ConocoPhillips: an open buy nearing its record highs
ConocoPhillips stock slips 3.4%, stalling just short of record highs
Our view last week
ConocoPhillips keeps accelerating, up 6.4% on the week, and is now brushing its all-time highs with just 2.6% of room left. The weekly technical analysis is bullish across the board — aligned averages, price above the Ichimoku cloud — but on the daily chart buyers account for just 29.6% of volume: the push is losing steam right at resistance. ConocoPhillips stock stays an open buy, now sitting on a double-digit gain.
This week's summary
After brushing its all-time highs last week, ConocoPhillips stock gives back 3.4%: buyers keep losing ground in the volume mix, and the last weekly bar saw sellers edge slightly ahead. The weekly technical analysis stays bullish overall — aligned averages, price above the Ichimoku cloud — with the buy signal still open and the trade sitting on a double-digit gain.
IQS Phase
82
in tension / maturity
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#35 / 175
US stocks in progress
Trade P&L %
+13.63%
from signal to date, no stop loss
Rank position
ranks 35th among the 175 Longs already running for US stocks in our ranking, with a signal strength of 66 out of 100.
Sector context
SectorEnergy
Benchmark ETFXLE
Sector regimein strong phase
Performanceweekly -1.51% · monthly +6.87%
COP belongs to the energy sector (reference ETF XLE). The sector is classified in strong phase according to our weekly reading.
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