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|It was a first positive week for the ConocoPhillips (COP). During the week, the COP gained 1.00 points, or 1.85%, and closed at 55.06 on Friday, March 09, 2018. Weekly volume was -19% below average. |
COP is a member of Basic Materials Sector. Basic Materials is the second most oversold 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 July 24, 2014 at 87.09 and reached 31.05 on February 11, 2016. COP lost 56.04 points, or 64.35%, in 81 weeks. The chart has formed a Falling Pennant chart pattern. The downtrend resistance line (46.30) is broken. A broken support is considered to be a long-term bullish signal. 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 long-term trend.
Medium-term trend: [See COP medium-term trend chart]
A medium-term downtrend had started on January 24, 2018 at 61.32 and reached 50.18 on February 9, 2018. COP lost 11.14 points, or 18.17%, in 2 weeks. The price is now at the 43.81% retracement level.
Weekly Technical Indicators: [See COP weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 16, 2018. 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 February 9, 2018 at 50.18 and reached 57.62 on February 27, 2018. COP gained -7.44 points, or -14.83%, in 18 days. The price is now at the 34.41% retracement level.
Daily Technical Indicators: [See COP daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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.