CONOCOPHILLIPS (COP) Stock Technical Analysis
NYSE:COP - New York Stock Exchange, Inc. - US20825C1045 - Common Stock - Currency: USD
Taking everything into account, COP scores 5 out of 10 in our technical rating. In the past year, COP was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, COP is a bad performer in the overall market: 78% of all stocks are doing better.
COP is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry, of which 62% are performing better than COP.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month COP has a been trading in the 88.80 - 98.25 range, which is quite wide. It is currently trading near the high of this range.
COP has an average volume of 8478680 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
COP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so COP is lagging the market.
Although the technical rating is only medium, COP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 95.31, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
81.83
107.16
We found 4 important support areas.
- A support zone ranging from 95.07 to 95.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 90.54 to 93.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @85.19 from a horizontal line in the weekly time frame.
- A support zone ranging from 82.66 to 82.66. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- Resistance @96.96 from a horizontal line in the weekly time frame.
- Resistance @100.93 from a trend line in the daily time frame.
- A resistance zone ranging from 105.85 to 106.10. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for COP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for COP is up. |
| ChartMill Relative Strength | 22.47 | NEGATIVE | COP has a low relative strength, it was outperformed by 77.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of COP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of COP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of COP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.77 | NEUTRAL | The RSI value for COP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests COP has a positive trend. |
| Stochastics (14,3) | 78.45 | NEUTRAL | The Stochastics value for COP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for COP suggests some volalility. |
| Average Directional Index/ADX (14) | 17.13 | NEGATIVE | The low ADX value for COP suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
95.61
+0.24 (+0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.25%
1 Week2.06%
2 Weeks5.19%
1 Month2.42%
3 Month10.67%
6 Month-6.19%
12 Month-15.49%
2 Year-18.78%
3 Year-1.87%
5 Year155.71%
10 Year89.93%
15 Year73.14%
Volatility
ATR(14)2.3
ATR(20)%2.49%
ATR Inc-17.21%
Range Today1.53
ADR(20)2.33
ADR(20)%2.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.47
Mansfield-1.22
10 Day High96.92
10 Day Low89.1
20 Day High98.25
20 Day Low88.8
52 Week High118.4
52 Week Low79.88
CS1 End95.31
CR1 Start96.96
Volume & EV
DER(3)2.32%
DER(5)2.12%
Volume4.90M
Volume Incr-25.82%
Vol(5)6.71M
Vol(50)8.48M