OXY

Occidental PetroleumEnergy

$55.38-4.62%

0CP IndexNo Signal

How it works

The Setup Confidence (0-100) is an algorithmic score evaluating 4 key metrics. A score of 0 means no confirmed signal yet.

Trend Alignment (SMA)
Volume Confirmation
Pattern Clarity
Momentum (RSI)

3 Month Interval$55.38

FEBMARAPR

Rising Wedge Detected

Traders are watching this Rising Wedge on OXY. Inspect the chart now.

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Quick Actions

Trade Plan: Double Bottom

Risk/Reward

1:2

Entry

$67.45

Stop

$59.75

Target

$82.85

Chart Pattern

Rising Wedge

Reversal pattern. Price likely to break downwards.

Double Bottom

Reversal pattern after a downtrend.

Market Analysis

Technical analysis of Occidental Petroleum (OXY) reveals a significant setup. Currently at $55.38, the asset is showing downward momentum (-4.62%). Price action has carved out a classic Double Bottom. Volume is average (0.71x avg) with moderate trend strength (33.5). A potential breakout level is identified at $67.45, targeting $82.85 with support near $59.75 (R:R 2.0).

Community Sentiment

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