ConocoPhillips triggers a buy signal, up 5.2%
ConocoPhillips climbs 5.2% as a new buy signal kicks in
ConocoPhillips triggers a buy signal, up 5.2%
Our view last week
ConocoPhillips shares bounce 4.1% this week, with buyers back in control at 71% of volume — but the technical analysis flags a crack: price is rising while volume fades, and the underlying distribution phase keeps building. The stock stays boxed into a very tight band, between the 109.2 area and the 108.5 area. The short, open for 13 weeks, remains in profit, down to 6% from 9.75% last week.
This week's summary
ConocoPhillips keeps climbing — this week the stock gains 5.2%, its fourth straight higher low on the daily chart — but underneath, volume is contracting and the distribution phase flagged last week hasn't closed out yet. And that's exactly the backdrop against which our model flips the case: after 13 weeks short and in profit, a fresh buy signal now fires. The full weekly technical analysis follows below.
IQS Phase
45
ordinary
Signal Strength
59
medium
Sizing
STANDARD
Ranking
#6 / 20
New us stocks
Trade P&L %
+0.00%
from signal to today
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