When is Oxy predicted to go up

Occidental Petroleum (OXY) is predicted to experience a potential uptick in its stock price within the next few months, with the highest forecast price set at $71.91. Here's a detailed analysis based on current forecasts and analyst targets:

1. Short-Term Forecast: The forecast price for OXY over the next twenty trading days is expected to range from $57.4 to $59.45, with a closing price of $57.61 on August 16, 2024. This suggests a relatively stable price trend in the short term.

2. Mid-Term Forecast: Looking at the forecast prices over the next forty and sixty trading days, there is an upward trend with prices predicted to reach $59.8 and $59.12, respectively. These mid-term forecasts indicate a potential rise in the stock price.

3. Long-Term Potential: The average price target from analysts over the next twelve months is $71.91, with a high estimate of $81.00 and a low estimate of $63.00. This average target represents a significant upside from the current price, suggesting that analysts are generally optimistic about the stock's long-term performance.
4. Investor Sentiment: Investor sentiment towards OXY is positive, with a slight increase in the number of portfolios holding the stock. This positive sentiment among investors could contribute to a potential rise in the stock price.
5. Strategic Considerations: Occidental Petroleum's strategic shifts and financial leverage concerns have been noted by analysts, which could influence the stock's performance. Addressing these factors could potentially lead to a more significant increase in the stock price.

In conclusion, while the short-term forecast suggests stability, the mid-term and long-term forecasts indicate potential upside for OXY. The positive analyst sentiment and strategic considerations suggest that OXY could be predicted to go up, especially if the company successfully navigates its strategic shifts and market conditions improve.