OXY rallies 2.25% closing $1.90 higher


Occidental Petroleum Corporation (OXY) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team

Highlights

OXY rallies 2.25% closing $1.90 higher
OXY dominated by bulls lifting the market higher throughout the day
OXY ends the day on a bullish note closing near the high of the day
OXY pushes through previous session high
OXY rises to highest close since October 23, 2014

Overview

OXY finished Thursday at 86.16 surging $1.90 (2.25%). This is the biggest single day gain in over a week. Today's closing price of 86.16 marks the highest close since October 23, 2014. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 84.70, Occidental Petroleum confirms its breakout through the prior session's high having traded $1.54 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily Candlestick Chart (OXY as at May 17, 2018):

Daily technical analysis candlestick chart for Occidental Petroleum Corporation (OXY) as at May 17, 2018

Thursday's trading range was $1.99 (2.35%), that's above last trading month's daily average range of $1.50. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being below average.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.


Market Conditions for OXY as at May 17, 2018

Loading Market Conditions for OXY (Occidental Petroleum Corporation)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Occidental Petroleum Corporation traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!