CONOCOPHILLIPS (COP) Stock Technical Analysis
NYSE:COP - New York Stock Exchange, Inc. - US20825C1045 - Common Stock - Currency: USD
Taking everything into account, COP scores 3 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.
81% of all other stocks performed better in the past year than COP.
COP is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry, of which 69% are performing better than COP.
COP has an average volume of 8376850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
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.
In the last month COP has a been trading in the 85.23 - 98.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
COP has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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
When analyzing the support we can see 3 important areas.
- A support zone ranging from 90.22 to 92.01. 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.
We can see 4 important resistance areas.
- A resistance zone ranging from 94.58 to 95.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @96.96 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 101.31 to 102.31. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for COP is up. |
| ChartMill Relative Strength | 19.43 | NEGATIVE | COP has a low relative strength, it was outperformed by 80.57% 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) | 56.29 | NEUTRAL | The RSI value for COP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests COP has a positive trend. |
| Stochastics (14,3) | 48.36 | NEUTRAL | The Stochastics value for COP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.54 | MEDIUM VOLATILITY | The ATR as a percentage value for COP suggests some volalility. |
| Average Directional Index/ADX (14) | 17.08 | 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)
93.68
-0.76 (-0.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.8%
1 Week3.07%
2 Weeks-0.13%
1 Month8.99%
3 Month8.56%
6 Month-7.33%
12 Month-16.77%
2 Year-20.42%
3 Year-3.85%
5 Year150.55%
10 Year86.09%
15 Year69.65%
Volatility
ATR(14)2.35
ATR(20)%2.54%
ATR Inc-22.88%
Range Today1.22
ADR(20)2.21
ADR(20)%2.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.43
Mansfield-1.46
10 Day High96.31
10 Day Low88.8
20 Day High98.25
20 Day Low85.23
52 Week High118.4
52 Week Low79.88
CS1 End85.19
CR1 Start90.64
Volume & EV
DER(3)-0.27%
DER(5)-0.2%
Volume4.33M
Volume Incr-16.28%
Vol(5)7.95M
Vol(50)8.38M