OXY

Occidental PetroleumEnergy

$57.30-0.52%

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$57.30

MAYJUNJUL

Rounding Bottom Detected

Traders are watching this Rounding Bottom on OXY. Inspect the chart now.

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Quick Actions

Trade Plan: Rounding Bottom

Risk/Reward

1:2

Entry

$58.99

Stop

$53.38

Target

$70.21

Chart Pattern

Rounding Bottom

Gradual reversal from bearish to bullish.

Market Analysis

Market participants tracking Occidental Petroleum should note the latest formation. With a last close of $57.3, volatility remains active (-0.52%). Price action has carved out a classic Rounding Bottom. This setup is supported by average volume turnover. A potential breakout level is identified at $58.99, targeting $70.21 with support near $53.38 (R:R 2.0).

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Peer Analysis

Hal Bearish Flag Tpl Bullish Flag Wmb Descending Triangle Slb Rounding Bottom Trgp Ascending Triangle

Pattern Peers

Ph Rounding Bottom Hig Rounding Bottom Fitb Rounding Bottom Ltc Rounding Bottom Usb Rounding Bottom