When the Price of (COP) Talks, People Listen
November 09, 2024, 08:46 am ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for COP
- Buy COP near 110.75 target 120.08 stop loss @ 110.43 Details
The technical summary data tells us to buy COP near 110.75 with an upside target of 120.08. This data also tells us to set a stop loss @ 110.43 to protect against excessive loss in case the stock begins to move against the trade. 110.75 is the first level of support below 111.59 , and by rule, any test of support is a buy signal. In this case, support 110.75 is being tested, a buy signal would exist.
- Short COP slightly under 120.08, target 110.75, stop loss @ 120.43 Details
The technical summary data is suggesting a short of COP as it gets near 120.08 with a downside target of 110.75. We should have a stop loss in place at 120.43though. 120.08 is the first level of resistance above 111.59, and by rule, any test of resistance is a short signal. In this case, if resistance 120.08 is being tested, a short signal would exist.
Swing Trading Plans for COP
- Buy COP slightly over 114.66, target 120.08, Stop Loss @ 114.33 Details
If 114.66 begins to break higher, the technical summary data tells us to buy COP just slightly over 114.66, with an upside target of 120.08. The data also tells us to set a stop loss @ 114.33 in case the stock turns against the trade. 114.66 is the first level of resistance above 111.59, and by rule, any break above resistance is a buy signal. In this case, 114.66, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short COP slightly near 114.66, target 110.75, Stop Loss @ 114.99. Details
The technical summary data is suggesting a short of COP if it tests 114.66 with a downside target of 110.75. We should have a stop loss in place at 114.99 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 114.66, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for COP
- Buy COP slightly over 112.4, target 114.66, Stop Loss @ 112.14 Details
If 112.4 begins to break higher, the technical summary data tells us to buy COP just slightly over 112.4, with an upside target of 114.66. The data also tells us to set a stop loss @ 112.14 in case the stock turns against the trade. 112.4 is the first level of resistance above 111.59, and by rule, any break above resistance is a buy signal. In this case, 112.4, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short COP slightly near 112.4, target 110.75, Stop Loss @ 112.66. Details
The technical summary data is suggesting a short of COP if it tests 112.4 with a downside target of 110.75. We should have a stop loss in place at 112.66 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 112.4, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Conocophillips (COP) available here: COP.
COP Ratings for November 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Neutral |
| P1 |
0 |
0 |
101.36 |
| P2 |
112.4 |
110.13 |
110.75 |
| P3 |
115.13 |
114.66 |
120.08 |
AI Generated Signals for COP
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Conocophillips (NYSE: COP) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for COP can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for COP:
pool ads
