MACD Warns of COP Weakness at $91.54
BearishConocoPhillips (COP) closed down 0.29% at $91.54 on December 27.
Technical indicators paint a mixed picture:
Moving Averages
Mixed signals with price near the 9-day EMA ($92.55). The 21-day EMA sits at $92.16.
Momentum
RSI at 49.8 is in neutral territory. MACD is bearish (0.60 vs signal 0.94).
Volatility
Bollinger Band width at 9.2% indicates low volatility.
Key levels to watch: Support at $88.51, Resistance at $97.08.