Occidental Petroleum Stock Forecast - Rate Of Daily Change
OPC Stock | 46.85 1.07 2.23% |
Occidental Stock Forecast is based on your current time horizon.
Occidental |
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Occidental Petroleum Trading Date Momentum
On December 04 2024 Occidental Petroleum was traded for 46.85 at the closing time. The highest price during the trading period was 48.43 and the lowest recorded bid was listed for 46.82 . The volume for the day was 2.1 K. This history from December 4, 2024 did not cause price change. The trading delta at closing time to the current price is 2.50% . |
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.
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Other Forecasting Options for Occidental Petroleum
For every potential investor in Occidental, whether a beginner or expert, Occidental Petroleum's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Occidental Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Occidental. Basic forecasting techniques help filter out the noise by identifying Occidental Petroleum's price trends.Occidental Petroleum Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Occidental Petroleum stock to make a market-neutral strategy. Peer analysis of Occidental Petroleum could also be used in its relative valuation, which is a method of valuing Occidental Petroleum by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
Occidental Petroleum Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Occidental Petroleum's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Occidental Petroleum's current price.Cycle Indicators | ||
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Occidental Petroleum Market Strength Events
Market strength indicators help investors to evaluate how Occidental Petroleum stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Occidental Petroleum shares will generate the highest return on investment. By undertsting and applying Occidental Petroleum stock market strength indicators, traders can identify Occidental Petroleum entry and exit signals to maximize returns.
Occidental Petroleum Risk Indicators
The analysis of Occidental Petroleum's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Occidental Petroleum's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting occidental stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Mean Deviation | 1.31 | |||
Standard Deviation | 1.78 | |||
Variance | 3.18 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Occidental Stock Analysis
When running Occidental Petroleum's price analysis, check to measure Occidental Petroleum's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Occidental Petroleum is operating at the current time. Most of Occidental Petroleum's value examination focuses on studying past and present price action to predict the probability of Occidental Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Occidental Petroleum's price. Additionally, you may evaluate how the addition of Occidental Petroleum to your portfolios can decrease your overall portfolio volatility.