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Takip Edin: @UscMarketsCOP Stock Forecast & ConocoPhillips Chart Analysis
This article provides a detailed analysis of COP-ConocoPhillips stock including a forecast for COP shares. It features ConocoPhillips technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
COP Historical Data Review
COP Current Price Performance Analysis
The ConocoPhillips - COP stock traded on the American stock market, on 06-05-2024, closed at 112.23$ with a %-0.04 decreased compared to the previous day.
In the last month, the price of COP changed by %-9.16 decreased in value, from 123.55 dollars on 05-06-2024 to 112.23 dollars, decreased.
Last year, the price of COP was 101.94 dollars on 06-06-2023, and changed by %10.09 increased in value, to 112.23 dollars increased within a year.
The price of ConocoPhillips stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
COP with AI Stock Forecast & Price Target
On the COP chart ConocoPhillips price was recorded as 112.23 Dollars on 06/05/2024.
The artificial intelligence's forecast on COP stock is as follows.
The artificial intelligence's prediction error margin for COP stock is high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for ConocoPhillips stock over the next 4 months is: 106.3 Dollars.
The commentary on COP stock Target Price: Highest: 116.551 Dollars is predicted.
The commentary on COP stock Target Price: Lowest: 95.386 Dollars is predicted.
Resistance Price where ConocoPhillips stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 09-23-2024 | 102.777 |
| 02-10-2025 | 115.110 |
| 04-11-2025 | 116.551 |
Support Price where ConocoPhillips stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-09-2024 | 95.386 |
| 11-07-2024 | 97.117 |
| 03-17-2025 | 112.016 |
The commentary on COP stock: Fluctuations in the target price can be expected in the coming days.
The target price for ConocoPhillips stock by the end of 2024 is predicted to be 108.723 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on COP stock, and the 2024 target price predictions for ConocoPhillips are detailed above.
The technical analysis and charts for the commentary on COP stock are below.
COP Support & Resistance and Trend Analysis
COP stock you have reviewed the technical analysis support resistance charts regarding.
COP : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the COP review, the ConocoPhillips support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
ConocoPhillips Support and Resistance Prices:
| COP Support Level Price | COP Resistance Level Price |
|---|---|
| 105.77 | 115.29 |
| 108.84 | 115.53 |
| 109.70 | 116.81 |
| 109.74 | 117.04 |
| 109.98 | 121.24 |
| 110.61 | 130.77 |
| 112.48 | 135.18 |
| 120.88 |
COP Technical Analysis: SMA, RSI, MACD
Upon reviewing the COP chart, buy and sell signals have been generated in the ConocoPhillips technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for COP stock are as follows:- COP technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for ConocoPhillips gave a 'Buy' signal when the RSI was at 20.616, with the current RSI value at 30.256.
- The technical analysis for ConocoPhillips indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for ConocoPhillips stock: Click here to read more predictions on Booking Holdings stock.
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