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 10/01/2024 (GMT)

Timeframe : Daily
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bearish

Technical indicators

50%

44%

My opinion

Neutral between 106.00 USD and 110.93 USD

My targets

My analysis

The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 110.93 USD. The first support is located at 106.00 USD. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by CONOCOPHILLIPS.

In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.

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 robby1966. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

CONOCOPHILLIPS rating 108.93 USD. The price registered an increase of +3.47% on the session and was traded between 104.10 USD and 109.68 USD over the period. The price is currently at +4.64% from its lowest and -0.68% from its highest.

104.10

109.68

108.93

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this CONOCOPHILLIPS chart shows a slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

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

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Three white soldiers

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	76.71	91.66	106.00	108.93	110.93	114.41	118.86
Change (%)	-29.58%	-15.85%	-2.69%	-	+1.84%	+5.03%	+9.12%
Change	-32.22	-17.27	-2.93	-	+2.00	+5.48	+9.93
Level	Minor	Intermediate	Major	-	Major	Intermediate	Minor

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	102.53	103.20	104.24	104.91	105.95	106.62	107.66
Camarilla	104.81	104.97	105.12	105.28	105.44	105.59	105.75
Woodie	102.72	103.29	104.43	105.00	106.14	106.71	107.85
Fibonacci	103.20	103.85	104.26	104.91	105.56	105.97	106.62

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	91.47	96.82	100.77	106.12	110.07	115.42	119.37
Camarilla	102.16	103.02	103.87	104.72	105.57	106.43	107.28
Woodie	90.77	96.47	100.07	105.77	109.37	115.07	118.67
Fibonacci	96.82	100.37	102.57	106.12	109.67	111.87	115.42

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	89.79	95.54	100.41	106.16	111.03	116.78	121.65
Camarilla	102.36	103.33	104.31	105.28	106.25	107.23	108.20
Woodie	89.35	95.32	99.97	105.94	110.59	116.56	121.21
Fibonacci	95.54	99.60	102.10	106.16	110.22	112.72	116.78

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):	53.14
MACD (12,26,9):	-0.7500
Directional Movement:	1.85
AROON (14):	50.00
DEMA (21):	106.17
Parabolic SAR (0,02-0,02-0,2):	111.18
Elder Ray (13):	0.05
Super Trend (3,10):	111.14
Zig ZAG (10):	108.87
VORTEX (21):	0.8200
Stochastique (14,3,5):	46.78
TEMA (21):	106.17
Williams %R (14):	-30.97
Chande Momentum Oscillator (20):	5.29
Repulse (5,40,3):	5.3400
ROCnROLL:	-1
TRIX (15,9):	-0.1100
Courbe Coppock:	2.17

MA7:	106.50
MA20:	106.45
MA50:	108.55
MA100:	111.69
MAexp7:	106.61
MAexp20:	107.23
MAexp50:	108.92
MAexp100:	111.36
Price / MA7:	+2.28%
Price / MA20:	+2.33%
Price / MA50:	+0.35%
Price / MA100:	-2.47%
Price / MAexp7:	+2.18%
Price / MAexp20:	+1.59%
Price / MAexp50:	+0.01%
Price / MAexp100:	-2.18%

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.

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