CONOCOPHILLIPS (COP) Stock Technical Analysis
USA - NYSE:COP - US20825C1045 - Common Stock
We assign a technical rating of 1 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.
The technical rating of COP is bad and it also does not present a quality setup 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
When analyzing the support we notice one important area.
- A support zone ranging from 84.58 to 86.41. 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 95.33 to 95.37. 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 | DOWN | NEGATIVE | The long term trend for COP is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for COP is neutral. |
| ChartMill Relative Strength | 21.22 | NEGATIVE | COP has a low relative strength, it was outperformed by 78.78% 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) | DOWN | MIXED | The current price of COP is above a declining 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) | 56.4 | NEUTRAL | The RSI value for COP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.56 | POSITIVE | The MACD value suggests COP has a positive trend. |
| Stochastics (14,3) | 73.03 | NEUTRAL | The Stochastics value for COP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.2 | MEDIUM VOLATILITY | The ATR as a percentage value for COP suggests some volalility. |
| Average Directional Index/ADX (14) | 17.92 | NEGATIVE | The low ADX value for COP suggests a weak or negative trend. |
91.37
+1.95 (+2.18%)
CONOCOPHILLIPS / COP FAQ
What is the ChartMill technical rating of CONOCOPHILLIPS (COP) stock?
ChartMill assigns a technical rating of 1 / 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 56.4028. 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 neutral.
What are the support and resistance levels for CONOCOPHILLIPS (COP) stock?
CONOCOPHILLIPS (COP) has a support level at 86.41 and a resistance level at 95.33. Check the full technical report for our detailed analysis of COP support and resistance levels.