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- 4/2/2026 -
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ConocoPhillips (COP) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal lineTrend resistance at 130.63
Daily :Williams' Percentage Range is overboughtStochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
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It was the negative week for the ConocoPhillips (COP). During the week, the COP dropped -3.28 points, or -2.45%, and closed at 130.52 on Thursday, April 2, 2026. It was the worst weekly loss since December 19, 2025. Weekly volume was 35% 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 (130.63). 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 135.87 on March 30, 2026. COP gained -50.30 points, or -58.78%, in 20 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (113.37) 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, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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, 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 135.87 on March 30, 2026. COP gained -41.96 points, or -44.68%, in 82 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 118.51 and resistance is at 137.47. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

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. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

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

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) 70.12
Williams' Percentage Range (W%R) 19.90
Overbought
Lane's Stochastic (%D-Slow) 67.95
Greed/Fear Indicator (GFI) 72.71
Moving Average Converg./Diverg. (MACD) 5.17
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 91.17
Strong Overbought
Williams' Percentage Range (W%R) 9.10
Strong Overbought
Lane's Stochastic (%D-Slow) 90.27
Strong Overbought
Greed/Fear Indicator (GFI) 82.42
Overbought
Moving Average Converg./Diverg. (MACD) 4.95
Trading Signals
Description Value Chart
Weekly Trendline Resistance 137.47
Upper Bollinger Band 137.25
Parabolic System 135.26
Weekly Stochastic Crossing 132.86
Daily Stochastic Crossing 132.28
Yearly Trendline Resistance 130.63
Price 130.52
20 Day Moving Average 125.23
Monthly Trendline Resistance 122.83
Weekly Trendline Support 118.51
50 Day Moving Average 114.97
Lower Bollinger Band 113.57
Monthly Trendline Support 113.37
Sector and Industry
Description Name Rank
Sector Energy 12
Industry Oil & Gas Exploration & Production 121
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 135.87
High Date 03/30/2026
Low 126.44
Low Date 04/01/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 137.47
Support 118.51
Low 93.91
Low Date 01/07/2026
High 135.87
High Date 03/30/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 122.83
Support 113.37
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 Test Resistance
Resistance 130.63
Support 74.35
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.