OCCIDENTAL PETROLEUM - 15 min. - Technical analysis published on 09/15/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 66.92 USD
My targets
64.89 USD (-0.51%)
64.01 USD (-1.85%)
My analysis
The strong short-term decline of OCCIDENTAL PETROLEUM reinforces the current slightly bearish trend. As long as the price remains below 66.92 USD, you could take advantage of this bearish acceleration. The first bearish objective is located at 64.89 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 64.01 USD as an objective. Crossing it would then enable sellers to target 63.26 USD. A return to above 66.92 USD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
3.8
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Additional analysis
Quotes
The OCCIDENTAL PETROLEUM rating is 65.22 USD. The price registered a decrease of -2.95% on the session and was between 65.10 USD and 66.14 USD. This implies that the price is at +0.18% from its lowest and at -1.39% from its highest.65.10
66.14
65.22
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by OCCIDENTAL PETROLEUM:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of OCCIDENTAL PETROLEUM in 15 min. shows an overall slightly bearish trend. 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 15 minutes
Support of channel is broken
Type : Bearish
Timeframe : 15 minutes
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 57.29 | 61.19 | 63.26 | 65.22 | 66.02 | 67.77 | 70.58 |
| Change (%) | -12.16% | -6.18% | -3.01% | - | +1.23% | +3.91% | +8.22% |
| Change | -7.93 | -4.03 | -1.96 | - | +0.80 | +2.55 | +5.36 |
| Level | Major | Minor | Major | - | Major | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 64.01 | 64.89 | 66.04 | 66.92 | 68.07 | 68.95 | 70.10 |
| Camarilla | 66.64 | 66.83 | 67.01 | 67.20 | 67.39 | 67.57 | 67.76 |
| Woodie | 64.16 | 64.96 | 66.19 | 66.99 | 68.22 | 69.02 | 70.25 |
| Fibonacci | 64.89 | 65.66 | 66.14 | 66.92 | 67.69 | 68.17 | 68.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 57.75 | 60.82 | 63.22 | 66.29 | 68.69 | 71.76 | 74.16 |
| Camarilla | 64.11 | 64.61 | 65.11 | 65.61 | 66.11 | 66.61 | 67.11 |
| Woodie | 57.41 | 60.65 | 62.88 | 66.12 | 68.35 | 71.59 | 73.82 |
| Fibonacci | 60.82 | 62.91 | 64.20 | 66.29 | 68.38 | 69.67 | 71.76 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.15 | 47.93 | 59.40 | 68.18 | 79.65 | 88.43 | 99.90 |
| Camarilla | 65.29 | 67.15 | 69.00 | 70.86 | 72.72 | 74.57 | 76.43 |
| Woodie | 40.49 | 48.60 | 60.74 | 68.85 | 80.99 | 89.10 | 101.24 |
| Fibonacci | 47.93 | 55.67 | 60.45 | 68.18 | 75.92 | 80.70 | 88.43 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 42.36 | |
| MACD (12,26,9): | -0.2000 | |
| Directional Movement: | -13.06 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 66.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 67.03 | |
| Elder Ray (13): | -0.44 | |
| Super Trend (3,10): | 67.29 | |
| Zig ZAG (10): | 66.01 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 25.24 | |
| TEMA (21): | 65.92 | |
| Williams %R (14): | -77.82 | |
| Chande Momentum Oscillator (20): | -1.21 | |
| Repulse (5,40,3): | -0.3500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 3.68 |
| MA7: | 65.77 | |
| MA20: | 69.14 | |
| MA50: | 64.69 | |
| MA100: | 63.29 | |
| MAexp7: | 66.02 | |
| MAexp20: | 66.46 | |
| MAexp50: | 66.42 | |
| MAexp100: | 66.31 | |
| Price / MA7: | -0.84% | |
| Price / MA20: | -5.67% | |
| Price / MA50: | +0.82% | |
| Price / MA100: | +3.05% | |
| Price / MAexp7: | -1.23% | |
| Price / MAexp20: | -1.88% | |
| Price / MAexp50: | -1.82% | |
| Price / MAexp100: | -1.66% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on OCCIDENTAL PETROLEUM at the time of the analysis were as follows:
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This member declared not having a position on this financial instrument or a related financial instrument.
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