COPIt has risen above the long-term narrowing triangle structure. It just needs to break onto the channel again. If it enters the channel again, I think it will move towards the target within the wave structure I specified.Longby alipervanoglu0
COP Getting in Trubles? I don't think it looks great even tho: Analyst Ratings and Price Target ConocoPhillips has received a consensus rating of "Moderate Buy" from analysts, according to MarketBeat, indicating positive sentiment towards the stock. The consensus price target stands at $133.68, suggesting a potential upside of approximately 20.84%. This reflects the confidence analysts have in the company's ability to continue delivering value to its shareholders. Investment Highlights Industry Leadership: ConocoPhillips is recognized as a major player in the oil and gas industry, with a substantial market cap that underscores its scale and operational capacity. The company's extensive operations across 13 countries highlight its global footprint and diversified production base. Operational Efficiency: The company's focus on streamlining operations and maximizing cash returns to shareholders is a strong point in its favor. ConocoPhillips' strategic investments and operational discipline have positioned it well to navigate the volatile energy market. Capital Returns: ConocoPhillips has a robust program for returning capital to shareholders, highlighted by significant share repurchases and a competitive dividend payout. This commitment to shareholder returns is a key attraction for investors. Potential Concerns Market Volatility: As with all companies in the energy sector, ConocoPhillips is subject to fluctuations in oil and gas prices, which can impact profitability and operational plans. Investors should be mindful of the inherent volatility in commodity markets. Geopolitical Risks: With operations in multiple countries, ConocoPhillips faces geopolitical risks that could affect its international operations. Changes in regulatory environments, political instability, or disruptions in global supply chains could pose challenges. Outlook for 2024 ConocoPhillips is expected to continue leveraging its industry leadership and operational efficiency to navigate the evolving energy landscape. The company's focus on sustainable operations, strategic investments in key areas, and commitment to capital returns position it well for growth in 2024. However, investors should consider the potential risks associated with the energy sector, including market volatility and geopolitical uncertainties. In summary, ConocoPhillips (COP) appears to be well-positioned for continued success in the coming year, backed by strong analyst ratings and a strategic approach to growth and shareholder returns. The company's robust operational foundation and forward-looking strategies make it a noteworthy option for investors interested in the energy sector.Shortby CidoguyUpdated 0
Seeking some movement downA quick trade seeking downward movement. I think there is a lack of momentum upwards, and it has sat around for 3 sessions, so there is a bit more edge towards downward movement.Shortby Firex8Updated 0
COP: Potential BuyExpecting the price to keep climbing with a final target of 134.5 USDLongby M0_BTC0
COP - break out and measured rangeNYSE:COP loves breaking out of descending secondary trends and filling proportional ranges. If history repeats, this sets us up for a move to 124-129. Note that we've hit the volume weighted average price anchored to the prior high. This might act as resistance and trigger a retest of the breakout. This happens ~70% of the time with breakouts from descending triangles. Note that changes in trend have aligned to Fibonacci time zones. The next one is 12/18/23. Longby Ben_1148x20
COP Going Down An Oily SlopeStrong resistance at 127. Large A-B-C Corrective Wave under progress. A wave was Zig-Zag. B wave was a triangle formation. C wave has started. The sharp uptrend is retest of the resistance at 127. COP will go down to at least 80, which is the 100 percent projection of Wave A. Shortby RS3175117
$COP: Impressive 125 moveConocoPhillips is seeing impressive resilience here around 125 and we'll see if it can continue or if we see a pullback. Energy seeing a bounce off geopolitical tensions so we'll see if we get followthrough on a move up to 130 or more. Good luck traders!Longby Fox_Technicals0
The start of a crash for COPThis is one of the biggest signs of a market crash for the stock COP. There is significant divergence on every timeframe, including a daily head and shoulders. this trade has multiple patterns the main one being on a Daily timeframe. Expecting this stock to drop to $112 with a decently tight stop loss, We have already taken this trade at $124.Shortby JD_TeenTrader2
COP - target reachedOil prices are climbing, benefiting the energy and energy exploration sectors. I published the breakout of this opportunity with NYSE:COP in mid July. It's price history has respected these measured movements and the initial target was reached today. It's possible that we extend to $133, and potentially even set new highs in the upper section of the channel in the $140's. Note that $144 would be the 1.618 extension from the January - March retrace. That being said, I took profit now and will manage the remaining position by actively edging up a stop loss. While oil supply is tight, it's an OPEC decision and can reverse without much notice. Additionally, we can see that oil just hit its VWAP from the 2022 high, which is likely to initially act as resistance. Longby Ben_1148x2113
