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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- 5/31/2024 -
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ConocoPhillips (COP) Technical Analysis

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Summary:
Weekly :Trend support at 117.30Broken trend support line
Daily :Williams' Percentage Range is oversoldStochastic has raised above the signal lineA Parabolic SAR indicator is below and near the price
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It was the negative week for the ConocoPhillips (COP). During the week, the COP gave back -0.77 points, or -0.66%, and closed at 116.48 on Friday, May 31, 2024. Weekly volume was 100% above average.

Long-term trend: [See COP long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 20.84 and reached 138.49 on November 4, 2022. COP gained -117.65 points, or -564.54%, in 137 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (117.30) 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 uptrend had started on January 18, 2024 at 105.77 and reached 135.18 on April 12, 2024. COP gained -29.41 points, or -27.81%, in 12 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (121.63) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. COP may retest the broken support line. It is considered to be a resistance 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 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 17, 2024. The distance between MACD and the signal line is low, but getting bigger. 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 12, 2024 at 135.18 and reached 112.93 on May 30, 2024. COP lost 22.25 points, or 16.46%, in 48 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 112.37 and resistance is at 117.74. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.

Daily Technical Indicators: [See COP daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since April 11, 2024. This is an indication that the short-term trend is down.

A Parabolic SAR (stop and reversal) indicator (116.66) comes close to the price (116.48). It indicates that the trend is getting weaker. 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) 35.25
Williams' Percentage Range (W%R) 92.40
Strong Oversold
Lane's Stochastic (%D-Slow) 22.09
Greed/Fear Indicator (GFI) 21.64
Moving Average Converg./Diverg. (MACD) -2.11
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.55
Williams' Percentage Range (W%R) 72.50
Lane's Stochastic (%D-Slow) 32.30
Greed/Fear Indicator (GFI) 37.76
Moving Average Converg./Diverg. (MACD) 2.64
Trading Signals
Description Value Chart
Upper Bollinger Band 125.59
50 Day Moving Average 125.37
Monthly Trendline Support 121.63
20 Day Moving Average 120.06
Weekly Stochastic Crossing 118.32
Weekly Trendline Resistance 117.74
Yearly Trendline Support 117.30
Parabolic System 116.66
Price 116.48
Daily Stochastic Crossing 115.20
Lower Bollinger Band 114.42
Weekly Trendline Support 112.37
Sector and Industry
Description Name Rank
Sector Energy 5
Industry Oil & Gas Exploration & Production 45
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
High 130.77
High Date 04/26/2024
Low 112.93
Low Date 05/30/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 117.74
Support 112.37
High 135.18
High Date 04/12/2024
Low 112.93
Low Date 05/30/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 150.55
Support 121.63
Low 105.77
Low Date 01/18/2024
High 135.18
High Date 04/12/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 91.53
Low Date 03/16/2023
High 135.18
High Date 04/12/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 195.50
Support 117.30
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.