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.

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- 8/1/2025 -
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ConocoPhillips (COP) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineTrend support at 91.93
Daily :Broken trend support lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the ConocoPhillips (COP). During the week, the COP dropped -2.19 points, or -2.31%, and closed at 92.76 on Friday, August 1, 2025. Weekly volume was -24% below average.

Long-term trend: [See COP long-term trend chart]
A long-term downtrend had started on April 12, 2024 at 135.18 and reached 79.88 on April 9, 2025. COP lost 55.30 points, or 40.91%, in 51 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (67.69) 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 uptrend had started on April 9, 2025 at 79.88 and reached 98.25 on June 13, 2025. COP gained -18.37 points, or -23.00%, in 9 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (91.93) line. The support is usually stronger when technical indicators are oversold. 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 support line in a medium-term trend.

Weekly Technical Indicators: [See COP weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since June 6, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively 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 May 28, 2025 at 84.28 and reached 98.25 on June 13, 2025. COP gained -13.97 points, or -16.58%, in 16 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (93.22) is broken. A broken support is considered to be a long-term bearish 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 support in a short-term trend.

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.

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.

During the last week, the price has declined below 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.35
Williams' Percentage Range (W%R) 42.90
Lane's Stochastic (%D-Slow) 72.00
Greed/Fear Indicator (GFI) 58.49
Moving Average Converg./Diverg. (MACD) 0.93
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.09
Williams' Percentage Range (W%R) 42.80
Lane's Stochastic (%D-Slow) 68.40
Greed/Fear Indicator (GFI) 59.57
Moving Average Converg./Diverg. (MACD) -3.02
Trading Signals
Description Value Chart
Monthly Trendline Resistance 103.25
Parabolic System 98.17
Upper Bollinger Band 98.00
Daily Stochastic Crossing 96.14
Weekly Trendline Resistance 95.32
Weekly Stochastic Crossing 94.56
20 Day Moving Average 94.29
Weekly Trendline Support 93.22
Price 92.76
Monthly Trendline Support 91.93
50 Day Moving Average 91.66
Lower Bollinger Band 90.32
Quarterly Trendline Resistance 85.18
Sector and Industry
Description Name Rank
Sector Energy 6
Industry Oil & Gas Exploration & Production 60
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 90.77
Low Date 07/17/2025
High 98.07
High Date 07/29/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 95.32
Support 93.22
Low 84.28
Low Date 05/28/2025
High 98.25
High Date 06/13/2025
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 103.25
Support 91.93
Low 79.88
Low Date 04/09/2025
High 98.25
High Date 06/13/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 85.18
Support 67.69
High 135.18
High Date 04/12/2024
Low 79.88
Low Date 04/09/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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.