I Observed the object as I entered my home at night. The weather was very clear with full nighttime darkness. I tend to be a "sky watcher"; as I exited from my car the luminous object was very clear. I considered if it was a plane, helicopter or star. It remained totally stationery and displayed three different color lights with varying light combinations; I used my binoculars to confirm the lights. I then concluded I could not identify the object. The object was too far away to determine the exact shape or any other details that would be evident if it was closer to my location. Several months ago I had observed a similar object (almost identical) at a different location in the sky. Both objects eventually disappear from sight.Although I've been a believer in UFOs for many years this is the first year I've experienced sightings. The one thing I can state assuredly is that the sightings give me reasons to contemplate any implications of intelligent alien life.I attempted photos of the object but due to the distance and poor photographic equipment the pictures are very poor.