Best ways to trade: Occidental Petroleum Corporation

Ticker: OXY
Asset type: Stocks
Last updated: Saturday, March 02, 2024 at 08:00 AM

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How easy it is to trade Occidental Petroleum Corporation

Let’s start with a general overview of the asset to understand how it has performed in the past. This section compares how the traders perform, analyzing those we monitor. The most critical data are the max return from the best trader, how many are profitable, and our score, which measures how much is easy compared to other assets of the same type.

Traders results for Occidental Petroleum Corporation (OXY)
WTT easy score
This indicator expresses how easy it was to trade in the last week

Let’s analyze the details of what happened:

Active Traders
57 of 3840
Traders still trading this asset

How many traders are trading Occidental Petroleum Corporation?

We are maintaining an active watch on 3840 traders and their strategies. On 02-03-2024, 57 traders were observed trading Occidental Petroleum Corporation. This denotes Occidental Petroleum Corporation as not as widely sought-after as an asset.
All time return
Highest return between our traders

What was the best return trading Occidental Petroleum Corporation?

When examining a total of 57 traders, we observe the best return to be 8.91% on Occidental Petroleum Corporation.
Profitable traders
How many are profitable

How many traders are profittable day trading Occidental Petroleum Corporation?

At the moment 14.0% of the traders are creating some profit from their strategies.
Best Trading Strategy
The most effective trading strategy

Which day trading strategy is the most efective for Occidental Petroleum Corporation?

In the last period Momentum has been the most effective trading strategy.

If you don’t know what a trading strategy is, please check the training section(Trading Strategies).

Traders attitude
Traders attitude in the last 7 days

What is the opinion of traders on the value of Occidental Petroleum Corporation?

The current attitude of the investors regarding the asset is uncertain.

Best trading strategy for Occidental Petroleum Corporation (BETA)

In this section, we are going to detail the trading strategy that is currently the most effective. Please refer to the training (trading strategies) section for more information. This strategy is created by analyzing thousands of strategies and combining the best features to form a new, optimized approach. We advise that this new feature is currently in BETA testing phase (Hazel AI system). Please be aware of its experimental nature and potential for unexpected issues or limited functionality.

Strategy Class
Current best
Annual return
Estimated of the annual return
Time scale
Current best
Win Trades
% win trades
Num trades
Trades executed
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Download the strategy for Occidental Petroleum Corporation

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Let’s analyze the details of the strategy: 


Explore the following key trading indicators that can help analyze price movements and guide trading decisions for Occidental Petroleum Corporation.
First indicator

Best lagging indicator for Occidental Petroleum Corporation

 The first indicator is the most important for a strategy; what you find here are the parameters that must be used operationally.

Second indicator

Best leading indicator for Occidental Petroleum Corporation

 The second indicator is also quite important for a strategy; Using two technical indicators in a strategy provides more confirmation and reduces false signals, leading to improved decision-making and potentially higher accuracy in identifying market trends and entry/exit points.

Macro Indicator
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Best macro indicator for Occidental Petroleum Corporation

The third indicator focus on economic, financial, or geopolitical factors that impact asset prices. Fundamental indicators may include interest rates, economic growth, earnings reports, and news events. 

Entry point strategy

Discover potential entry points for Occidental Petroleum Corporation.
Main entry strategy
RSI < 21 and MACD > signal
The current best strategy for entry

Technical indicator entry strategy for Occidental Petroleum Corporation

When combining indicators in a trading strategy for entry points, one approach is to look for convergence or agreement between multiple indicators. For example, if both the moving average crossover and the relative strength index (RSI) indicate a bullish signal, it strengthens the likelihood of a successful trade. This convergence provides more confidence in the entry point and increases the probability of a favorable outcome.

Other entry strategy
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Other entry strategy for Occidental Petroleum Corporation

Available only in the premium version.

Alerts to monitor
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Alerts to monitor for Occidental Petroleum Corporation

Available only in the premium version.

Exit point strategy

Discover potential exit points for Occidental Petroleum Corporation.
Main exit strategy
RSI > 71 and MACD < signal
The current best strategy for exit

Best exit strategy for Occidental Petroleum Corporation

here you can find the detail for Implement an effective exit strategy for Occidental Petroleum Corporation.
Alerts to monitor
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Alerts to monitor for Occidental Petroleum Corporation

Available only in the premium version.

Trading guide for Occidental Petroleum Corporation

WTT score
Let’s analyze what we have learned trading Occidental Petroleum Corporation. The analysis will cover the ease of trading, price volatility, and current market trend of the stock. The asset is undergoing a sharp decline, reflecting bearish market conditions. Occidental Petroleum Corporation requires a measured approach to trading. Investors should brace for substantial price oscillations. After careful consideration of the aforementioned factors, it becomes evident that trading with Occidental Petroleum Corporation is reasonably advised.
– A market characterized by tempered price fluctuations conducive for calculated trades.

– The market is in freefall, signaling a hostile environment for investments.

– The market may remain in a downturn longer than anticipated.

Trend analysis

This section lists the main factor or risks of trading this product. Like the previous insights, we use data from our traders to analyze the risk factor of the asset. The most crucial point is how many traders are in green; a percentage below 20% indicates an investment that is very difficult to trade. 

Trend analysis for Occidental Petroleum Corporation (OXY)

Market regimes are periods of persistent market conditions. They affect the relevance of investment factors and the success of trading strategies. 

How long the situation will stay similar for Occidental Petroleum Corporation?

Within this section, we analyze the likelihood of market conditions enduring for Occidental Petroleum Corporation.The current market sentiment is panic. Over the past few weeks, the market has experienced an oscillation of 0.21 points, exhibiting a downward trend over 37910 periods. This is indicative of a market regime with considerable longevity. The market has shown relatively stable price movements, signifying bearish tendencies and suggesting investor prudence.
How long is lasting?
80 Days
The number of days this trend is lasting

How long this trend is lasting for Occidental Petroleum Corporation?

Alerts and risk factors

These are factors that can potentially change the perception of the stock. These factors can lead to a change in the regime. Please refer to the training section for more information.

Risk factor 1

Headline Risk
Type: News

What is the main risk factor for Occidental Petroleum Corporation?

Risk factor 2

Competitive risk
Type: Operational

What is the second most important factor for Occidental Petroleum Corporation?

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