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Should You Buy ConocoPhillips (COP) Stock on Friday?

Friday, September 22, 2023 02:17 PM | InvestorsObserver Analysts

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Should You Buy ConocoPhillips (COP) Stock on Friday?

The market has been down on ConocoPhillips (COP) stock recently. COP gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
ConocoPhillips has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on COP!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With COP Stock Today?

ConocoPhillips (COP) stock is trading at $119.20 as of 2:13 PM on Friday, Sep 22, an increase of $0.11, or 0.09% from the previous closing price of $119.09. Volume today is below average. So far 1,828,925 shares have traded compared to average volume of 4,345,283 shares. The stock has traded between $119.04 and $121.18 so far today. To see InvestorsObserver's Sentiment Score for ConocoPhillips click here.

More About ConocoPhillips

ConocoPhillips is a U.S.-based independent exploration and production firm. In 2021, it produced 1.0 million barrels per day of oil and natural gas liquids and 3.2 billion cubic feet per day of natural gas, primarily from Alaska and the Lower 48 in the United States and Norway in Europe and several countries in Asia-Pacific and the Middle East. Proven reserves at year-end 2021 were 6.1 billion barrels of oil equivalent. Click Here to get the full Stock Report for ConocoPhillips stock.

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