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Conocophillips

Trade Idea | COP | ConocoPhillips | LongLong Entry: 107.50 Stop Loss: 104.50 We are long on this one for now as oil and its peers are starting to advance due to the increasing tension in Middle East. USO is now at $72.11 and might be at $75.00 before this week ends, if no visible peace talks between each countries. If the momentum to the upside sets in, COP might be able to test the $115 level in no time. If that happens, moving the stop to $110.00, which is now above the entry price is highly recommended to somehow protect the floating gain. I will stay long on this one as long as the narrative on this situation stays the same. -BB
NYSE:COPLong
by blue039
2
Bearish on ConocoPhillips. COPWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NYSE:COPShort
by Rykin_Capital
Someone call the COPs ConocoPhillips Short Term We look to Buy at 87.72 (stop at 84.15) Preferred trade is to buy on dips. We are trading at oversold extremes. Previous support located at 87.50. We have a 61.8% Fibonacci pullback level of 87.61 from 65.06 to 124.08. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be 101.19 and 108.19 Resistance: 105.00 / 124.00 / 150.00 Support: 87.50 / 68.00 / 51.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:COPLong
by Saxo
Selection is not dead - and who said Growth ever was?INVESTMENT CONTEXT Lithuania limited railway cargo transit across its territory from Russia to Kaliningrad; Russia dubbed the move as "openly hostile" Russia overtook Saudi Arabia as China’s biggest supplier of crude oil. Russian crude exports to China surged 55% in May Turkey, Sweden and Finland met to discuss Turkey's opposition to the Nordic countries bid to join NATO French President Emmanuel Macron lost parliamentary majority as the country's far-right regained momentum after the Presidential elections held last April European Commission President Ursula von der Leyen warned against the bloc's "backsliding" into coal as the continent tries to weave itself off Russian gas Terra/LUNA project staff were banned from flying as South Korean authorities deepen investigations on LUNA's demise PROFZERO'S TAKE It's hard to look at the EU without feeling something disruptive is about to happen. The bloc's inflation rate is not too far from that of the U.S. (8.1% vs. 8.6%, respectively) - yet the ECB's base rate, even after the 25bps hike earlier in June, is still negative by 25bps, while the Fed is already pricing cash at 150bps. The Fed has stopped sustaining fixed income markets by not rolling over USD 30bn Treasury bonds and USD 17.5bn MBS per month - the ECB tried to walk down the same path, only to face backlash from traders which sent interest rates on the weakest countries (Greece, Italy and Spain) to fresh highs. And as Russia curtails natural gas supplies, the countries that are most exposed to energy security - notably including Germany and Italy - scramble to diversify the energy mix, stumbling upon the harsh reality that coal will attract criticism from environmental groups (and voters) while LNG supplies need re-gasification plants - whose dearth won't be made up for until 2024. Nigel Bolton, BlackRock's co-Chief Investment Officer, said on June 20 he saw "extreme valuation opportunity in European banks". ProfZero would really, sincerely like to share the same optimism - or opportunism Speaking of Europe - after dismissing blockchain assets as "worth nothing" (and therefore badly needing regulation, in a rare moment of pure pneumatic vacuum of logics), ECB President Christine Lagarde said "While the correction in asset prices has so far been orderly, the risk of a further and possibly abrupt fall in asset prices remains severe". ProfZero concurs with Madame Lagarde - absent energy security and supply strategy, foggy monetary policy (to tighten or not to tighten?) and a much feared fragmentation of borrowing costs already happening, traders are having it good shorting European assets. If only there was a strong Regulator... In the opinion of ProfZero, the market-wise breadth of June 13's collapse has a deeper structural meaning, and could in fact contain cues on portfolio construction to cross summer season: (i) Markets are not done pricing a recession, nor the Fed's and the ECB monetary policy. After the 50bps rate hike on May 5, the S&P 500 and Nasdaq plunged 3.56% and 4.99%, respectively; after the 75bps rate increase on June 15, the indexes nosedived 3.27% and 4.08%, respectively. The Fed is meeting four more times this year; current expectations are for 75bps flat increases at each meeting. Should inflation fail to be absorbed in the economy, calling for more rate increases, equities would bear the brunt of the selloffs, (ii) Investors are starting to see Value as fairly priced - possibly signaling the beginning of reversal on commodity stocks, especially in the energy space. At the same time, Growth is not dead. Apple (AAPL), Alphabet (GOOG) and Microsoft (MSFT) dropped less than 5% on average in the last month, compared to almost 15% by Occidental Petroleum (OXY), Petrobras (PBR), and Shell (RDS.A), (iii) It is still too early to construct risk positions. A clear trough has not been touched and even a touted recession has not materialized. No clear industrial path has emerged from the bear market; and without such, longs are but reckless positions. No time to cry; no time to risk either
CME:BTC1!
