ConocoPhillips stock: buy or sell
Jul 29th, 2021
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
In the last month we couldn't find any rating for ConocoPhillips
ConocoPhillips stock analysis
Supports and resistances
The current resistance levels are:
The current support levels are:
Since the price broke down the lower band on July 20, the price bounced off by 7.26%
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.
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 $48,896.55 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for ConocoPhillips stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions release their price forecasts based on the stock price action and the company fundamental data. Most of these estimates follow the release of new fundamental data by the company, and usually. Again, these predictions are not direct recommendations for individual traders and must not be followed blindly.
In the previous month we couldn't find any price target published for ConocoPhillips stock.
Earnings and financials
Financial event was hosted by ConocoPhillips ($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.
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
|Wednesday, July 28th, 2021|
|Day range||$55.81 - $57.15|
|Average true range||$2.36|
|50d mov avg||$58.07|
|100d mov avg||$55.49|
|200d mov avg||$47.88|
|Earnings date||October 27th, 2021|