February 11, 2026 a 02:04 pm
COP: Trend and Support & Resistance Analysis - ConocoPhillips
The ConocoPhillips stock has shown significant activity in recent months, reflecting the volatile nature of the energy markets it operates within. Given its strong position in conventional and unconventional oil and gas production, it remains a key player. Analysts need to stay vigilant to the fluctuations in oil prices that could impact profitability. The company's diversified operations across the globe add resilience against regional market fluctuations. With the provided data, let's dive into technical levels of trend, support, and resistance.
Trend Analysis
The following analysis endeavors to uncover the current trend of ConocoPhillips (COP) by analyzing daily close prices, alongside computed EMA20 and EMA50. This insight assists in unraveling whether a potential upward, downward, or sideways trend is taking hold.
| Date | Close Price | Trend |
|---|---|---|
| 2026-02-11 | 109.05 | ▲ Uptrend |
| 2026-02-10 | 107.5 | ▲ Uptrend |
| 2026-02-09 | 108.7 | ▲ Uptrend |
| 2026-02-06 | 107.62 | ▲ Uptrend |
| 2026-02-05 | 104.98 | ▲ Uptrend |
| 2026-02-04 | 107.59 | ▲ Uptrend |
| 2026-02-03 | 104.91 | ▲ Uptrend |
The trend analysis indicates a persistent uptrend as confirmed by EMA20 consistently staying above EMA50, implying a potential bullish momentum which often signifies increased buying interest in the stock.
Support and Resistance
Determining key support and resistance levels is crucial for trading decisions. Here's an insightful analysis of potential zones identified from recent price actions.
| Zone Type | From | To |
|---|---|---|
| Resistance | 107.50 | 109.05 |
| Resistance | 105.00 | 107.50 |
| Support | 99.00 | 101.50 |
| Support | 95.00 | 99.00 |
The current price is approaching the higher resistance zone of 107.50 to 109.05. A breakthrough above this could fuel further uptrend momentum while being rejected might suggest a potential retracement or consolidation phase.
Conclusion
In summary, ConocoPhillips stock is currently showcasing strong bullish undertones, emphasized by a consistent upward trend in trailing days and defined support zones that underpin the price action. The potential breach of resistance could carve the way for a continued uptrend, aligning with the ongoing demand in the oil and gas sector. However, traders should remain cautious of abrupt market reversals owing to external market forces and geopolitical tensions that often impact oil prices. Maintaining vigilance on these technical levels will aid in capitalizing on emerging opportunities while minimizing inherent risks associated with the sector.