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|It was the negative week for the ConocoPhillips (COP). During the week, the COP gave back -0.16 points, or -0.22%, and closed at 71.29 on Friday, August 03, 2018. Weekly volume was -25% 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 uptrend had started on August 21, 2017 at 42.27 and reached 72.94 on July 30, 2018. COP gained -30.67 points, or -72.56%, in 49 weeks. The price is now at the 5.38% 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 72.94 on July 30, 2018. COP gained -22.76 points, or -45.36%, in 24 weeks. The price is now at the 7.25% retracement level.
Weekly Technical Indicators: [See COP weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 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, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 July 18, 2018 at 68.81 and reached 72.94 on July 30, 2018. COP gained -4.13 points, or -6.00%, in 12 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See COP daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
The distance between the Bollinger Bands is falling, and it was 4.43% on Friday. It is 58.99% lower than one year average. It indicates the period of low volatility of the stock price. 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.