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- 6/5/2026 -
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ConocoPhillips (COP) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support line
Daily :Stochastic has raised above the signal lineDaily  MACD line has moved above its signal line
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It was a first positive week for the ConocoPhillips (COP). During the week, the COP gained 3.16 points, or 2.77%, and closed at 117.14 on Friday, June 5, 2026. Weekly volume was -20% below average.

COP is a member of Energy Sector. Energy is the most overbought 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 downtrend had started on November 4, 2022 at 138.49 and reached 79.88 on April 9, 2025. COP lost 58.61 points, or 42.32%, in 126 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 73.36 and resistance is at 130.22. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See COP medium-term trend chart]
A medium-term uptrend had started on November 6, 2025 at 85.57 and reached 135.87 on March 30, 2026. COP gained -50.30 points, or -58.78%, in 20 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (120.44) is broken. A broken support is considered to be a long-term bearish signal. 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 technical indicators are neutral.

The weekly MACD line is below its signal line since May 8, 2026. 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 29, 2026 at 128.28 and reached 112.64 on May 29, 2026. COP lost 15.64 points, or 12.19%, in 30 days. The chart has formed a Falling Channel chart pattern.

Daily Technical Indicators: [See COP daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily 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.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.55
Williams' Percentage Range (W%R) 48.60
Lane's Stochastic (%D-Slow) 48.77
Greed/Fear Indicator (GFI) 45.89
Moving Average Converg./Diverg. (MACD) -1.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.46
Williams' Percentage Range (W%R) 40.00
Lane's Stochastic (%D-Slow) 28.60
Greed/Fear Indicator (GFI) 46.20
Moving Average Converg./Diverg. (MACD) 6.77
Trading Signals
Description Value Chart
Yearly Trendline Resistance 130.22
Upper Bollinger Band 125.17
50 Day Moving Average 122.05
Parabolic System 121.97
Monthly Trendline Support 120.44
Monthly Trendline Resistance 118.88
20 Day Moving Average 118.38
Price 117.14
Daily Stochastic Crossing 116.59
Weekly Stochastic Crossing 116.44
Lower Bollinger Band 112.15
Sector and Industry
Description Name Rank
Sector Energy 11
Industry Oil & Gas Exploration & Production 70
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 128.28
High Date 04/29/2026
Low 112.64
Low Date 05/29/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 135.87
High Date 03/30/2026
Low 112.21
Low Date 04/17/2026
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 118.88
Support 120.44
Low 85.57
Low Date 11/06/2025
High 135.87
High Date 03/30/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 79.88
Low Date 04/09/2025
High 135.87
High Date 03/30/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 130.22
Support 73.36
High 138.49
High Date 11/04/2022
Low 79.88
Low Date 04/09/2025
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.