The Greedy Trader Weekly Analysis
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Number of records: 8
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ConocoPhillips
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Summary:
Weekly :Oversold sectorBroken trend support line - Downtrend exhaustionLane's Stochastic is oversoldStochastic has raised above the signal line
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold area
Move cursor over the icon to see details.

It was the negative week for the ConocoPhillips (COP). During the week, the COP gave back -0.09 points, or -0.15%, and closed at 61.92 on Friday, May 10, 2019. COP was trading at average weekly trading volume.

COP is a member of Basic Materials Sector. Basic Materials is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See COP long-term trend chart]
A long-term uptrend had started on February 11, 2016 at 31.05 and reached 80.24 on October 1, 2018. COP gained -49.19 points, or -158.42%, in 137 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 54.89 and resistance is at 89.34. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See COP medium-term trend chart]
A medium-term downtrend had started on February 22, 2019 at 71.01 and reached 60.30 on May 7, 2019. COP lost 10.71 points, or 15.08%, in 10 weeks. The chart has formed a Ascending Triangle chart pattern. The downtrend support line (65.05) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See COP weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since April 5, 2019. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See COP short-term trend chart]
A short-term downtrend had started on April 12, 2019 at 68.22 and reached 60.30 on May 7, 2019. COP lost 7.92 points, or 11.61%, in 25 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 58.99 and resistance is at 65.69. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See COP daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since April 23, 2019. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 22.79
Williams' Percentage Range (W%R) 87.70
Oversold
Lane's Stochastic (%D-Slow) 25.07
Greed/Fear Indicator (GFI) 20.04
Moving Average Converg./Diverg. (MACD) -1.23
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.15
Williams' Percentage Range (W%R) 68.30
Lane's Stochastic (%D-Slow) 15.57
Oversold
Greed/Fear Indicator (GFI) 30.28
Moving Average Converg./Diverg. (MACD) -0.40
Trading Signals
Description Value Chart
Upper Bollinger Band 67.62
Monthly Trendline Resistance 66.88
50 Day Moving Average 65.79
Weekly Trendline Resistance 65.69
Monthly Trendline Support 65.05
20 Day Moving Average 63.78
Parabolic System 62.63
Price 61.92
Weekly Stochastic Crossing 61.56
Daily Stochastic Crossing 61.47
Lower Bollinger Band 59.18
Weekly Trendline Support 58.99
Yearly Trendline Support 54.89
Sector and Industry
Description Name Rank
Sector Basic Materials 2
Industry Major Integrated Oil/Gas 30
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 60.30
Low Date 05/07/2019
High 62.28
High Date 05/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 65.69
Support 58.99
High 68.22
High Date 04/12/2019
Low 60.30
Low Date 05/07/2019
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 66.88
Support 65.05
High 71.01
High Date 02/22/2019
Low 60.30
Low Date 05/07/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 80.24
High Date 10/01/2018
Low 56.75
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 89.34
Support 54.89
Low 31.05
Low Date 02/11/2016
High 80.24
High Date 10/01/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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