pool adsConocoPhillips $COP is Strong on a Midterm Basis
ConocoPhillips (NYSE: COP) is Strong on a Midterm Basis, as shown in the table.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Strong | Neutral |
| P1 | 68.95 | 65.01 | 57.93 |
| P2 | 69.83 | 69.25 | 64.48 |
| P3 | 70.54 | 73.42 | 70.83 |
Support and Resistance Plot Chart for COP
Long Term Trading Plans for COP
May 18, 2018, 8:39 am ET
The technical Summary and associated Trading Plans for COP listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for COP. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.
COP - (Long) Support Plan
Buy over 64.48 target 70.83 stop loss @ 64.22.
The technical summary data tells us to buy COP near 64.48 with an upside target of 70.83. This data also tells us to set a stop loss @ 64.22 to protect against excessive loss in case the stock begins to move against the trade. 64.48 is the first level of support below 70.66 , and by rule, any test of support is a buy signal. In this case, support 64.48 is being tested, a buy signal would exist.
COP - (Short) Resistance Plan
Short under 70.83 target 64.48 stop loss @ 71.09
The technical summary data is suggesting a short of COP as it gets near 70.83 with a downside target of 64.48. We should have a stop loss in place at 71.09 though. 70.83 is the first level of resistance above 70.66, and by rule, any test of resistance is a short signal. In this case, if resistance 70.83 is being tested, a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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