Learn to Evaluate (COP) using the Charts
July 18, 2024, 11:00 am ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for COP
- Buy COP slightly over 109.88 target 117.95 stop loss @ 109.56 Details
The technical summary data tells us to buy COP near 109.88 with an upside target of 117.95. This data also tells us to set a stop loss @ 109.56 to protect against excessive loss in case the stock begins to move against the trade. 109.88 is the first level of support below 116.61 , and by rule, any test of support is a buy signal. In this case, support 109.88 would be being tested, so a buy signal would exist.
- Short COP slightly under 117.95, target 109.88, stop loss @ 118.29 Details
The technical summary data is suggesting a short of COP as it gets near 117.95 with a downside target of 109.88. We should have a stop loss in place at 118.29though. 117.95 is the first level of resistance above 116.61, and by rule, any test of resistance is a short signal. In this case, if resistance 117.95 is being tested, so a short signal would exist.
Swing Trading Plans for COP
- Buy COP slightly over 117.95, target 126.21, Stop Loss @ 117.61 Details
If 117.95 begins to break higher, the technical summary data tells us to buy COP just slightly over 117.95, with an upside target of 126.21. The data also tells us to set a stop loss @ 117.61 in case the stock turns against the trade. 117.95 is the first level of resistance above 116.61, and by rule, any break above resistance is a buy signal. In this case, 117.95, 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 117.95, target 116.02, Stop Loss @ 118.29. Details
The technical summary data is suggesting a short of COP if it tests 117.95 with a downside target of 116.02. We should have a stop loss in place at 118.29 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, 117.95, 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 116.89, target 117.95, Stop Loss @ 116.62 Details
If 116.89 begins to break higher, the technical summary data tells us to buy COP just slightly over 116.89, with an upside target of 117.95. The data also tells us to set a stop loss @ 116.62 in case the stock turns against the trade. 116.89 is the first level of resistance above 116.61, and by rule, any break above resistance is a buy signal. In this case, 116.89, 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 116.89, target 116.02, Stop Loss @ 117.16. Details
The technical summary data is suggesting a short of COP if it tests 116.89 with a downside target of 116.02. We should have a stop loss in place at 117.16 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, 116.89, 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 July 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
109.88 |
| P2 |
115.64 |
112.77 |
117.95 |
| P3 |
116.89 |
116.02 |
126.21 |
AI Generated Signals for COP
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Conocophillips (NYSE: COP) report below can help you understand how to do this. The trading plans for COP, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for COP:
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