CONOCOPHILLIPS

- USD (-)

- 15 min delayed data - NYSE Stocks

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Volume:	-

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Type:	Stocks
Ticker:	COP
ISIN:

CONOCOPHILLIPS - 1H - Technical analysis published on 12/31/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

83%

17%

My opinion

Bullish above 95.12 USD

My targets

101.66 USD (+3.32%)

105.26 USD (+6.98%)

My analysis

The current short-term bullish acceleration on CONOCOPHILLIPS should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 95.12 USD. Short-term buyers will use the resistance located at 101.66 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 105.26 USD. Crossing this resistance would then open the door for buyers to target 108.86 USD. Caution, if there is a return to under 95.12 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

4.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CONOCOPHILLIPS rating is 98.39 USD. On the day, this instrument gained +1.34% with the lowest point at 97.10 USD and the highest point at 98.65 USD. The deviation from the price is +1.33% for the low point and -0.26% for the high point.

97.10

98.65

98.39

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of CONOCOPHILLIPS in 1H shows a neutral overall trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	91.03	95.12	97.98	98.39	101.66	105.26	108.86
Change (%)	-7.48%	-3.32%	-0.42%	-	+3.32%	+6.98%	+10.64%
Change	-7.36	-3.27	-0.41	-	+3.27	+6.87	+10.47
Level	Major	Major	Minor	-	Intermediate	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	94.83	95.48	96.29	96.94	97.75	98.40	99.21
Camarilla	96.69	96.82	96.96	97.09	97.22	97.36	97.49
Woodie	94.90	95.52	96.36	96.98	97.82	98.44	99.28
Fibonacci	95.48	96.04	96.39	96.94	97.50	97.85	98.40

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	91.61	93.09	95.01	96.49	98.41	99.89	101.81
Camarilla	95.99	96.30	96.61	96.92	97.23	97.54	97.86
Woodie	91.82	93.20	95.22	96.60	98.62	100.00	102.02
Fibonacci	93.09	94.39	95.20	96.49	97.79	98.60	99.89

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	93.25	99.08	103.73	109.56	114.21	120.04	124.69
Camarilla	105.51	106.47	107.43	108.39	109.35	110.31	111.27
Woodie	92.67	98.79	103.15	109.27	113.63	119.75	124.11
Fibonacci	99.08	103.08	105.55	109.56	113.56	116.03	120.04

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	63.08
MACD (12,26,9):	0.3700
Directional Movement:	17.06
AROON (14):	50.00
DEMA (21):	97.74
Parabolic SAR (0,02-0,02-0,2):	96.28
Elder Ray (13):	0.88
Super Trend (3,10):	96.68
Zig ZAG (10):	98.32
VORTEX (21):	1.1300
Stochastique (14,3,5):	92.85
TEMA (21):	98.14
Williams %R (14):	-11.70
Chande Momentum Oscillator (20):	1.59
Repulse (5,40,3):	0.5000
ROCnROLL:	1
TRIX (15,9):	0.0400
Courbe Coppock:	1.54

MA7:	96.84
MA20:	99.68
MA50:	104.93
MA100:	106.53
MAexp7:	97.87
MAexp20:	97.31
MAexp50:	97.34
MAexp100:	98.93
Price / MA7:	+1.60%
Price / MA20:	-1.29%
Price / MA50:	-6.23%
Price / MA100:	-7.64%
Price / MAexp7:	+0.53%
Price / MAexp20:	+1.11%
Price / MAexp50:	+1.08%
Price / MAexp100:	-0.55%

Quotes : - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on CONOCOPHILLIPS at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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