Million

Resistance

Time

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>COP stock price is taking support on the 50 EMA support level.</a> </li> 
 <li> <span>2</span> <a>ConocoPhillips stock price is trading above the key moving averages.</a> </li> 
</ul> 
<p>COP stock price is in an uptrend, trading near the resistance level of $126.05. Buyers are aiming to break through the obstacle and achieve a new high. ConocoPhillips stock soared by 0.94% last month. The price is above the key moving averages indicating bullishness.</p> 
<p>The price action indicates that ConocoPhillips stock has broken above the multiple tops, highlighting the strong force of the bulls who kept making long positions.</p> 
<p>At press time, COP stock was trading at $120.41 with an intraday minor gain of 0.38%, breaking below the 200-day EMA. Moreover, the intraday trading volume is 5.011 Million less than the average 10-day volume of 4.764 Million. The market cap of COP stock is $144.19 Billion.</p> 
<p>The oscillators are currently indicating that the price is overbought. The investors are optimistic regarding the upcoming week’s performance.</p> 
<p>COP stock price fell about 4.60% over the past week with a modest gain of 0.94% over the past month. However, the stock has not performed well over the longer term, as it gained by about 2.62% over the past three months, and by about 19.73% over the past six months. The stock’s performance throughout the year has also been disappointing, with a year-to-date return of about 3.30%.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-cop-stock-price-in-1-d-time-frame-strong"><strong>Technical Analysis of COP&nbsp; Stock Price in 1-D Time Frame</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1273" height="577" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-753.png" alt="COP Stock: What's Next in ConocoPhillips Stock $110 And $130?" class="wp-image-178227" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-753.png 1273w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-753-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-753-1024x464.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-753-768x348.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-753-750x340.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-753-1140x517.png 1140w" sizes="(max-width: 1273px) 100vw, 1273px">
  <figcaption class="wp-element-caption">
   Source: COP.1D.NYSE by TradingView
  </figcaption>
 </figure>
</div> 
<p>COP stock price has risen steadily for the past three months, gaining 2.62%. It gained 0.94% last month. Currently, ConocoPhillips stock is trading at $120.41 and has been trying to hold on to this level after an unexpected surge in price.</p> 
<p>If it can stay at this level, the COP price could continue to go up and reach the first and second targets of $126.05 and $130.00, respectively. However, if the ConocoPhillips price cannot maintain this level and falls, then it might hit the closest support levels of $112.43 and $116.15.</p> 
<p>Currently, COP <a href="https://www.thecoinrepublic.com/2023/10/14/cop-stock-cop-getting-ready-for-breakout-will-cop-reach-150/" target="_blank" rel="noreferrer noopener">stock</a> price is trading above the 50 and 200-day exponential moving averages (EMAs), which are supporting the price momentum.&nbsp;</p> 
<p>However, if buying volume adds up, then the price might support bullish momentum by making higher highs and new highs. Hence, the COP price is expected to move upwards giving bullish views over the daily time frame chart.</p> 
<p>The current value of RSI is 47 points. The 14 SMA is above the median line at 54 points, indicating that the COP stock is neutral.</p> 
<p>The MACD line at 0.7549 and the signal line at 0.9561 are above the zero line. A bearish crossover is observed in the MACD indicator which signals weakness in the momentum of the ConocoPhillips stock price.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>COP stock price technical oscillators also support the bullish trend. The MACD, RSI, and EMA are emphasizing positive signs and imply that the uptrend may continue in the ConocoPhillips stock price. Price action suggests that the investors and traders are bullish on the 1-Day time frame.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $112.43 and $116.15</p> 
<p>Resistance Levels: $126.05 and $130.00</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.</p>

COP Stock: What’s Next in ConocoPhillips Stock $110 And $130?

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