ConocoPhillips stock: buy or sell

COP stock price: $50.04 2.86% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

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ConocoPhillips stock brief

  • ConocoPhillips stock exploded 2.86% to close at $50.04 on the stock market on Wednesday, breaking a streak of 4 sessions in negative.
  • From the chart point view, price is drawing a scaled uptrend since October 2020 with higher tops and higher bottoms. This rally marked a 83.43% gain
  • ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide.

Should I buy ConocoPhillips stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $COP stock a buy?

Currently, ConocoPhillips stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $COP will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell ConocoPhillips stock?

Knowing when to sell a stock is even harder than knowing when to buy it. Similarly to when we have to buy shares, choosing when is appropiate to sell is not a capricious decision, and we must follow our own trading strategy. We like very simple setups to guide us on when is the best time to sell our shares. Be aware that these setups should not be used for selling short ConocoPhillips stock

A guiding principle is that you must never mantain an investment that yields higher than expected losses at the time of the buy. The moment to sell your stock must always be ruled by the stop-loss (automatic or manual)

Is it time to sell ConocoPhillips stock?

Currently, ConocoPhillips stock doesn't match any of our preferred sell setups, so if you hold ConocoPhillips stock and your operation is in profit probably is not time to sell now

ConocoPhillips ratings

In the last 30 days, 3 analyst ratings were published for ConocoPhillips. General sentiment is bullish, with 3 out of 3 publishing optimistic forecasts

ConocoPhillips analysts' ratings - Last 30 days
Brokerage firmRating
Apr 1st, 2021
Piper Sandler Buy
Apr 9th, 2021
KeyCorp Buy
Apr 15th, 2021
KeyCorp Buy

ConocoPhillips stock analysis

Since in October 2020, ConocoPhillips has been drawing an uptrend that by now marked a gorgeous 83.43%. During this uptrend, the price offered some entry points on the breakouts. Latest low was last February, when price bounced at $39.34. Like in all uptrends, price needs to rest and now price is moving in a range between $61.14 and $39.34

SMAs overview

COP stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $50.22 (0.36% above)
  • R2: $50.27 (0.46% above)
  • R3: $50.41 (0.74% above)
  • The current support levels are:

  • S1: $49.96 (-0.16% below)
  • S2: $49.63 (-0.82% below)
  • S3: $49.45 (-1.18% below)
  • Bollinger bands

    Since the price broke down the lower band on Tuesday, the price rebounded by 3.35%. The price is moving very close to the lower Bollinger band, poiting some level of oversold in recent sessions. This is not a buy signal, as price can move in these levels for many days and weeks

    COP stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 in mid-March after just crossing to the overbough zone for just one day (weak signal). The RSI value on Wednesday was 42.38. Since then, ConocoPhillips price dropped a 15.46%

    COP stock RSI chart

    ConocoPhillips stock price history

    ConocoPhillips went public on Dec 31st, 1981 priced at $1.18 per share1. Since then, COP stock surged by 4,140.68%, with an average of 106.17% per year. An investment of thousand dollars on the IPO would be valued $42,406.78 today.

    1: Adjusted price after possible price splits or reverse-splits

    COP stock price history chart

    Price target for ConocoPhillips stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis predicting how a stock will performance in the future.

    The following table shows the price target published by brokerage institutions in the last month. If you are a small investor you don't have to invest based on these projections.

    There are 3 price predictions released for ConocoPhillips that average $65.00. That is a 29.90% than the last price ($50.04).

    ConocoPhillips stock price predictions
    Brokerage firmPrice target
    Apr 1st, 2021
    Piper Sandler $50.00$69.00
    Apr 9th, 2021
    KeyCorp $62.00$63.00
    Apr 15th, 2021
    KeyCorp $62.00$63.00

    Earnings and financials

    ConocoPhillips ($COP) posted earnings of $-0.19 per share last February, highly beating the Wall St consensus estimate of $-0.28 per share. This Q4 report means an earnings surprise of 32.14%. Predicted revenue was $5.1 billion but ConocoPhillips strongly surpassed by 17.91%, posting $6.0 billion.

    In comparing, the EPS for the same quarter last year was $0.76, so current EPS is a loss of -125.00%. Looking at sales, figures dropped a -28.83% compared to $78.4B same quarter 12 months ago.

    ConocoPhillips ($COP) will host the earnings call on Thursday next week. Wall Street analysts forecast of $0.49, that is a 357.89% more than Q4.

    ConocoPhillips performance

    COP performance compared
    Company1m3m6m
    ConocoPhillips ($COP) -2.10% 11.20% 53.40%

    Important note:
    The thoughts contained in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this text does not know the specific conditions of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are expressed for general educational reasons only

    ConocoPhillips summary

    Wednesday, April 21st, 2021
    Open$48.03
    Close$50.04
    Day range$47.85 - $50.13
    Previous close$48.65
    Session gain2.86%
    Average true range$1.68
    50d mov avg$52.77
    100d mov avg$47.38
    200d mov avg$41.45
    Earnings dateApril 29th, 2021

    Frequently asked questions

    What is ConocoPhillips stock symbol?

    ConocoPhillips is a public company trading in the US stock market with the COP symbol

    Is ConocoPhillips stock a buy or sell?

    ConocoPhillips received 3 ratings in the last 30 days: 3 bullish, 0 bearish and 0 neutral.

    Will COP go up?

    ConocoPhillips had different price predictions issued by analysts in the last 30 days forecasting the target price to $65.00. That is a 29.90% than the last price ($50.04).