How the price action of Conocophillips (COP) is used to our Advantage
January 15, 2023, 03:15 am ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for COP
- Buy COP slightly over 118.26 target 133.32 stop loss @ 117.92 Details
The technical summary data tells us to buy COP near 118.26 with an upside target of 133.32. This data also tells us to set a stop loss @ 117.92 to protect against excessive loss in case the stock begins to move against the trade. 118.26 is the first level of support below 121.47 , and by rule, any test of support is a buy signal. In this case, support 118.26 is being tested, a buy signal would exist.
- Short COP slightly under 133.32, target 118.26, stop loss @ 133.71 Details
The technical summary data is suggesting a short of COP as it gets near 133.32 with a downside target of 118.26. We should have a stop loss in place at 133.71though. 133.32 is the first level of resistance above 121.47, and by rule, any test of resistance is a short signal. In this case, if resistance 133.32 is being tested, a short signal would exist.
Swing Trading Plans for COP
- Buy COP slightly over 133.32, target n/a, Stop Loss @ 132.93 Details
If 133.32 begins to break higher, the technical summary data tells us to buy COP just slightly over 133.32, with an upside target of n/a. The data also tells us to set a stop loss @ 132.93 in case the stock turns against the trade. 133.32 is the first level of resistance above 121.47, and by rule, any break above resistance is a buy signal. In this case, 133.32, 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 133.32, target 120.44, Stop Loss @ 133.71. Details
The technical summary data is suggesting a short of COP if it tests 133.32 with a downside target of 120.44. We should have a stop loss in place at 133.71 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, 133.32, 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 121.65, target 133.32, Stop Loss @ 121.37 Details
If 121.65 begins to break higher, the technical summary data tells us to buy COP just slightly over 121.65, with an upside target of 133.32. The data also tells us to set a stop loss @ 121.37 in case the stock turns against the trade. 121.65 is the first level of resistance above 121.47, and by rule, any break above resistance is a buy signal. In this case, 121.65, 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 121.65, target 120.44, Stop Loss @ 121.93. Details
The technical summary data is suggesting a short of COP if it tests 121.65 with a downside target of 120.44. We should have a stop loss in place at 121.93 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, 121.65, 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 January 15:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
103.46 |
| P2 |
118.95 |
116.07 |
118.26 |
| P3 |
121.65 |
120.44 |
133.32 |
AI Generated Signals for COP
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Conocophillips (NYSE: COP) data table below can help you with price action, and we have more details too. Trading plans for COP are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for COP:
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