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.
Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
OXY's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for OXY turned positive on October 07, 2026. Looking at past instances where OXY's MACD turned positive, the stock continued to rise in 33 of 45 cases over the following month. The odds of a continued upward trend are 73%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 05, 2026. You may want to consider a long position or call options on OXY as a result. In 53 of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 66%.
OXY moved above its 50-day moving average on October 08, 2026 date and that indicates a change from a downward trend to an upward trend.
Following a +0.43% 3-day Advance, the price is estimated to grow further. Considering data from situations where OXY advanced for three days, in 212 of 303 cases, the price rose further within the following month. The odds of a continued upward trend are 70%.
The Aroon Indicator entered an Uptrend today. In 166 of 242 cases where OXY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 69%.
Bearish Trend Analysis
The 10-day RSI Indicator for OXY moved out of overbought territory on September 16, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 32 similar instances where the indicator moved out of overbought territory. In 28 of the 32 cases, the stock moved lower in the following days. This puts the odds of a move lower at 88%.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 10-day moving average for OXY crossed bearishly below the 50-day moving average on September 29, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 14 of 20 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 70%.
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 50 of 62 cases within the following month. The odds of a continued downward trend are 65%.
OXY broke above its upper Bollinger Band on October 08, 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.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is 43 (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 SMR rating for this company is 45 (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 Profit vs. Risk Rating rating for this company is 47 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 71, placing this stock slightly better than average.
The Tickeron Valuation Rating of 63 (best 1 - 100 worst) indicates that the company is fair valued 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 (1.676) is normal, around the industry mean (5.088). P/E Ratio (16.549) is within average values for comparable stocks, (25.683). Projected Growth (PEG Ratio) (1.122) is also within normal values, averaging (1.958). Dividend Yield (0.019) settles around the average of (0.036) among similar stocks. P/S Ratio (2.497) is also within normal values, averaging (5.980).
The Tickeron PE Growth Rating for this company is 85 (best 1 - 100 worst), pointing to worse than average 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.
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