Ascend

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Resistance

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<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>COP stock is trading near vital key resistance and COP might show a boost in the upcoming sessions.</a> </li> 
 <li> <span>2</span> <a>ConocoPhillips ( NYSE: COP) stock’s 52-week price range is around $91.53 – $138.49.</a> </li> 
 <li> <span>3</span> <a>The stock ended at $119.03 on August 31st, 2023, gaining 0.27% from the previous day.</a> </li> 
</ul> 
<p>ConocoPhillips is an international energy corporation that operates in 17 countries and produces and sells oil, natural gas, and liquefied natural gas. The ConocoPhillips company has a market value of $142.537 Billion and a revenue of $78.582 Billion. The COP stock has a dividend yield of 1.71 and an earnings per share of $11.42.&nbsp;</p> 
<p>ConocoPhillips pays dividends every month and the next dividend Ex-date is on September 27th, 2023. The amount that COP Stock will pay is going to be $0.60 and the payment date will be October 16th, 2023.&nbsp;</p> 
<p>According to recent data, the COP stock revenue of Q2, 2023 was $12.884 Billion with a net income of 2.22 Billion. The COP stock revenue fell short of analyst expectations by 1.851 Billion, but the price did not drop much, instead recovered. Furthermore, The estimated EPS for Q2’23 was 1.93 in COP stock, and the reported EPS was 1.84 which gave a negative surprise of 4.44%. The projected EPS for the next quarter is positive at 2.07.&nbsp;</p> 
<p>COP stock has performed well in the last month, rising by 1.51%, and increasing by 12.01 in the last six months. ConocoPhillips (NYSE: COP) stock has a positive year-to-date return of 2.12% and a one-year positive return of 10.37%. The average volume is 3.885 Million and the current volume is 4.396 Million, where the current volume is above average volume.</p> 
<p>The COP stock price started from a low of $91 on March 16th making higher highs and lows and breaking through several structures. COP share followed the trendline obstructions sharply in its upward rally of almost 30% by March 16th. The recent major support it took at the Fibonacci 50.00% level around the price of $105, and reached the highest point at $119 by August 21st, 2023. For the last few days, the price has been facing rejection, and the price dropped by a few points reaching $114 but it bounced back and CMP is back $119.03.</p> 
<p>Therefore, if the stock price maintains the current level and ConocoPhilips’s price rises, then it might reach the nearest resistance levels of $126.40 and $135.71.</p> 
<p>However, if ConocoPhillips fails to sustain its current level, the COP price could continue to decline downwards and hit the nearest support levels around $97.69 and $93.27.</p> 
<p>A break below or above these levels could signal a new trend for the COP stock price.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-cop-stock-price-in-daily-timeframe-1-d-strong"><strong>Technical Analysis Of COP Stock Price in Daily Timeframe (1-D)</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/KHpXakkBbqdYR1GjAAcnOBBUqL2cTQ8Kf3-y6TLJhuIkpWEBfESrgFdSQvsbzeotWGSY0nXNPXs1-Q1m31fIXbVVbucOa2S975x2oyavM6oMeUeAjZ5qSdWueE2qbT54GPHZCFsJAxC7mTVYqvFyHNo" alt="COP Stock Forecast: Will (NYSE: COP) Price Ascend Like Rocket?"> 
  <figcaption class="wp-element-caption">
    Source: COP.1D.NYSE by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>At the time of publishing, <a href="https://www.thecoinrepublic.com/2023/08/09/cop-stock-signals-bullishness-will-it-continue-to-lift-gains/" rel="noopener noreferrer nofollow">ConocoPhillips (NYSE: COP)</a> technical indicators are mostly positive, indicating a bullish trend and a buy signal. The daily chart shows that ConocoPhillips is trading above its 20-day, and 50-day moving averages, suggesting a rising momentum. The relative strength index is above the 63 level, implying a strong market sentiment. The MACD and signal line are converging towards each other and a bullish crossover is expected as the histogram gap is narrow.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/08/09/cop-stock-signals-bullishness-will-it-continue-to-lift-gains/" rel="noopener noreferrer nofollow">ConocoPhillips (NYSE: COP) price</a> action shows a bullish outlook. At the time of publishing, the technical oscillators for COP stock price support a bullish trend. Most reliable and popular oscillators such as MACD, RSI, and EMA highlight upward hints in ConocoPhillip’s price. Moreover, the investors and traders of the stock on the 1-D time frame chart suggest bullish sentiments.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p><strong>Support levels:</strong> The nearest support levels for COP stock price are $97.69 and $93.27.</p> 
<p><strong>Resistance levels:</strong> The nearest resistance levels for the ConocoPhillips stock price are $126.40 and $135.71.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

COP Stock Forecast: Will (NYSE: COP) Price Ascend Like Rocket?

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