Occidental Petroleum Corporation (NYSE:OXY) Sector: Energy Minerals (Oil & Gas Production) Market Capitalization: 69.778B Current Price: $74.91 Breakout price: $75.60 Buy Zone (Top/Bottom Range): $71.55-$65.95 Price Target: $85.50-$86.60 Estimated Duration to Target: 30-33d Contract of Interest: $OXY 10/21/22 85c Trade price as of publish date: $2.87/contract
NYSE:OXY Massive Bullish Candle takes out 90 days of price action See the chart for more analysis Time is of the essence as they say; buy now or do not chase !
In this chart, I have plotted the ratio of the price of the USOIL ETF over the DIA, which is the broad ETF for the DJI. The chart shows the USOIL ETF has been stronger than the DIA until the market lows in mid June after which the DIA rebounded while hot oil prices cooled off. The analysis would be is that oil prices may be relatively undervalued at present...
Highlighted previously a couple of weeks ago, OXY just spiked 9.88% on Friday. The weekly chart shows some consolidation and then a two week bullish candle stack. The MACD crossed over in bullish territory and this bullish run has an upside projection target of >100, a good 30% from last trading close. The daily chart similarly has technical indicators turning...
ABC correction appears complete. No in a leading diagonal rising wedge pattern. Likely a retest to $5.80 before starting the next leg higher.
VANTAGE:USOUSD With the news catalyst of massive new open leases on federal land for USOIL and the big oil companies USOUSD has reacted with a big uptrend. with major resistance 3 to 4 percent higher this may continue. This seems to be a good setup for a swing long trade on USOUSD and potentially any of the big oil stocks.
The technical figure Triangle can be found in the daily chart in the US company Occidental Petroleum Corporation (OXY). Occidental Petroleum Corporation is an American company engaged in hydrocarbon exploration in the United States, and the Middle East as well as petrochemical manufacturing in the United States, Canada, and Chile. The company ranked 183rd on the...
This is very obvious Head & Shoulders pattern. I expect the break of neckline in september.
it's a break of the channel, target still 42. Objective short would start today. Yeah I know Warren is buying, so what.
USOIL makes what looks like a classic Elliot Flat Correction. But where does it go from here? Is the correction a pause in upward prices? Or is the correction the change in direction from uptrend to downtrend? Note that the bottom yellow dotted line is the 200day MA area. Haven't even bounced off that yet.
Looking at the OXY Occidental Petroleum options chain, i would buy the $75 calls with 2022-10-21 expiration date for about $3.10 premium. Looking forward to read your opinion about it.
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, Africa, and Latin America. - BERKSHIRE HATHAWAY (Warren Buffet) is acquiring shares - Expected earnings and revenue beat - High oil prices - High volume - Above 200 EMA
Two earlier propositions OXY and SOXL identified were taken, as shared. The exuberance of the week prompted a close of the trade really quickly, particularly for SOXL. OXY just ran out of steam the moment it reached the resistance, so not yet to break out. White arrows denote the entry and exit points. You really need to see the intraday charts, 30 mins or 1 hour...
OXY was recently highlighted during the recent crude oil ease off retracement. A friend kept talking about it, and new about Berkshire (Buffet) accumulating this stock kept making headlines over the past couple of weeks. It was in the radar screen as this was something I missed earlier and looked for ward to getting some position as the crude prices should be...
Bearish hidden divergence on 4 hour chart and trendline resistance. If the idea is correct it shouldn't get past 104/105 although with oil it may spike past that first and then immediately sell. Target mid 80's
OXY has a trailing twelve month Price to Earnings (PE) ratio of 8.4. The historical average of roughly 15 shows a good value for OXY stock as investors are paying lower share prices relative to the company's earnings. OXY's low trailing PE ratio shows that the firm has been trading below its fair market value recently. Its trailing 12-month earnings per share...
Legendary investor Warren Buffet is pouring billions of dollars into Occidental Petroleum Corporation ! when it rejected heavily from strong and valid down trend line ! why ? Please note Buffett is a long term investor not a trader !. US market has been in a Bull run in large time frames (Yearly or Monthly) since 1932 therefore, any long term investor who...