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
Red day on Wednesday for ConocoPhillips
(Updated on Jun 12, 2024)
The ConocoPhillips stock price fell by -2.31% on the last day (Wednesday, 12th Jun 2024) from 105.56€ to 103.12€. During the last trading day the stock fluctuated 3.10% from a day low at 103.12€ to a day high of 106.32€. The price has fallen in 6 of the last 10 days and is down by -2.86% for this period. Volume has increased on the last day by 265 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 308 shares were bought and sold for approximately 31.76€ thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 102.19€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.72% during the next 3 months and, with a 90% probability hold a price between 92.26€ and 105.24€ at the end of this 3-month period.
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YCP.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 0.117%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The ConocoPhillips stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 104.25€ and 111.32€. A break-up above any of these levels will issue buy signals. ConocoPhillips gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". 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 103.06€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 3.20€ between high and low, or 3.10%. For the last week, the stock has had daily average volatility of 1.30%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (YCP.F) For The Upcoming Trading Day Of Thursday 13th
For the upcoming trading day on Thursday, 13th we expect ConocoPhillips to open at 104.19€, and during the day (based on 14 day Average True Range), to move between 101.57€ and 104.67€, which gives a possible trading interval of +/-1.55€ (+/-1.51%) up or down from last closing price. If ConocoPhillips takes out the full calculated possible swing range there will be an estimated 3.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 103.06€ (0.06%) than the resistance at 120.32€ (16.68%), 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?
ConocoPhillips holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.746 Sell Candidate Unchanged
Predicted Opening Price for ConocoPhillips of Thursday, June 13, 2024
| Fair opening price June 13, 2024 | Current price |
|---|---|
| 104.19€ ( 1.03%) | 103.12€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YCP.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 107.39 | 4.14% |
| R2 | 106.16 | 2.95% |
| R1 | 105.41 | 2.22% |
| Price | 103.12 | |
| S1 | 102.96 | -0.151% |
| S2 | 102.21 | -0.88% |
| S3 | 100.99 | -2.07% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 121.40 | 17.73% |
| R2 | 121.00 | 17.34% |
| R1 | 120.32 | 16.68% |
| Price | 103.12 | |
| S1 | 103.06 | -0.0582% |
| S2 | 103.00 | -0.116% |
| S3 | 0 | - |
YCP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2024 | May 10, 2024 | Jun 03, 2024 | 0.727€ | 0% |
| 2 | Feb 15, 2024 | Feb 15, 2024 | Mar 01, 2024 | 0.724€ | 0% |
| 3 | Nov 13, 2023 | Nov 13, 2023 | Nov 13, 2023 | 0.580€ | 0% |
| 4 | Sep 27, 2023 | Sep 27, 2023 | Sep 27, 2023 | 0.600€ | 0% |
| 5 | Aug 15, 2023 | Aug 15, 2023 | Aug 15, 2023 | 0.510€ | 0% |
FAQ
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