COP - excellent breakoutFollowing a five-month decline from its all-time high in November 2022, ConocoPhillips ( NYSE:COP ) has spent the subsequent five months consolidating within an area of value in its long-term upward channel, establishing strong volume support. Historically, we've observed COP forming triangles and making measured movements on breakouts within this channel. If the breakout we're witnessing this week aligns with past price action, we could anticipate a new range extending as high as $124. It's worth noting that the analyst consensus 12-month price target stands at $130. In a previous post, I mentioned that the gold/oil ratio relative to energy was signaling a bottom, which further confirms this opportunity with COP. I'm already long on COP. My strategy involves additional accumulation between $108-110, profit-taking between $123-125, and setting a stop loss between $97-98. As always, it's crucial to monitor market trends and adjust strategies accordingly.Longby Ben_1148x2Updated 1
Can ConocoPhillips Break Out?ConocoPhillips has traded in a flat range since the end of winter, but now the oil and gas driller could be attempting a breakout. The first pattern on today’s chart is the $110 level. It was the high for both May and June. COP’s rally this month pushed it through that price. This week, it held the level. Has old resistance become new support? Next are the series of higher monthly lows since March. Those may indicate that longer-term buyers are lurking beneath the surface. Third, some shorter-term signals are potentially bullish: MACD is rising and the 8-day exponential moving average (EMA) is above the 21-day EMA. Finally, the most recent high around $112 is near the April high and the 200-day simple moving average. Some traders may view a close above those levels as confirmation of a breakout. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .by TradeStation6
COP- A big movement ahead?-Breakout accumulation range for a times with long candle . -Breakout important key level as a hard resistence. Waiting a correction and that is yr chance to catch this share. Be patient and see! Longby phanvinhhai111
COP- Divergences suggest bearish reversal.COP has had a brief trend up in the past three and a half trading days of about 8%. An analysis of the 30 minute chart suggests this could reverse. Firstly, the HA candles are now narrow- ranged and more or less Dojis. The MTF RSI indicator of Chris Moody shows dropping RSI on the 5 minute TF while it is hold up at 100 on the 60 minute TF. The former is indicative of bearish divergence. In a similar fashion the zero lag MACD shows an early cross-over of the K and D lines over the positive histogram another bearish divergence and sign of impending reversal of momentum. Based on all of this I will take two put option on COP striking $110 one expiring 7/14 and the other 7/21 targeting stock prices of $105 then $102. I am projecting profits of 25% on the shorter trade and 75% on the longer trade. I will find the entry on the 5 minute chart looking for a pivot high coupled with a transitioning EMA200 from a positive slope to zero or negative. Other traders may simply short COP and hold to the lower target.Shortby AwesomeAvaniUpdated 3
$COP with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:COP after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 20%.Longby EPSMomentum0
O&G on the up todayThere are many names in the O&G that I could consider opening long positions today. NYSE:COP is one of them, others being NYSE:CNQ NYSE:DINO , NYSE:VLO among others. Note however that many of these tickers are still in a long term down trend so it would be prudent to start off with a small position and see how the merket behaves and react accordingly. I set support and resistance based on higher timeframes and based on the NYSE:COP weekly chart, I have set temporary resistance at around $108. Longby et20tradeviewUpdated 0
$COP with a Bullish outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $COP after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%. by EPSMomentum1
COP - Horizontal Resistance Breakout COP has formed this nice structure above a horizontal resistance, it is now finding support above this resistance which is now support Resistance / Support analysis Price is within a triangle / wedge like structure above this resistance Bullish expectations by Bixley1
#COP idea -20%?Hello dear Traders, Here is my idea for #COP Price closed below yellow line (previous month low) Price closed in 15 Minute chart below purple trigger line -> Enter Trade. Targets marked in the chart (black lines) Invalidation level marked with red line Good luck! ❤️Please feel free to ask any question in comments. I will try to answer all! Thank you. Please, support my work with like, thank you!❤️Shortby Diplo_Trades332
$COP with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $COP after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%. by EPSMomentum0
$COP - shortCOP is in triangle position for searching end and breakout. Expect one more upside with throw over and in case of that between 126-130 to a short entry.Shortby Dowbreezer1
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.Shortby Rykin_Capital0
COP daily signs of reversal near all time highCOP daily signs of reversal near all time high no clean candle entry. However so close to all time high and we go lower, it's probably the beginning of waver 3 down trend. Stop above all time high.Shortby MishaSuvorov1
COP nice little hammer on dailyCOP bearish set up hammer on daily plus wave C on daily / weekly and wave A on monthly. Target can be moved down to $70 once we see an action dynamic around point of control and MA 100 and 200.Shortby MishaSuvorovUpdated 0