CONOCOPHILLIPS

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

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High / Low range:	-

Type:	Stocks
Ticker:	COP
ISIN:

CONOCOPHILLIPS - 1H - Technical analysis published on 10/09/2023 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

94%

My opinion

Bullish above 120.92 USD

My targets

124.34 USD (+2.14%)

130.95 USD (+7.57%)

My analysis

The strong short-term increase for CONOCOPHILLIPS reinforces the current slightly bullish trend. As long as the price remains above 120.92 USD, you could take advantage of this bullish acceleration. The first bullish objective is located at 124.34 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 130.95 USD as an objective. A return to 120.92 USD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

CONOCOPHILLIPS rating 121.73 USD. On the day, this instrument gained +5.55% with the lowest point at 118.75 USD and the highest point at 121.79 USD. The deviation from the price is +2.51% for the low point and -0.05% for the high point.

118.75

121.79

121.73

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of CONOCOPHILLIPS indicates that the overall trend is slightly bullish. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 17 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	116.04	118.48	120.92	121.73	122.22	124.34	130.95
Change (%)	-4.67%	-2.67%	-0.67%	-	+0.40%	+2.14%	+7.57%
Change	-5.69	-3.25	-0.81	-	+0.49	+2.61	+9.22
Level	Major	Intermediate	Minor	-	Intermediate	Major	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	110.03	111.60	113.46	115.03	116.89	118.46	120.32
Camarilla	114.39	114.70	115.02	115.33	115.64	115.96	116.27
Woodie	110.19	111.67	113.62	115.10	117.05	118.53	120.48
Fibonacci	111.60	112.91	113.72	115.03	116.34	117.15	118.46

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	102.59	107.13	111.23	115.77	119.87	124.41	128.51
Camarilla	112.95	113.75	114.54	115.33	116.12	116.91	117.71
Woodie	102.37	107.02	111.01	115.66	119.65	124.30	128.29
Fibonacci	107.13	110.43	112.47	115.77	119.07	121.11	124.41

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	109.60	113.88	116.84	121.12	124.08	128.36	131.32
Camarilla	117.81	118.47	119.14	119.80	120.46	121.13	121.79
Woodie	108.94	113.55	116.18	120.79	123.42	128.03	130.66
Fibonacci	113.88	116.65	118.35	121.12	123.89	125.59	128.36

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	71.27
MACD (12,26,9):	1.4400
Directional Movement:	24.23
AROON (14):	92.86
DEMA (21):	118.99
Parabolic SAR (0,02-0,02-0,2):	117.67
Elder Ray (13):	2.91
Super Trend (3,10):	117.56
Zig ZAG (10):	121.75
VORTEX (21):	1.2200
Stochastique (14,3,5):	95.60
TEMA (21):	120.99
Williams %R (14):	-0.23
Chande Momentum Oscillator (20):	8.12
Repulse (5,40,3):	1.4800
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	11.59

MA7:	116.90
MA20:	119.95
MA50:	118.07
MA100:	111.10
MAexp7:	120.00
MAexp20:	117.60
MAexp50:	117.39
MAexp100:	118.36
Price / MA7:	+4.13%
Price / MA20:	+1.48%
Price / MA50:	+3.10%
Price / MA100:	+9.57%
Price / MAexp7:	+1.44%
Price / MAexp20:	+3.51%
Price / MAexp50:	+3.70%
Price / MAexp100:	+2.85%

Quotes : - 15 min delayed data - NYSE Stocks

News

Don't forget to follow the news on CONOCOPHILLIPS. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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