ConocoPhillips (COP) stock declined in its latest intraday trading, amid bearish signals from the Relative Strength Index. Despite this, the stock appears to be seeking positive momentum that may support a rebound. The recent dip found support at the 50-day SMA, while the stock continues to trade within a short-term corrective uptrend along a supportive ascending trendline.

Therefore we expect the stock to rise in upcoming sessions, as long as support at $88.80 holds, targeting the key resistance level at $98.25.

Todays price forecast: Bullish.