ConocoPhillips (COP) closed at $109.69 on September 23, 2024, showing signs of a possible upward trend. The stock has recently bounced back from a low point, and its short-term indicators suggest positive momentum. The RSI and moving averages show room for growth without being overextended, while the MACD indicates increasing buying pressure. If COP breaks above its resistance levels around $109.69 and $112.87, it could move up further towards $115.69. However, if it falls below $108.46, it might pull back. Overall, signs suggest a bullish trend, with about 80% confidence in the stock rising further.
COP Technical Analysis — 2024-09-23
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