Sell signal, week 2 · US stocks
ConocoPhillips slips 0.4% and holds its 20-week average as the decline loses steam
Our view last week
A second week of heavy selling on ConocoPhillips stock: shares slid 3.4%, the price action stayed in sellers' hands in the weekly bar, and daily money flow is in negative territory. A week ago the buy signal still held; now a fresh Sell signal fires, 24th of the 160 sell signals on US stocks. The technical analysis urges caution: price sits 22.8% above its 200-week average, and the quality band flags trading as not recommended.
This week's summary
ConocoPhillips slipped 0.4% this week, dropped to its 20-week moving average, printed a new 30-day low and closed back above it, in the upper half of the range. A week ago the Sell signal fired; now the decline is losing steam. In the technical analysis of ConocoPhillips stock the price action still sits above the 50-week average, and the quality band flags trading as not recommended: among US stocks, a trade setup to watch, with confirmation still pending.
IQS Phase
49
ordinary
Signal Strength
16
decline losing steam
Sizing
MINIMUM
Ranking
#125 / 175
US stocks sell signals
Trade P&L %
+0.43%
from signal to date, no stop loss
ConocoPhillips (COP) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 125th among the 175 sell signals for US stocks in our ranking, with a signal strength of 16 out of 100.
Sector context
SectorEnergy
Benchmark ETFXLE
Sector regimein positive regime
Performanceweekly +1.26% · monthly -3.50%
COP belongs to the energy sector (reference ETF XLE). The sector is classified in positive regime according to our weekly reading.
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