$OXY Occidental Petroleum Corporation Stock Robo Analyst July 18 2020 #OXY

Occidental Petroleum Corporation (OXY) “On a long-term technical basis, the stock (OXY) is trading below its 200-day moving average which generally implies it is in a negative trend. The stock has broken down through support at 19.55, so look for new support at 11.41.

The stock has support at 15.29 and 12.75. If the stock breaks down through support at 15.29 then it will probably continue lower to 12.75. The stock has resistance at 16.89 and at 18.27. If the stock breaks up through resistance at 16.89 then it will probably continue higher to 18.27. The 200-day moving average is at 28.76. This will also act as resistance. The stock is extremely oversold according to the Stochastic Indicator (17.12), and turning up, which suggests a pause or possible rebound, especially if near support. Confirm this with the Short-Term and Daily Outlook to keep from exiting prematurely.”