The Greedy Trader Weekly Analysis
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Number of records: 10
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ConocoPhillips
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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtLane's Stochastic bearish divergenceBroken trend resistance lineTrend resistance at 75.50
Daily :Stochastic signal line moved below overbought areaLane's Stochastic bearish divergenceThe price has fallen below the Parabolic SAR
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It was a fourth consecutive positive week for the ConocoPhillips (COP). During the week, the COP gained 0.99 points, or 1.28%, and closed at 78.39 on Friday, October 05, 2018. Weekly volume was -9% below average.

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 Rising Channel chart pattern. The uptrend resistance line (49.81) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 long-term trend.

Medium-term trend: [See COP medium-term trend chart]
A medium-term uptrend had started on February 9, 2018 at 50.18 and reached 80.24 on October 1, 2018. COP gained -30.06 points, or -59.90%, in 33 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend resistance line (75.50). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See COP weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since September 21, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 September 7, 2018 at 69.42 and reached 80.24 on October 1, 2018. COP gained -10.82 points, or -15.59%, in 24 days. The price is now at the 17.10% retracement level.

Daily Technical Indicators: [See COP daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence.

The daily MACD line is above its signal line since September 13, 2018. 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.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.36
Williams' Percentage Range (W%R) 23.00
Lane's Stochastic (%D-Slow) 61.15
Bearish
Greed/Fear Indicator (GFI) 69.49
Moving Average Converg./Diverg. (MACD) 1.57
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.40
Williams' Percentage Range (W%R) 14.10
Overbought
Lane's Stochastic (%D-Slow) 80.32
Overbought Bearish
Greed/Fear Indicator (GFI) 74.82
Moving Average Converg./Diverg. (MACD) 3.69
Trading Signals
Description Value Chart
Upper Bollinger Band 81.43
Parabolic System 80.11
Daily Stochastic Crossing 78.81
Monthly Trendline Support 78.46
Price 78.39
Weekly Stochastic Crossing 78.26
20 Day Moving Average 75.89
Monthly Trendline Resistance 75.50
50 Day Moving Average 73.37
Lower Bollinger Band 71.14
Yearly Trendline Resistance 64.96
Sector and Industry
Description Name Rank
Sector Basic Materials 4
Industry Major Integrated Oil/Gas 117
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 69.42
Low Date 09/07/2018
High 80.24
High Date 10/01/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 67.71
Low Date 08/15/2018
High 80.24
High Date 10/01/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Resistance
Resistance 75.50
Support 78.46
Low 50.18
Low Date 02/09/2018
High 80.24
High Date 10/01/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.27
Low Date 08/21/2017
High 80.24
High Date 10/01/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 64.96
Support 49.81
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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