OXY technical analysis
OXY Technical Analysis
Analysis date
August 4, 2026
Market
NYSE (USD)
Daily cutoff
August 3, 2026
Reliability
Passed
Informational use only. This page is not investment advice.
Data verification
OXY Data Verification
Checking the latest completed daily bar for date and closing-price consistency before indicators are calculated.
- Symbol
- OXY
- Market
- NYSE
- Currency
- USD (US Dollar)
- Latest completed bar
- August 3, 2026
Historical prices are adjusted for corporate actions when applicable. Date and closing-price consistency checks passed for the latest completed daily bar.
| Validation series | Latest Close | Date | Difference | Status |
|---|---|---|---|---|
| Calculation series | 55.47 | August 3, 2026 | - | Verified |
| Verification series | 55.47 | August 3, 2026 | 0.00% | Verified |
Bottom line
OXY Technical Analysis Summary
OXY technical analysis as of the August 3, 2026 daily cutoff shows Occidental Petroleum trading at 55.47 with daily moving averages in a bullish alignment. Price is above SMA20 (54.98), SMA50 (54.63), and SMA200 (49.97) after rallying more than 13% off the 47.77 low. Daily RSI14 at 52.38 is neutral, and the daily MACD line (0.71) sits above its signal line (0.57) with a positive histogram (0.14), confirming improving short-term momentum. The weekly picture is more mixed: price at 57.07 is above SMA20 (56.39), SMA50 (49.17), and SMA200 (53.34), but weekly MACD stays bearish with the line (1.34) below its signal (1.75) and a negative histogram (-0.41), while weekly RSI14 at 56.32 is neutral. Key resistance stands at 58.99 (20-day high), 60.96 (60-day high), and 67.14 (52-week high). Key support stands at 49.39 (20-day low), 47.77 (20/60-day low), and 38.44 (52-week low). A sustained close above 58.99 would strengthen the bullish case, while a break below 47.77 would signal renewed weakness.
Multi-timeframe dashboard
Multi-Timeframe Technical Dashboard
Comparing daily (2-year) and weekly (5-year) perspectives to identify aligned or conflicting signals.
Daily (August 3, 2026)
- Trend
- Bullish. Price at 55.47 is above SMA20 (54.98), SMA50 (54.63), and SMA200 (49.97), with the daily moving averages in ascending order. Price bottomed near 47.77, rallied more than 13% over the last 20 sessions, and reclaimed both SMA50 and SMA200. The latest completed bar pulled back 2.80% from 57.07, but the overall structure remains constructive.
- Momentum
- Neutral with a positive bias. RSI14 at 52.38 sits near the midpoint of the neutral zone. The daily MACD line at 0.71 is above the signal line at 0.57, and the histogram is positive at 0.14, confirming short-term momentum has turned up. MACD is also above zero, which strengthens the bullish short-term read.
- Volatility
- Moderate. ATR14 at 1.68 (3.03% of price) reflects average daily movement in a normal range. Bollinger Bands (51.62 to 58.34) show price near the middle band at 55.47. Band width is moderate, suggesting no volatility expansion.
- Volume
- Slightly below average. Latest volume of 8,665,100 is 0.95x the 20-period average (9,126,175). The pullback on the last completed bar came on slightly below-average participation, which limits the conviction of the downside move.
Assessment
The daily timeframe is constructive. Price above all major moving averages with a positive daily MACD points to improving short-term momentum. The pullback on below-average volume is a normal pause within the recovery. A sustained close above 58.99 (20-day high) would open the path toward 60.96 (60-day high), while a break below 47.77 would negate the bullish structure.
Weekly (July 27, 2026 week)
- Trend
- Mixed. Price at 57.07 is above SMA20 (56.39), SMA50 (49.17), and SMA200 (53.34). The classification stays mixed because SMA50 remains below SMA200, reflecting that the recovery is still young relative to the longer-term base. The weekly series last completed on the week of July 27, 2026.
- Momentum
- Bearish. RSI14 at 56.32 is neutral. The weekly MACD line at 1.34 is below the signal line at 1.75, with a negative histogram at -0.41. Although the MACD line is above zero, the negative histogram means weekly momentum has not yet confirmed the price recovery.
- Volatility
- Elevated. ATR14 at 4.27 (7.49% of price) reflects wide weekly ranges consistent with energy price swings. Bollinger Bands (48.58 to 64.20) are wide with price in the lower half of the band, reflecting the pullback from the 67.14 high.
