GET DAILY SIGNALSU.S. Crude Plunges 6.7% to Settle at 18-month Low
Concerns over the growing turmoil in Washington D.C. and a worsening world economy led U.S. crude oil prices plunge nearly 7% on Monday. Falling in tandem with the equities market, oil prices hit their lowest levels in nearly 18 months to trade at $42.53/bbl.
Despite the production deal struck earlier in December between the OPEC and Russia, investors are increasingly seeking shelter in apparently safe-haven assets such as gold and government debt at the cost of risker ones like oil and stocks. This negative sentiment has resulted into U.S. crude falling from its peak of 52-week high reached at the start of October to nearly 18-month low, after falling nearly 45%.
U.S. crude futures ended Monday's session at $42.53 after falling 6.7% or $3.06, its lowest closing price since June 2017 and close to 2017’s lowest level of $42.05. While Brent crude futures hit their 16-month low after falling nearly 6.2% or $3.35 to end the day at $50.47 a barrel.
Owing to this plunge, the downward slide for energy stocks has ranged between -2% to -12.5%. Some of the major losers included names like Hess Corporation (HES, -12.2%), Chevron Corporation (CVX, -3.1%), ConocoPhillips (COP, -4.7%), EOG Resources Inc. (EOG, -5%) and Continental Resources Inc. (CLR, -5.7%) among others.
COP in upward trend: price may ascend as a result of having broken its lower Bollinger Band on November 04, 2026
COP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 25 of 32 cases where COP's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 78%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The 10-day moving average for COP crossed bullishly above the 50-day moving average on October 12, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 14 of 19 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 74%.
Following a +3.33% 3-day Advance, the price is estimated to grow further. Considering data from situations where COP advanced for three days, in 231 of 344 cases, the price rose further within the following month. The odds of a continued upward trend are 67%.
The Aroon Indicator entered an Uptrend today. In 204 of 309 cases where COP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 66%.
Bearish Trend Analysis
The 10-day RSI Indicator for COP moved out of overbought territory on November 02, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 45 similar instances where the indicator moved out of overbought territory. In 30 of the 45 cases, the stock moved lower in the following days. This puts the odds of a move lower at 67%.
The Momentum Indicator moved below the 0 level on November 03, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on COP as a result. In 50 of 90 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 56%.
The Moving Average Convergence Divergence Histogram (MACD) for COP turned negative on November 03, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In 29 of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at 59%.
COP moved below its 50-day moving average on November 05, 2026 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where COP declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 56%.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is 11 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 25 (best 1 - 100 worst), indicating outstanding price growth. COP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 26 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 75, placing this stock better than average.
The Tickeron SMR rating for this company is 59 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 83 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.505) is normal, around the industry mean (3.610). P/E Ratio (18.025) is within average values for comparable stocks, (3.187). Projected Growth (PEG Ratio) (1.066) is also within normal values, averaging (1.958). Dividend Yield (0.025) settles around the average of (0.050) among similar stocks. P/S Ratio (2.573) is also within normal values, averaging (5.980).
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General Information
a producer of wholesales oil and natural gas
Industry OilGasProduction
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