CONOCOPHILLIPS (COP) Stock Technical Analysis
NYSE:COP - New York Stock Exchange, Inc. - US20825C1045 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to COP. COP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, COP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 96.96. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 93.12, 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
When analyzing the support we can see 4 important areas.
- A support zone ranging from 91.91 to 95.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @87.23 from a trend line in the daily time frame.
- 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.
- A resistance zone ranging from 96.96 to 96.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @99.63 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 | DOWN | NEGATIVE | The long term trend for COP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for COP is down. |
| ChartMill Relative Strength | 23.74 | NEGATIVE | COP has a low relative strength, it was outperformed by 76.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of COP is above a declining 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) | 48.49 | NEUTRAL | The RSI value for COP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests COP has a negative trend. |
| Stochastics (14,3) | 29.68 | NEUTRAL | The Stochastics value for COP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for COP suggests some volalility. |
| Average Directional Index/ADX (14) | 14.25 | NEGATIVE | The low ADX value for COP suggests a weak or negative trend. |
NYSE:COP (8/6/2025, 9:42:10 AM)
95.375
+2.17 (+2.33%)