OXY Price Prediction Next Week
Based on the provided data and technical analysis, here is the prediction for OXY's stock price next week:
Technical Analysis
The technical indicators show:
- RSI at 43.94 indicates the stock is approaching oversold territory but not yet oversold
- MACD at 0.41 suggests slight bullish momentum
- Current price is below both 20-day MA ($50.50) and 200-day MA ($56.02), indicating bearish trend
- Fibonacci levels show key resistance at $52.77 and support at $49.72
News Sentiment Analysis
- Berkshire Hathaway maintains significant ownership of over 28% in OXY, demonstrating Warren Buffett's continued confidence in the company
- Recent geopolitical uncertainties and U.S. sanctions on Russia have driven oil prices higher
- OXY's carbon capture initiatives and strategic importance to U.S. energy independence remain key positive factors
Price Target for Next Week Based on technical and fundamental factors:
- Resistance levels: $52.77 (R1), $53.72 (R2)
- Support levels: $49.72 (S1), $48.77 (S2)
Most likely scenario (60% probability):
- Price range: $49.72 - $52.77
- Target: $51.25 (Fibonacci pivot)
Trading Recommendation SELL with the following strategy:
- Entry: Current market price around $51.19
- Take profit: $49.72 (S1)
- Stop loss: $52.77 (R1)
Rationale:
- Bearish technical trend with price below key moving averages
- RSI showing weakness but not extreme oversold conditions
- Recent stock performance has lagged broader market despite positive oil price environment
- Fibonacci levels suggest more downside potential in short term
OXY Similar Chart Price Prediction
The price of OXY is predicted to go up -11.93%, based on the high correlation periods with KIDS. The similarity of these two price pattern on the periods is 97.98%.
OXY
KIDS
Down: -11.93%Similarity: 97.98%
OXY Revenue Forecast
OXY EPS Forecast
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OXY VS S&P500
Oxy has a dominant position in the Permian Basin, which is the cheapest source of production in the US and is expected to be a major growth engine in the next few years.
Oxy's conventional assets in the Gulf of Mexico and the Middle East complement its shale operations nicely by generating stable cash flows from assets with a much lower base decline rate.
The Oxy Low Carbon Ventures segment is synergistic with Oxy's chemical business, and Oxy's enhanced oil recovery portfolio holdings and expertise give it a natural advantage in carbon capture.
OXY Analyst's Forecast
Neal Dingmann
Truist Securities
Hold
Price Target
$56 → $58
Upside
+10.1%
Truist analyst Neal Dingmann raised the firm's price target on Occidental Petroleum to $58 from $56 and keeps a Hold rating on the shares as part of a broader research note updating the firm's model with 2026 expectations. Truist sees sequentially higher estimated 2026 earnings and free cash flows based on minimally lower commodity prices, minimally higher production, flat costs, minimal asset degradation, and minimal to moderate operational efficiencies, adding that it sees commodity prices - oil and natural gas - remaining firmer this year than many investors currently expect.
Biju Perincheril
Susquehanna
Buy
Price Target
$78 → $77
Upside
+49.05%
Jean Ann Salisbury
B of A Securities
Hold
Price Target
$57
Upside
+10.19%