CONOCOPHILLIPS (COP) Stock Technical Analysis
NYSE:COP • US20825C1045
Taking everything into account, COP scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, COP is only an average performer.
- The long and short term trends are both positive. This is looking good!
- COP is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month COP has a been trading in the 97.69 - 113.80 range, which is quite wide. It is currently trading near the high of this range.
- COP has an average volume of 8330370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that COP is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- COP is part of the Oil, Gas & Consumable Fuels industry. There are 206 other stocks in this industry, COP did better than 60% of them.
COP has an excellent technical rating and also presents a decent setup pattern. 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 111.43. Right above this resistance zone may be a good entry point.
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83.73
5 important support areas can be observed.
- A support zone ranging from 99.63 to 101.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @95.52 from a horizontal line in the daily time frame.
- Support @91.00 from a horizontal line in the daily time frame.
- Support @86.29 from a horizontal line in the weekly time frame.
- Support @84.58 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 111.43 to 111.59. 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 | UP | POSITIVE | The long term trend for COP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for COP is up. |
| ChartMill Relative Strength | 76.19 | POSITIVE | COP has a high relative strength, it outperformed 76.19% 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) | UP | POSITIVE | The current price of COP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.52 | NEUTRAL | The RSI value for COP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests COP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.72 | NEUTRAL | The Stochastics value for COP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for COP suggests some volalility. |
| Average Directional Index/ADX (14) | 33.78 | POSITIVE | The high ADX value value for COP suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 111.60 | 105.11 | 6.49 (5.82%) | 17.20% |
| An entry @111.60. This is a Buy Stop order right above the resistance zone. | An exit @105.11. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 6.49 points, which is 5.82%. | For a 1.00% total portfolio risk, you can invest 17.20% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
110.53
-1.06 (-0.95%)
CONOCOPHILLIPS / COP FAQ
What is the ChartMill technical rating of CONOCOPHILLIPS (COP) stock?
ChartMill assigns a technical rating of 8 / 10 to COP.
Can you provide the trend direction for CONOCOPHILLIPS?
The current trend direction for CONOCOPHILLIPS (COP) is Bullish.
What is the RSI signal for CONOCOPHILLIPS (COP) stock?
CONOCOPHILLIPS (COP) has an RSI value of 62.5235. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CONOCOPHILLIPS?
The MACD indicator for CONOCOPHILLIPS (COP) has a value of 0.122523, indicating a bearish trend.
What is the buy/sell signal for COP stock?
The buy/sell signal for CONOCOPHILLIPS (COP) is buy as both the short term and long term trends are positive.