ConocoPhillips stock: buy or sell

COP stock price: $56.72 0.69% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

1

ConocoPhillips stock brief

  • ConocoPhillips closed on Wednesday at $56.72 (0.69%) prior to presenting financial results on Thursday
  • On Thursday, ConocoPhillips posted its Q2 earnings report
  • 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?

In the current situation of ConocoPhillips there is not any eligible buy setup. 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?

How to know when is it time to sell ConocoPhillips?. Just as when we have to buy shares, determining when is appropiate time to sell is not a fickle decision, and we must follow our own trading style. When selling, as well as buying, detailed strategies are very easy to use and are only valid for selling shares in your porfolio, not for selling short $COP stock

A golden rule is that you should not mantain an investment that leads to losses greater than those expected by the time of purchase. The moment to sell shares should always be dictated by the stop-loss (automatic or manual)

Is it time to sell ConocoPhillips stock?

In the current situation of ConocoPhillips there is not any eligible sell setup, so ConocoPhillips stock holders with operations in green can keep their positions

ConocoPhillips ratings

In the last month we couldn't find any rating for ConocoPhillips

ConocoPhillips stock analysis

SMAs overview

COP stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $57.04 (0.56% above)
  • R2: $57.27 (0.97% above)
  • R3: $57.37 (1.15% above)
  • The current support levels are:

  • S1: $56.56 (-0.28% below)
  • S2: $55.90 (-1.45% below)
  • S3: $55.28 (-2.54% below)
  • Bollinger bands

    Since the price broke down the lower band on July 20, the price bounced off by 7.26%

    COP stock Bollinger Bands chart

    Relative strength index

    When the fluctuates for so long below 70 and above 30, without indicating moments of overvaluation and undervaluation, the indicator becomes of little use, and we find ourselves in such a case.

    COP stock RSI chart

    ConocoPhillips stock price history

    ConocoPhillips started trading priced at an adjusted price1 of $1.16 on Dec 1981. Since then, COP stock has risen by 4,789.66%, with an average of 122.81% per year. An investment of $1,000USD on the IPO would worth $48,896.55 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. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, financial institutions release their price forecasts based on the stock price action and the company fundamental data. Most of these estimates follow the release of new fundamental data by the company, and usually. Again, these predictions are not direct recommendations for individual traders and must not be followed blindly.

    In the previous month we couldn't find any price target published for ConocoPhillips stock.

    Earnings and financials

    Financial event was hosted by ConocoPhillips ($COP) on Thursday after releasing the financial report.

    Compared to the same quarter one year ago, EPS was $-0.92, so current EPS is 100.00%. Looking at turnover, figures exploded a 55.63% compared to $63.9B year over year.

    ConocoPhillips ($COP) is hosting the earnings call next October.

    ConocoPhillips performance

    COP performance compared
    Company1m3m6m
    ConocoPhillips ($COP) -4.90% 6.70% 41.40%

    Important:
    The viewpoints given in this article are personal and not recommendations for you to buy or sell shares. The author of this document does not have any knowledge of the individual positions of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are posted for general educational purposes only

    ConocoPhillips summary

    Wednesday, July 28th, 2021
    Open$56.48
    Close$56.72
    Day range$55.81 - $57.15
    Previous close$56.33
    Session gain0.69%
    Average true range$2.36
    50d mov avg$58.07
    100d mov avg$55.49
    200d mov avg$47.88
    Earnings dateOctober 27th, 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 had no ratings in the last four weeks Read the article to get additional tips on trading COP stock.

    Will COP go up?

    There were no forecasts issued by market analysts in the last 4 weeks for ConocoPhillips.