The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken 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. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 3/27/2026 -
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ConocoPhillips (COP) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtRelative Strength Index and Williams' Percentage Range are strongly overboughtTrend resistance at 130.66
Daily :Broken uptrend resistance line - uptrend exhaustionRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overbought
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It was a fifth consecutive positive week for the ConocoPhillips (COP). During the week, the COP gained 6.88 points, or 5.42%, and closed at 133.80 on Friday, March 27, 2026. Weekly volume was 17% 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 (130.66). 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 134.87 on March 27, 2026. COP gained -49.30 points, or -57.61%, in 20 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (112.05) 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 Lane's Stochastic is overbought while Relative Strength Index and Williams' Percentage Range are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Relative Strength Index and 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 134.87 on March 27, 2026. COP gained -40.96 points, or -43.62%, in 79 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (117.80) 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 Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is above its signal line since March 11, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 84.21
Overbought
Williams' Percentage Range (W%R) 8.20
Strong Overbought
Lane's Stochastic (%D-Slow) 90.35
Strong Overbought
Greed/Fear Indicator (GFI) 88.80
Overbought
Moving Average Converg./Diverg. (MACD) 4.90
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 97.08
Strong Overbought
Williams' Percentage Range (W%R) 3.60
Strong Overbought
Lane's Stochastic (%D-Slow) 90.00
Overbought
Greed/Fear Indicator (GFI) 85.12
Overbought
Moving Average Converg./Diverg. (MACD) 4.27
Trading Signals
Description Value Chart
Upper Bollinger Band 134.44
Price 133.80
Daily Stochastic Crossing 133.68
Weekly Stochastic Crossing 131.64
Yearly Trendline Resistance 130.66
Parabolic System 128.38
Weekly Trendline Resistance 124.26
20 Day Moving Average 122.50
Monthly Trendline Resistance 121.52
Weekly Trendline Support 117.80
50 Day Moving Average 112.29
Monthly Trendline Support 112.05
Lower Bollinger Band 111.35
Sector and Industry
Description Name Rank
Sector Energy 12
Industry Oil & Gas Exploration & Production 122
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 133.55
Low Date 03/26/2026
High 134.87
High Date 03/27/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 124.26
Support 117.80
Low 93.91
Low Date 01/07/2026
High 134.87
High Date 03/27/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 121.52
Support 112.05
Low 85.57
Low Date 11/06/2025
High 134.87
High Date 03/27/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 79.88
Low Date 04/09/2025
High 134.87
High Date 03/27/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 130.66
Support 74.44
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.