I don't think it looks great even tho:
Analyst Ratings and Price Target
ConocoPhillips has received a consensus rating of "Moderate Buy" from analysts, according to MarketBeat, indicating positive sentiment towards the stock. The consensus price target stands at $133.68, suggesting a potential upside of approximately 20.84%. This reflects the confidence...
A quick trade seeking downward movement.
I think there is a lack of momentum upwards, and it has sat around for 3 sessions, so there is a bit more edge towards downward movement.
NYSE:COP loves breaking out of descending secondary trends and filling proportional ranges. If history repeats, this sets us up for a move to 124-129. Note that we've hit the volume weighted average price anchored to the prior high. This might act as resistance and trigger a retest of the breakout. This happens ~70% of the time with breakouts from descending...
Strong resistance at 127.
Large A-B-C Corrective Wave under progress.
A wave was Zig-Zag. B wave was a triangle formation.
C wave has started. The sharp uptrend is retest of the resistance at 127.
COP will go down to at least 80, which is the 100 percent projection of Wave A.
ConocoPhillips is seeing impressive resilience here around 125 and we'll see if it can continue or if we see a pullback. Energy seeing a bounce off geopolitical tensions so we'll see if we get followthrough on a move up to 130 or more. Good luck traders!
This is one of the biggest signs of a market crash for the stock COP. There is significant divergence on every timeframe, including a daily head and shoulders. this trade has multiple patterns the main one being on a Daily timeframe. Expecting this stock to drop to $112 with a decently tight stop loss, We have already taken this trade at $124.
Oil prices are climbing, benefiting the energy and energy exploration sectors. I published the breakout of this opportunity with NYSE:COP in mid July. It's price history has respected these measured movements and the initial target was reached today. It's possible that we extend to $133, and potentially even set new highs in the upper section of the channel in...
Following a five-month decline from its all-time high in November 2022, ConocoPhillips ( NYSE:COP ) has spent the subsequent five months consolidating within an area of value in its long-term upward channel, establishing strong volume support.
Historically, we've observed COP forming triangles and making measured movements on breakouts within this channel. If...
ConocoPhillips has traded in a flat range since the end of winter, but now the oil and gas driller could be attempting a breakout.
The first pattern on today’s chart is the $110 level. It was the high for both May and June. COP’s rally this month pushed it through that price. This week, it held the level. Has old resistance become new support?
Next are the...
-Breakout accumulation range for a times with long candle .
-Breakout important key level as a hard resistence.
Waiting a correction and that is yr chance to catch this share.
Be patient and see!
COP has had a brief trend up in the past three and a half trading days of about 8%. An analysis
of the 30 minute chart suggests this could reverse. Firstly, the HA candles are now narrow-
ranged and more or less Dojis. The MTF RSI indicator of Chris Moody shows dropping RSI
on the 5 minute TF while it is hold up at 100 on the 60 minute TF. The former is...
The PEAD projected a bullish outlook for NYSE:COP after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 20%.
There are many names in the O&G that I could consider opening long positions today. NYSE:COP is one of them, others being NYSE:CNQ NYSE:DINO , NYSE:VLO among others. Note however that many of these tickers are still in a long term down trend so it would be prudent to start off with a small position and see how the merket behaves and react accordingly. I...
The PEAD projected a Neutral outlook for $COP after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
COP has formed this nice structure above a horizontal resistance, it is now finding support above this resistance which is now support
Resistance / Support analysis
Price is within a triangle / wedge like structure above this resistance
Bullish expectations
Hello dear Traders,
Here is my idea for #COP
Price closed below yellow line (previous month low)
Price closed in 15 Minute chart below purple trigger line -> Enter Trade.
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please,...
The PEAD projected a Neutral outlook for $COP after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%.
