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CONOCOPHILLIPS
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 03/25/2024 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 114.85 USD
My targets
129.61 USD (+3.19%)
My analysis
CONOCOPHILLIPS is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 114.85 USD. The next resistance located at 129.61 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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
8.8

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

CONOCOPHILLIPS rating 125.60 USD. The price registered an increase of +2.09% on the session and was between 123.15 USD and 125.75 USD. This implies that the price is at +1.99% from its lowest and at -0.12% from its highest.

123.15
125.75
125.60

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of CONOCOPHILLIPS in Daily shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : Daily



In fact, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily



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

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : Daily


Resistance of channel is broken

Type : Bullish

Timeframe : Daily



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


ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 111.33 114.85 125.29 125.60 129.61
Change (%) -11.36% -8.56% -0.25% - +3.19%
Change -14.27 -10.75 -0.31 - +4.01
Level Major Major Intermediate - 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
Standard121.14121.92122.48123.26123.82124.60125.16
Camarilla122.66122.78122.91123.03123.15123.28123.40
Woodie121.02121.87122.36123.21123.70124.55125.04
Fibonacci121.92122.44122.75123.26123.78124.09124.60


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard115.22117.19120.11122.08125.00126.97129.89
Camarilla121.69122.13122.58123.03123.48123.93124.38
Woodie115.70117.43120.59122.32125.48127.21130.37
Fibonacci117.19119.06120.21122.08123.95125.10126.97


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard102.57105.42108.98111.83115.39118.24121.80
Camarilla110.78111.37111.95112.54113.13113.72114.30
Woodie102.93105.60109.34112.01115.75118.42122.16
Fibonacci105.42107.87109.38111.83114.28115.79118.24

Numerical data


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

Technical indicators
Moving averages

RSI (14): 78.42
MACD (12,26,9): 3.2300
Directional Movement: 30.43
AROON (14): 100.00
DEMA (21): 121.96
Parabolic SAR (0,02-0,02-0,2): 118.39
Elder Ray (13): 4.43
Super Trend (3,10): 118.32
Zig ZAG (10): 125.70
VORTEX (21): 1.2100
Stochastique (14,3,5): 97.12
TEMA (21): 124.28
Williams %R (14): -0.25
Chande Momentum Oscillator (20): 12.96
Repulse (5,40,3): 3.4100
ROCnROLL: 1
TRIX (15,9): 0.2900
Courbe Coppock: 17.90
MA7: 122.35
MA20: 116.75
MA50: 112.88
MA100: 113.70
MAexp7: 122.30
MAexp20: 118.18
MAexp50: 115.15
MAexp100: 114.06
Price / MA7: +2.66%
Price / MA20: +7.58%
Price / MA50: +11.27%
Price / MA100: +10.47%
Price / MAexp7: +2.70%
Price / MAexp20: +6.28%
Price / MAexp50: +9.08%
Price / MAexp100: +10.12%

Quotes : - 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:

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

About author

Londinia
Londinia AI

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