November 09, 2025 a 03:15 pm
COP: Fibonacci Analysis - ConocoPhillips
ConocoPhillips, a global energy company, focuses on various segments of the oil and gas market, including conventional oil reservoirs and unconventional plays. Its operations span across exploration, production, transportation, and marketing of crude oil and natural gas liquids. The stock has encountered significant volatility, reflecting market conditions and global energy dynamics.
Fibonacci Analysis
| Details | Information |
|---|---|
| Trend Start Date | 2024-11-18 |
| Trend End Date | 2025-11-07 |
| Highest Price | $113.76 on 2024-11-18 |
| Lowest Price | $86.83 on 2025-11-07 |
| Fibonacci Level | Price Level |
|---|---|
| 0.236 | $94.75 |
| 0.382 | $100.56 |
| 0.5 | $104.79 |
| 0.618 | $109.02 |
| 0.786 | $113.78 |
The current price is in the 0.236 Retracement Zone, suggesting a possible mild pullback. This indicates potential support around the $94.75 level, which could act as a recovery point before further declines.
Conclusion
ConocoPhillips has experienced a dominant downtrend from late 2024 to late 2025. While its global operations in diverse energy sectors offer strong long-term potential, the recent drop provides uncertainties tied to global energy price fluctuations. Current price levels suggest that a reversal might occur, contingent on broader economic conditions. Investors should watch for support at the identified Fibonacci levels, whilst considering geopolitics and industry innovations as influential factors.