Occidental Petroleum (OXY) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for OXY · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$55.09last close · Aug 4, 202652-week range $38.80 – $67.45 · 18.32% below the high

OXY Triangle Pattern

OXY is currently forming a triangle on the daily timeframe. Detected Aug 4, 2026.

A triangle is a breakdown that suggests the recent run may be rolling over. A breakout projects a measured-move target near $50.29 (−13.2%). Across 13,619 backtested triangles, the setup followed through 52.4% of the time, averaging +0.36R; OXY's own triangles have hit 55.2%.

DirectionBearishTarget$50.29Projected move−13.2%Breakout level$57.33

New to this pattern? What a triangle is and how to trade it →

OXY's Most Recent Triangle Trade

OXY's most recent completed triangle resolved as a win: it broke down on Jun 9, 2026 near $56.92, then reached its target at $50.29 on Jun 26, 2026 — a +1.85R move (11.6%) over 12 sessions. Across 183 backtested triangles, this setup wins 53.0% of the time.

OutcomeWinResult+1.85REntry$56.92Exit$50.29

Learn about triangle

How Triangles Have Performed

Win rate
52.4%
Avg return
+0.36R
Backtested trades
13,619
OXY win rate
55.2%

Historical pattern statistics (2006-08-04 – 2026-08-04), not a prediction.

How these backtests work →

OXY Pattern Trade History

Every completed pattern trade our nightly backtest found on OXY's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
TriangleJun 9, 2026 @ $56.92Jun 26, 2026 @ $50.29Win+1.85R
Bullish PennantMay 15, 2026 @ $57.93Jun 18, 2026 @ $51.82Loss-1.24R
TriangleFeb 18, 2026 @ $47.01Mar 10, 2026 @ $53.12Win+2.85R
Rising WedgeFeb 4, 2026 @ $45.84Mar 10, 2026 @ $53.12Win+2.87R
TriangleDec 10, 2025 @ $41.18Jan 8, 2026 @ $43.23Loss-1.01R
TriangleOct 2, 2025 @ $46.43Oct 10, 2025 @ $43.08Win+1.11R
Bullish PennantAug 15, 2025 @ $45.01Oct 10, 2025 @ $42.15Loss-2.05R
Rising WedgeJun 30, 2025 @ $42.39Aug 28, 2025 @ $47.51Loss-1.04R
Rising WedgeJun 24, 2025 @ $42.63Aug 28, 2025 @ $47.51Loss-1.04R
TriangleDec 4, 2024 @ $49.84Jan 13, 2025 @ $52.68Loss-1.24R
TriangleSep 3, 2024 @ $56.22Sep 6, 2024 @ $53.12Win+1.38R
TriangleFeb 14, 2024 @ $58.19Mar 26, 2024 @ $63.32Win+4.43R

OXY Support and Resistance Levels

Price found a floor near $48.81 about 5 weeks ago and has been climbing since. On the weekly chart, the next ceiling overhead sits near $68.07 — still about 24% away.

  • Traders commonly watch $68.07 as a target (its 78.6% extension) — think of it as a sensible next stop, not a guarantee.
  • That ceiling is the first place the climb might pause — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $48.81 floor about 5 weeks ago, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh starting point.

Nearest auto-detected support sits near $49.45. These are chart/swing-derived levels, not formula pivots.

Support
$49.45$47.65$38.73

OXY Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$54.30$55.37$53.76$55.09
Aug 3, 2026$55.64$56.13$54.86$55.47
Jul 31, 2026$56.00$57.10$55.55$57.07
Jul 30, 2026$55.04$55.98$54.73$55.95
Jul 29, 2026$55.73$56.32$55.33$56.03
Jul 28, 2026$55.00$55.43$53.75$53.93
Jul 27, 2026$55.54$56.49$54.91$54.93
Jul 24, 2026$57.30$57.93$56.83$57.30
Jul 23, 2026$58.64$58.99$57.50$57.60
Jul 22, 2026$57.47$57.82$57.09$57.50

OXY Frequently Asked Questions

What chart pattern is OXY forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a triangle on Occidental Petroleum (OXY) on the daily chart, with a measured-move target of $50.29.
Is a triangle bullish or bearish?
The triangle detected on OXY is a bearish pattern, projecting a measured-move target of $50.29. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a triangle pattern, and what is its win rate?
Across TradingPal's backtest of the triangle family (13,619 trades over 631 symbols), it resolved in the expected direction 52.4% of the time with an average of +0.36R. These are historical statistics, not a prediction.
What are the support and resistance levels for OXY?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), OXY's nearest support is around $49.45 and nearest resistance around n/a.
What is the price target if OXY's pattern breaks out?
The detected triangle has a geometry-based measured-move target of $50.29 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was OXY's closing price on Aug 4, 2026?
Occidental Petroleum (OXY) last closed at $55.09 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.