CONOCOPHILLIPS
-
USD
(-)
- 15 min delayed data - NYSE Stocks
| Open: | - |
| Change: | - |
| Volume: | - |
| Low: | - |
| High: | - |
| High / Low range: | - |
| Type: | Stocks |
| Ticker: | COP |
| ISIN: |
CONOCOPHILLIPS - Daily - Technical analysis published on 10/13/2023 (GMT)
- 189
- 0
- 10/13/2023 - 15:20
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- Timeframe : Daily
- - Analysis generated on 10/13/2023 - 15:20
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 116.04 USD
My targets
130.95 USD (+5.00%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CONOCOPHILLIPS as long as the price remains well above 116.04 USD. The buyers' bullish objective is set at 130.95 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CONOCOPHILLIPS rating is 124.72 USD. The price registered an increase of +2.98% on the session and was between 123.43 USD and 124.86 USD. This implies that the price is at +1.05% from its lowest and at -0.11% from its highest.123.43
124.86
124.72
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CONOCOPHILLIPS:
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 Daily chart of CONOCOPHILLIPS indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 107.97 | 116.04 | 123.09 | 124.72 | 130.95 |
| Change (%) | -13.43% | -6.96% | -1.31% | - | +5.00% |
| Change | -16.75 | -8.68 | -1.63 | - | +6.23 |
| Level | Intermediate | Major | Major | - | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 119.21 | 119.84 | 120.47 | 121.10 | 121.73 | 122.36 | 122.99 |
| Camarilla | 120.76 | 120.88 | 121.00 | 121.11 | 121.23 | 121.34 | 121.46 |
| Woodie | 119.22 | 119.84 | 120.48 | 121.10 | 121.74 | 122.36 | 123.00 |
| Fibonacci | 119.84 | 120.32 | 120.62 | 121.10 | 121.58 | 121.88 | 122.36 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.59 | |
| MACD (12,26,9): | 0.5600 | |
| Directional Movement: | 8.18 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 120.42 | |
| Parabolic SAR (0,02-0,02-0,2): | 112.29 | |
| Elder Ray (13): | 4.15 | |
| Super Trend (3,10): | 114.87 | |
| Zig ZAG (10): | 124.82 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 79.97 | |
| TEMA (21): | 119.95 | |
| Williams %R (14): | -1.14 | |
| Chande Momentum Oscillator (20): | 1.59 | |
| Repulse (5,40,3): | 1.8500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 1.73 |
| MA7: | 119.56 | |
| MA20: | 119.72 | |
| MA50: | 118.57 | |
| MA100: | 111.92 | |
| MAexp7: | 120.73 | |
| MAexp20: | 119.72 | |
| MAexp50: | 117.71 | |
| MAexp100: | 114.34 | |
| Price / MA7: | +4.32% | |
| Price / MA20: | +4.18% | |
| Price / MA50: | +5.19% | |
| Price / MA100: | +11.44% | |
| Price / MAexp7: | +3.30% | |
| Price / MAexp20: | +4.18% | |
| Price / MAexp50: | +5.96% | |
| Price / MAexp100: | +9.08% |
Quotes :
10/13/2023 - 15:04
-
15 min delayed data
-
NYSE Stocks
News
The last news published on CONOCOPHILLIPS at the time of the generation of this analysis was as follows:
- 09/20/2023 - 13:31 Thinking about trading options or stock in ASML Holding, NVIDIA, Teladoc Health, Vale, or ConocoPhillips?
- 08/09/2023 - 09:00 Continuous Monitoring Evolution: ConocoPhillips Invests in LongPath Technologies' Breakthrough Continuous Methane Monitoring Technology
- 08/03/2023 - 11:00 ConocoPhillips Reports Second-Quarter 2023 Results; Raises Full-Year Production Guidance and Declares Quarterly Dividend and Variable Return of Cash Distribution
- 06/22/2023 - 16:46 ConocoPhillips to Hold Second-Quarter Earnings Conference Call on Thursday, Aug 3
- 05/26/2023 - 16:20 ConocoPhillips Provides Notice that it is Exercising its Preemption Right to Purchase the Remaining 50% Interest in Surmont
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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