Trading (COP) With Integrated Risk Controls
November 20, 2024, 00:42 am ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for COP
- Buy COP near 109.7 target 118.88 stop loss @ 109.38 Details
The technical summary data tells us to buy COP near 109.7 with an upside target of 118.88. This data also tells us to set a stop loss @ 109.38 to protect against excessive loss in case the stock begins to move against the trade. 109.7 is the first level of support below 113.09 , and by rule, any test of support is a buy signal. In this case, support 109.7 is being tested, a buy signal would exist.
- Short COP slightly under 118.88, target 109.7, stop loss @ 119.22 Details
The technical summary data is suggesting a short of COP as it gets near 118.88 with a downside target of 109.7. We should have a stop loss in place at 119.22though. 118.88 is the first level of resistance above 113.09, and by rule, any test of resistance is a short signal. In this case, if resistance 118.88 is being tested, a short signal would exist.
Swing Trading Plans for COP
- Buy COP slightly over 115.06, target 118.88, Stop Loss @ 114.73 Details
If 115.06 begins to break higher, the technical summary data tells us to buy COP just slightly over 115.06, with an upside target of 118.88. The data also tells us to set a stop loss @ 114.73 in case the stock turns against the trade. 115.06 is the first level of resistance above 113.09, and by rule, any break above resistance is a buy signal. In this case, 115.06, 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 115.06, target 112.34, Stop Loss @ 115.39. Details
The technical summary data is suggesting a short of COP if it tests 115.06 with a downside target of 112.34. We should have a stop loss in place at 115.39 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, 115.06, 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 113.14, target 114.63, Stop Loss @ 112.88 Details
If 113.14 begins to break higher, the technical summary data tells us to buy COP just slightly over 113.14, with an upside target of 114.63. The data also tells us to set a stop loss @ 112.88 in case the stock turns against the trade. 113.14 is the first level of resistance above 113.09, and by rule, any break above resistance is a buy signal. In this case, 113.14, 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 113.14, target 112.34, Stop Loss @ 113.4. Details
The technical summary data is suggesting a short of COP if it tests 113.14 with a downside target of 112.34. We should have a stop loss in place at 113.4 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, 113.14, 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 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Neutral |
| P1 |
0 |
0 |
100.43 |
| P2 |
113.14 |
112.34 |
109.7 |
| P3 |
114.63 |
115.06 |
118.88 |
AI Generated Signals for COP
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for COP:
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