- Volume
- Below average. Weekly volume of 39,068,800 is 0.65x the 20-week average (60,343,315), indicating reduced participation during the recovery. Below-average volume can mean the rally lacks strong institutional confirmation.
Assessment
The weekly timeframe is mixed. Price trading above all major moving averages is a positive structural feature, but the still-negative weekly MACD histogram and below-average volume keep momentum unconfirmed. Weekly momentum would need the MACD histogram to turn positive to support the price recovery.
Key indicators
OXY Key Technical Indicators
RSI, MACD, moving averages, ATR, and Bollinger Bands across daily and weekly timeframes.
| Indicator | Daily | Weekly |
|---|---|---|
| RSI (14) | 52.38 | 56.32 |
| MACD (12, 26, 9) | 0.71 / 0.57 / 0.14 | 1.34 / 1.75 / -0.41 |
| ATR (14) | 1.68 (3.03%) | 4.27 (7.49%) |
| Bollinger Bands (20, 2) | 51.62 - 58.34 | 48.58 - 64.20 |
| SMA (20) | 54.98 | 56.39 |
| SMA (50) | 54.63 | 49.17 |
| SMA (200) | 49.97 | 53.34 |
Price structure
OXY Price Structure and Returns
Price performance across multiple lookback periods and 52-week position.
| Metric | Daily | Weekly |
|---|---|---|
| Current Price | 55.47 | 57.07 |
| 1-Period Return | -2.80% | -0.40% |
| 5-Period Return | +0.98% | +14.16% |
| 20-Period Return | +13.64% | -0.94% |
| 60-Period Return | +1.10% | +37.69% |
| 252-Period Return | +28.85% | +96.04% |
| 52-Week Low | 38.44 | 38.44 |
| 52-Week High | 67.14 | 67.14 |
| 52-Week Position | 59.34% | 64.91% |
Key levels
OXY Support and Resistance Levels
Key price levels based on recent swing highs and lows across daily and weekly timeframes.
| Level | Daily | Weekly |
|---|---|---|
| 20-Period High | 58.99 | 67.14 |
| 20-Period Low | 49.39 | 47.77 |
| 60-Period High | 60.96 | 67.14 |
| 60-Period Low | 47.77 | 38.44 |
Scenarios
OXY Technical Scenarios
Conditions, invalidation triggers, and what to watch for each scenario.
Bullish
Trigger
Price breaks and sustains above the 20-day high at 58.99, followed by a move toward the 60-day high at 60.96.
Invalidation
Price falls back below the 20-day low at 49.39 and then the 60-day low at 47.77.
What to watch
Weekly MACD histogram turning positive to confirm momentum; increasing volume on up days; RSI holding above 55 on the daily chart.
Range-Bound
Trigger
Price continues to oscillate between the 47.77-49.39 support zone and the 58.99-60.96 resistance zone.
Invalidation
A decisive break of either boundary with expanding volume.
What to watch
RSI staying between 45 and 60; volume remaining near average levels; daily MACD histogram staying positive but not accelerating.
Bearish
Trigger
Price breaks below 47.77 (20/60-day low) and then 38.44 (52-week low).
Invalidation
Price reclaims SMA20 (54.98) and SMA50 (54.63) and holds above both.
What to watch
Sustained closes below SMA20 (54.98); increasing downside volume; RSI breaking below 45 on the daily chart.
Methodology
Methodology and Limitations
This technical analysis is calculated locally from adjusted OHLCV history. The daily series ends August 3, 2026, and the weekly series ends July 27, 2026 week. The latest completed daily bar is independently checked for date and closing-price consistency. Historical prices are adjusted for corporate actions when applicable. Indicators include Wilder RSI(14), MACD(12,26,9), SMA20/50/200, Wilder ATR(14), Bollinger Bands(20,2), relative volume, multi-period returns, and price-range levels. Support and resistance are descriptive zones, not guaranteed reversal points. Historical patterns do not predict future prices, and this page is not investment advice.
Frequently Asked Questions
This technical analysis is for informational and educational purposes only. It does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Past performance and historical patterns are not guarantees of future results. All investments carry risk, including the potential loss of principal. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Market data is checked for date and closing-price consistency before indicators are calculated. Data cutoffs: daily August 3, 2026, weekly July 27, 2026 week. Generated August 4, 2026.
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