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Technical Assessment: Neutral in the Intermediate-Term

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Occidental Petroleum Corporatio (OXY) Stock Forecasts

AllTechnical Analysis

Argus•February 27, 2024

Intermediate Term

Long Term

Summary

While the Nasdaq continues to flirt with (finally) printing an all-time high (ATH), the last of which was in November 2021 at 16,057.44, the Nasdaq 100 (QQQ) has been in ATH territory since December 2023. And yes, the ETF has cycled into overbought (OB) territory on a daily and weekly basis and is close to cycling into OB territory on a monthly basis.

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