The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

Archive
- 3/20/2026 -
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ConocoPhillips (COP) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtTrend resistance at 130.71
Daily :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are strongly overboughtLane's Stochastic bearish divergence
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It was a fourth consecutive positive week for the ConocoPhillips (COP). During the week, the COP gained 5.03 points, or 4.13%, and closed at 126.92 on Friday, March 20, 2026. It was the best weekly gain since January 30, 2026. Weekly volume was 74% above 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 price is near the trend resistance line (130.71). 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 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 128.13 on March 20, 2026. COP gained -42.56 points, or -49.74%, in 19 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (102.43) is broken, while daily and weekly technical indicators are overbought. Uptrend 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See COP weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 5, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 7, 2026 at 93.91 and reached 128.13 on March 20, 2026. COP gained -34.22 points, or -36.44%, in 72 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (115.57) is broken, while daily and weekly technical indicators are overbought. Uptrend 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 resistance line in a short-term trend.

Daily Technical Indicators: [See COP daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. 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 divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since March 11, 2026. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.28
Williams' Percentage Range (W%R) 9.10
Strong Overbought
Lane's Stochastic (%D-Slow) 91.65
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 84.26
Overbought
Moving Average Converg./Diverg. (MACD) 4.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 88.10
Overbought
Williams' Percentage Range (W%R) 4.30
Strong Overbought
Lane's Stochastic (%D-Slow) 88.44
Overbought
Greed/Fear Indicator (GFI) 83.59
Overbought
Moving Average Converg./Diverg. (MACD) 3.49
Trading Signals
Description Value Chart
Yearly Trendline Resistance 130.71
Upper Bollinger Band 128.16
Daily Stochastic Crossing 127.05
Price 126.92
Weekly Stochastic Crossing 124.59
Weekly Trendline Resistance 122.04
Monthly Trendline Resistance 121.25
Parabolic System 120.98
20 Day Moving Average 117.60
Weekly Trendline Support 115.57
50 Day Moving Average 109.01
Lower Bollinger Band 107.94
Monthly Trendline Support 102.43
Sector and Industry
Description Name Rank
Sector Energy 12
Industry Oil & Gas Exploration & Production 121
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 126.35
Low Date 03/19/2026
High 128.13
High Date 03/20/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 122.04
Support 115.57
Low 93.91
Low Date 01/07/2026
High 128.13
High Date 03/20/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 121.25
Support 102.43
Low 85.57
Low Date 11/06/2025
High 128.13
High Date 03/20/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 79.88
Low Date 04/09/2025
High 128.13
High Date 03/20/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 130.71
Support 74.55
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.