ConocoPhillips Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Tuesday for ConocoPhillips
(Updated on Jul 02, 2024)
The ConocoPhillips stock price gained 0.0562% on the last trading day (Tuesday, 2nd Jul 2024), rising from 106.70€ to 106.76€. During the last trading day the stock fluctuated 0.772% from a day low at 106.24€ to a day high of 107.06€. The price has risen in 5 of the last 10 days and is up by 4.44% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 128 more shares were traded than the day before. In total, 221 shares were bought and sold for approximately 23.59€ thousand.
Given the current short-term trend, the stock is expected to fall -18.15% during the next 3 months and, with a 90% probability hold a price between 80.77€ and 87.39€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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YCP.DE Signals & Forecast
Mostly positive signals in the chart today. The ConocoPhillips stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 106.14€ and 106.22€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 4.61%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). ConocoPhillips has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for ConocoPhillips stock
ConocoPhillips finds support from accumulated volume at 106.16€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.82€ between high and low, or 0.772%. For the last week the stock has had daily average volatility of 0.497%.
Our recommended stop-loss: 102.94€ (-3.58%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 56 days ago.)
Trading Expectations (YCP.DE) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect ConocoPhillips to open at 106.69€, and during the day (based on 14 day Average True Range), to move between 105.55€ and 107.97€, which gives a possible trading interval of +/-1.21€ (+/-1.13%) up or down from last closing price. If ConocoPhillips takes out the full calculated possible swing range there will be an estimated 2.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 106.16€ (0.56%) than the resistance at 120.32€ (12.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ConocoPhillips stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 3.032 Buy Candidate Unchanged
Predicted Opening Price for ConocoPhillips of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 106.69€ ( 0.0687%) | 106.76€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YCP.DE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 107.51 | 0.699% |
| R2 | 107.19 | 0.406% |
| R1 | 107.00 | 0.225% |
| Price | 106.76 | |
| S1 | 106.37 | -0.362% |
| S2 | 106.18 | -0.543% |
| S3 | 105.87 | -0.84% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 121.40 | 13.71% |
| R2 | 121.00 | 13.34% |
| R1 | 120.32 | 12.70% |
| Price | 106.76 | |
| S1 | 106.16 | -0.562% |
| S2 | 105.94 | -0.768% |
| S3 | 103.12 | -3.41% |
YCP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2024 | May 10, 2024 | Jun 03, 2024 | 0.727€ | 0.690% |
| 2 | Feb 15, 2024 | Feb 15, 2024 | Mar 01, 2024 | 0.724€ | 0.681% |
| 3 | Nov 13, 2023 | Nov 13, 2023 | Dec 01, 2023 | 0.580€ | 0.540% |
| 4 | Sep 27, 2023 | Sep 27, 2023 | Oct 16, 2023 | 0.571€ | 0.481% |
| 5 | Aug 15, 2023 | Aug 15, 2023 | Aug 15, 2023 | 0.510€ | 0.479% |
FAQ
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