The Greedy Trader Weekly Analysis
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Number of records: 10
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ConocoPhillips
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Summary:
Weekly :Oversold sectorBroken trend resistance line
Daily :Williams' Percentage Range is overboughtMACD bearish divergenceThe price is above the upper Bollinger Band
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It was a first positive week for the ConocoPhillips (COP). During the week, the COP gained 1.69 points, or 2.52%, and closed at 68.68 on Friday, February 1, 2019. Weekly volume was 10% above average.

COP is a member of Basic Materials Sector. Basic Materials is the 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 52.91 and resistance is at 85.27. 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 October 1, 2018 at 80.24 and reached 56.75 on December 26, 2018. COP lost 23.49 points, or 29.27%, in 12 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (51.51) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. COP may retest the broken resistance line. It is considered to be a support line now. 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See COP weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since October 12, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See COP short-term trend chart]
A short-term uptrend had started on January 28, 2019 at 64.88 and reached 69.45 on February 1, 2019. COP gained -4.57 points, or -7.04%, in 4 days. The price is now at the 16.85% retracement level.

Daily Technical Indicators: [See COP daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 Williams' Percentage Range help.

The daily MACD line is above its signal line since January 30, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.33
Williams' Percentage Range (W%R) 16.30
Overbought
Lane's Stochastic (%D-Slow) 42.93
Greed/Fear Indicator (GFI) 61.97
Moving Average Converg./Diverg. (MACD) 0.53 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.41
Williams' Percentage Range (W%R) 50.70
Lane's Stochastic (%D-Slow) 62.87
Greed/Fear Indicator (GFI) 54.28
Moving Average Converg./Diverg. (MACD) -0.42
Trading Signals
Description Value Chart
Price 68.68
Upper Bollinger Band 68.58
Daily Stochastic Crossing 67.18
20 Day Moving Average 66.10
Weekly Stochastic Crossing 65.74
Parabolic System 65.56
50 Day Moving Average 64.85
Lower Bollinger Band 63.26
Quarterly Trendline Resistance 59.10
Sector and Industry
Description Name Rank
Sector Basic Materials 1
Industry Major Integrated Oil/Gas 74
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 64.88
Low Date 01/28/2019
High 69.45
High Date 02/01/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 64.88
Low Date 01/28/2019
High 69.45
High Date 02/01/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 56.75
Low Date 12/26/2018
High 69.45
High Date 02/01/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 59.10
Support 51.51
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 85.27
Support 52.91
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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