The Greedy Trader Weekly Analysis
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Yearly Price vs. Fibonacci:Near 38.2% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 7/19/2024 -
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ConocoPhillips (COP) Technical Analysis

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Summary:
Weekly :Stochastic signal line moved above oversold areaTrend support at 113.79Price is near the Fibonacci 23.6% retracement level
Daily :Williams' Percentage Range is overboughtPrice is close to the 50 Day Moving AverageThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a second consecutive positive week for the ConocoPhillips (COP). During the week, the COP gained 1.22 points, or 1.08%, and closed at 114.35 on Friday, July 19, 2024. COP was trading at average weekly trading volume.

Long-term trend: [See COP long-term trend chart]
A long-term uptrend had started on March 16, 2023 at 91.53 and reached 135.18 on April 12, 2024. COP gained -43.65 points, or -47.69%, in 56 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (113.79) line. The support is usually stronger when technical indicators are oversold. 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 support line in a long-term trend.

Medium-term trend: [See COP medium-term trend chart]
A medium-term downtrend had started on April 12, 2024 at 135.18 and reached 108.48 on June 17, 2024. COP lost 26.70 points, or 19.75%, in 9 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See COP weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. 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 May 17, 2024. 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 uptrend had started on June 17, 2024 at 108.48 and reached 118.40 on July 18, 2024. COP gained -9.92 points, or -9.14%, in 31 days. The price is now at the 40.83% 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. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since June 18, 2024. This is an indication that the short-term trend is up.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.89
Williams' Percentage Range (W%R) 15.70
Overbought
Lane's Stochastic (%D-Slow) 75.41
Greed/Fear Indicator (GFI) 69.88
Moving Average Converg./Diverg. (MACD) -0.40
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 23.79
Williams' Percentage Range (W%R) 67.50
Lane's Stochastic (%D-Slow) 25.64
Greed/Fear Indicator (GFI) 32.03
Moving Average Converg./Diverg. (MACD) 0.30
Trading Signals
Description Value Chart
Upper Bollinger Band 116.99
Daily Stochastic Crossing 116.38
50 Day Moving Average 115.27
Price 114.35
20 Day Moving Average 113.96
Quarterly Trendline Support 113.79
Weekly Stochastic Crossing 111.94
Lower Bollinger Band 111.37
Parabolic System 111.00
Sector and Industry
Description Name Rank
Sector Energy 3
Industry Oil & Gas Exploration & Production 50
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 110.48
Low Date 07/10/2024
High 118.40
High Date 07/18/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 108.48
Low Date 06/17/2024
High 118.40
High Date 07/18/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 135.18
High Date 04/12/2024
Low 108.48
Low Date 06/17/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 139.55
Support 113.79
Low 91.53
Low Date 03/16/2023
High 135.18
High Date 04/12/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 20.84
Low Date 03/18/2020
High 138.49
High Date 11/04/2022
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.