CONOCOPHILLIPS (COP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:COP - US20825C1045 - Common Stock
Overall COP gets a technical rating of 4 out of 10. COP has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
COP has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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83.73
2 important support areas can be observed.
- A support zone ranging from 89.25 to 90.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 84.58 to 86.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 94.33 to 94.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong resistance @96.96 from a horizontal line in the daily time frame.
- A resistance zone ranging from 98.97 to 98.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 32.77 | NEUTRAL | COP is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of COP is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of COP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.36 | NEUTRAL | The RSI value for COP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.7 | POSITIVE | The MACD value suggests COP has a positive trend. |
| Stochastics (14,3) | 94.57 | OVERBOUGHT | The high Stochastics value suggests COP may be overbought. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for COP suggests some volalility. |
| Average Directional Index/ADX (14) | 23.75 | NEUTRAL | The ADX value for COP suggests a possible start of a new trend. |
93.69
+0.57 (+0.61%)
CONOCOPHILLIPS / COP FAQ
What is the ChartMill technical rating of CONOCOPHILLIPS (COP) stock?
ChartMill assigns a technical rating of 4 / 10 to COP.
What is the current trend direction of CONOCOPHILLIPS (COP) stock?
The current trend direction for CONOCOPHILLIPS (COP) is Bearish.
What is the RSI signal for CONOCOPHILLIPS (COP) stock?
CONOCOPHILLIPS (COP) has an RSI value of 63.3581. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CONOCOPHILLIPS?
The short term momentum for CONOCOPHILLIPS (COP) is positive.
What are the support and resistance levels for CONOCOPHILLIPS (COP) stock?
CONOCOPHILLIPS (COP) has a support level at 90.6 and a resistance level at 94.33. Check the full technical report for our detailed analysis of COP support and resistance levels.