by ProfZero
ConocoPhillips found its peak. COPShorting divergent upgoing zigzag. Fib on Wave C first as targets. Immediate targets 86, 83,79. Invalidation at 94. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
NYSE:COPShort
by Rykin_Capital
1
ConocoPhillips had 6 crashes since 1974One of the simplest way to invest/trade Oil Companies is to study the Brent/WTI price movements because they are very correlated. Every oil price crashes, oil companies will follow as well. Commodities is very volatile and for that comes an opportunity to profit. In the last 50 years, every time the stock drops more than 50%, it follows by a rally. For this stock, it crashed 6 times in the last 50 years the stock crashed every 8 years however that average is skewed by a massive bull run on the stock from its recovery of 1985-86 crash until it reached its peak in 2008 (a whopping 2783% rally!!) Before that massive ridiculous rally, the stock crashed on average every 4 years. In the most recent 3 crashes is within the last 13 years.. on average roughly, the stock crashed more or less every 4 years The last two crashes were followed by a rally with an average of 180% bull run. Currently the stock is on a 274% bull run! Actionable : It's hard to trade/invest in oil companies using the normal valuation method i.e DCF due to its tight correlation with oil prices. I let the price movemet of oil to decide for me if its time for me to buy this stock. Currently I am on the sideline and wait for a correction.
NYSE:COPLong
by sufiansaid
Energy stocks for high inflation era..!it seems Energy stocks are ready to finish their correction and started a new rally! Keep them in your portfolio during high inflation times! You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NYSE:XOMLong
by Moshkelgosha
1
ConocoPhillips (COP) bearish scenario:The technical figure Triangle can be found in the US company ConocoPhillips (COP) at daily chart. ConocoPhillips is an American multinational corporation engaged in hydrocarbon exploration. The Triangle has broken through the support line on 11/11/2021, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 12 days towards 67.35 USD. Your stop loss order according to experts should be placed at 77.15 USD if you decide to enter this position. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:COPShort
by legacyFXofficial
Time for ConocoPhillips to end the skid?Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on August 16, 2021 with a closing price of 54.82. If this instance is successful, that means the stock should rise to at least 55.17 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 2.337% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 4.213% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 8.049% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 40 trading bars after the signal. A 0.5% rise must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 7 trading bars; half occur within 21 trading bars, and one-quarter require at least 34 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
NYSE:COPLong
by StockSignaler
SANTOS 20% INCOMINGSANTOS (ASX:STO) After a great market Announcement on 28.05 (completing ConocoPhillips Acquisition) we have bounced off support of this ascending wedge and its crunch time. 20% to close the major GAP left by th COVID Crash. -Respecting Trend of Ascending Wedge (Haven't broken Bearish) -About to Break Ichimoku Cloud -RSI not Severely Overbought -Conversion Line has crossed Base Line back on 21st APR and is still holding spread -Lagging Line showing us respecting trend but we are approaching a double top -Testing 100 EMA strongly Due to the price Mid Major GAP, Still respecting Trend and testing the 100 EMA strongly. I am confident we will see a break through Ichimoku Cloud and close of gap @ 6.51 which is also a Major Resistance area & lines up with -0.27 FIB Extension Stop loss is below PREVIOUS Structure and Below 0.236 Fib Retracement Level. Risk/Reward sitting at the minimum 2:1 Testing Week for SANTOS. These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
ASX:STOLong
by Trader_Johnni
Did ConocoPhillips (COP) Just Exhaust Itself?ConocoPhillips has climbed quickly in the previous month. The stock should not remain at such a high level according to technical indicators and historics, Will it head south with strong action around the 46 level? When we look at technical indicators, the relative strength index (RSI) is at 65.6636. RSI tends to determine trends, momentum, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. Currently the RSI has come down from overbought levels. The historical significance of this move and it current level are detailed below. The positive vortex indicator (VI) is at 1.2097 and the negative is 0.6935. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the stock is moving down. The positive and negative have begun to head back toward the 1 level after flirting with extremes consistent with positive stock movement. A retreat back to one typically flags the end of the upward movement while signaling a drop for the stock. The stochastic oscillator K value is 90.4177 and D value is 93.3957. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The stochastic is certainly in overbought territory The D value has just overtaken the K value at the time of writing; meaning the stock will continue to decline and could drop quicker than it rose. SPECIFIC ANALYSIS I have created an algorithm which signals when stocks are truly overbought and oversold. The algorithm indicates when a particular stock meets multiple criteria culminating in an oversold or overbought signal. The overbought signal could occur over the next few days. Seeing the other signs of a downturn, proactively positioning short for the stock's decline prior to seeing this verifying signal could increase profits. Upon back-testing this indicator, it has signaled overbought status 73 times dating back to 1981. The stock drops at least 2% over the following 35 trading days in eighty percent of these occurrences. The stock drops at least 3% seventy percent of the time and forty percent of the time loses 6.25%. Even though a drop does not always occur, these number combined with the following statistics have instilled confidence that a greater than 5% drop is looming. On 13 occasions since 1985, the RSI has exited overbought territory and been at its current level while the stochastic was simultaneously overbought and the positive VI was retreating from a level above it current one. This might not be a significant amount of data points, it is plenty for when studying historical movement. Based on this data, the stock sees a median drop of 12.09% over the next 20-35 trading days. Between all of the aforementioned historics, we are confident the stock could drop at least 5-7% over the following 38 trading days. A SAG gauge signal would further bolster this idea.
NYSE:COPShort
by StockSignaler