Occidental Petroleum's Trading Volume Ranks High as Stock Price Fluctuates

On July 21, 2025, Occidental Petroleum (OXY) closed at $43.00, marking a 1.42% decrease from the previous day. The trading volume for the day was approximately $268.04 million, with 6 million shares exchanged. The stock experienced fluctuations throughout the day, reaching a low of $42.96 and a high of $43.90, indicating a 2.19% range.

Occidental's stock price has been volatile over the past two weeks, experiencing a 0.81% loss. The stock is currently in a rising trend, but there are concerns about a potential trend shift if the support level at $42.72 is breached. Analysts predict a 10.49% increase in the stock price over the next three months, with a 90% probability that it will trade between $47.20 and $53.32 by the end of this period.

The stock has received mixed signals from technical indicators. While the 3-month Moving Average Convergence Divergence (MACD) suggests a buy signal, both short and long-term moving averages indicate a sell signal. Resistance levels are identified at $43.84 and $43.75, and a break above these levels could trigger buy signals. A pivot top point on June 13, 2025, has resulted in a 7.43% decline, with further downward movement expected until a new bottom pivot is established.

Support for the stock is found at $42.69, where accumulated volume suggests a potential buying opportunity. The stock's average daily movements and good trading volume indicate a medium risk level. For the upcoming trading day, the stock is expected to open at $43.29 and move within a range of $42.35 to $43.65, presenting a possible trading interval of +/-$1.31 (+/-3.09%) from the last closing price.

Analysts have set an average price target of $53.71 for Occidental Petroleum over the next twelve months, with the highest target at $75. The stock is expected to post earnings of $0.31 per share for the current quarter, reflecting a -69.9% change from the year-ago quarter. The stock's PEG ratio is not available, while the Price to Book (P/B) ratio is 1.24, the Price to Sales (P/S) ratio is 0.00, the P/FCF ratio is 10.07, and the Enterprise Value/Market Cap ratio is 1.63.