The Greedy Trader Weekly Analysis
Sign In Jul 13, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
TA Search
Yearly Pattern:Falling Pennant
Number of records: 3
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Chart Analysis and Chart Pattern Recognition – Bear Flag, Bull Flag, Bearish Pennant and Bullish Pennant.

Bear flag, bull flag, bearish pennant and bullish pennant chart patterns represent brief pauses after sharp moves in a dynamic market. They are considered as most reliable continuation patterns. Flags are characterized as short-term channels slanting against the main trend. Pennants represent short-term triangle formations. Volume is heavy during the sharp move preceding the formation.
Trading technique:
# 1 Flags and pennants present an additional opportunity to enter the dynamic market.
Tips:
# 1
Usually flags and pennants represent short-term pauses technically required to reset overbought/oversold technical indicators and allow further movement. They likely to appear at earlier stages of the larger patterns, when short-term technical indicators are grossly overbought/oversold, but long-term indicators are in the middle range. In a situation when both long and short-term indicators are overbought (oversold), flags and pennants have more chances to become the beginning of a larger formation. Flags and pennants are considered invalid as soon as they break the parent's formation trend line.
# 2 As a continuation pattern, rectangle usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold short-term indicators. Rectangle resets daily CTI to neutral and then continues the movement in parent's direction.
# 3 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: projected support/resistance level of larger trend.

ConocoPhillips
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Williams' Percentage Range is overbought
Daily :
Move cursor over the icon to see details.

It was a third consecutive positive week for the ConocoPhillips (COP). During the week, the COP climbed 0.03 points, or 0.04%, and closed at 69.65 on Friday, July 06, 2018. Weekly volume was -23% below average.

Long-term trend: [See COP long-term trend chart]
A long-term uptrend had started on August 21, 2017 at 42.27 and reached 71.71 on May 22, 2018. COP gained -29.44 points, or -69.65%, in 39 weeks. The price is now at the 7.00% retracement level.

Medium-term trend: [See COP medium-term trend chart]
A medium-term uptrend had started on February 9, 2018 at 50.18 and reached 71.71 on May 22, 2018. COP gained -21.53 points, or -42.91%, in 14 weeks. The price is now at the 9.57% retracement level.

Weekly Technical Indicators: [See COP weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 6, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 21, 2018 at 64.79 and reached 71.44 on July 3, 2018. COP gained -6.65 points, or -10.26%, in 12 days. The price is now at the 26.92% retracement level.

Daily Technical Indicators: [See COP daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since June 27, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.65
Williams' Percentage Range (W%R) 41.30
Lane's Stochastic (%D-Slow) 69.73
Greed/Fear Indicator (GFI) 63.68
Moving Average Converg./Diverg. (MACD) 0.21
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.24
Williams' Percentage Range (W%R) 15.70
Overbought
Lane's Stochastic (%D-Slow) 59.43
Greed/Fear Indicator (GFI) 66.57
Moving Average Converg./Diverg. (MACD) 3.94
Trading Signals
Description Value Chart
Upper Bollinger Band 71.33
Daily Stochastic Crossing 69.67
Price 69.65
Weekly Stochastic Crossing 68.43
20 Day Moving Average 68.13
50 Day Moving Average 68.04
Parabolic System 67.68
Lower Bollinger Band 65.21
Sector and Industry
Description Name Rank
Sector Basic Materials 6
Industry Major Integrated Oil/Gas 116
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 65.37
Low Date 06/25/2018
High 71.44
High Date 07/03/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 64.79
Low Date 06/21/2018
High 71.44
High Date 07/03/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 50.18
Low Date 02/09/2018
High 71.71
High Date 05/22/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.27
Low Date 08/21/2017
High 71.71
High Date 05/22/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 31.05
Low Date 02/11/2016
High 71.71
High Date 05/22/2018
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.

Copyright© 2004-2016 All rights reserved.