Occidental Petroleum Inc. has had a strong year on the stock market. With a 76% possibility of sustained price growth in the upcoming weeks, the recent positive MACD crossover reinforces the bullish outlook for the stock.
Aroon Indicator for OXY shows an upward move is likely
OXY's Aroon Indicator triggered a bullish signal on March 12, 2026. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 237 similar instances where the Aroon Indicator showed a similar pattern. In of the 237 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for OXY just turned positive on February 19, 2026. Looking at past instances where OXY's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .
The 50-day moving average for OXY moved above the 200-day moving average on February 20, 2026. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where OXY advanced for three days, in of 290 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
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 .
OXY broke above its upper Bollinger Band on March 12, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding 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 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 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 73, placing this stock slightly better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly 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 (1.976) is normal, around the industry mean (12.459). P/E Ratio (41.170) is within average values for comparable stocks, (26.786). Projected Growth (PEG Ratio) (2.177) is also within normal values, averaging (4.196). Dividend Yield (0.018) settles around the average of (0.064) among similar stocks. P/S Ratio (2.574) is also within normal values, averaging (168.574).
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Advertisement
General Information
Industry OilGasProduction
Advertisement