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CONOCOPHILLIPS

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COP trade ideas

ConocoPhillips had 6 crashes since 1974One of the simplest way to invest/trade Oil Companies is to study the Brent/WTI price movements because they are very correlated. Every oil price crashes, oil companies will follow as well. Commodities is very volatile and for that comes an opportunity to profit. In the last 50 years, every time the stock drops more than 50%, it follows by a rally. For this stock, it crashed 6 times in the last 50 years the stock crashed every 8 years however that average is skewed by a massive bull run on the stock from its recovery of 1985-86 crash until it reached its peak in 2008 (a whopping 2783% rally!!) Before that massive ridiculous rally, the stock crashed on average every 4 years. In the most recent 3 crashes is within the last 13 years.. on average roughly, the stock crashed more or less every 4 years The last two crashes were followed by a rally with an average of 180% bull run. Currently the stock is on a 274% bull run! Actionable : It's hard to trade/invest in oil companies using the normal valuation method i.e DCF due to its tight correlation with oil prices. I let the price movemet of oil to decide for me if its time for me to buy this stock. Currently I am on the sideline and wait for a correction.
NYSE:COPLong
by sufiansaid
ConocoPhillips (COP) bearish scenario:The technical figure Triangle can be found in the US company ConocoPhillips (COP) at daily chart. ConocoPhillips is an American multinational corporation engaged in hydrocarbon exploration. The Triangle has broken through the support line on 11/11/2021, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 12 days towards 67.35 USD. Your stop loss order according to experts should be placed at 77.15 USD if you decide to enter this position. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:COPShort
by legacyFXofficial
Time for ConocoPhillips to end the skid?Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on August 16, 2021 with a closing price of 54.82. If this instance is successful, that means the stock should rise to at least 55.17 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 2.337% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 4.213% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 8.049% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 40 trading bars after the signal. A 0.5% rise must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 7 trading bars; half occur within 21 trading bars, and one-quarter require at least 34 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
NYSE:COPLong
by StockSignaler
Conocophillips approaches powerful resistance level 61.06Conocophillips ($COP) continues to rise inside the clear daily upward impulse with started earlier with the daily Piercing Line candlestick reversal pattern back in April. The price is currently aiming at the major resistance level 61.06 (which stopped the sharp uptrend in March). Given the fact that the price has the freedom of only 0.36 ATR (Average True Range) to rise from the current levels – the intraday correction is not ruled out when Conocophillips approaches the resistance level 61.06. Strongly overbought daily Stochastic at 91.13 adds to the probability of the downward correction from resistance level 61.06.
NYSE:COPShort
by SelectedAlpha
quick analysis of EP energy sector recoveringAfter looking at the beat down energy sector and being a part of it I know the cyclical nature of the business. I looked back on COP as its a good baseline of the industry depending on crude price. What i have outlined are the similarites of the last three crashes along with the recovery of COP to a new cycle high. Each consecutive crash was at a lower price from the 2008 highs. At each new crude top COP was able to continually hit $74/sh. if the continuation and time frames continue COP should reach $74 per share when crude is approximately $58/bbl.
NYSE:COPLong
by equanimity86