Conocophillips(COP)

Conocophillips (COP) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for COP · data as of Jul 22, 2026. The chart above is live; the read below updates daily.

$118.79last close · Jul 22, 202652-week range $85.57 – $135.87 · 12.57% below the high

COP Rising Wedge Pattern

COP is currently forming a rising wedge on the daily timeframe. Detected Jul 22, 2026.

A rising wedge usually breaks lower, but COP is breaking higher out of it instead — a notably bullish turn. A breakout projects a measured-move target near $110.02 (+10.0%). Across 10,660 backtested rising wedges, the setup followed through 50.4% of the time, averaging +0.20R; COP's own rising wedges have hit 50.0%.

DirectionBullishTarget$110.02Projected move+10.0%Breakout level$101.13

New to this pattern? What a rising wedge is and how to trade it →

COP's Most Recent Rising Wedge Trade

COP's most recent completed rising wedge (which broke against type) resolved as a win: it broke higher on Jan 29, 2026 near $104.30, then reached its target at $109.88 on Feb 23, 2026 — a 5.3% move (+0.60R) over 16 sessions. Across 156 backtested rising wedges, this setup wins 57.7% of the time.

OutcomeWinResult+5.3%R+0.60REntry$104.30Exit$109.88

Learn about rising wedge

How Rising Wedges Have Performed

Win rate

50.4%

Avg return

+0.20R

Backtested trades

10,660

COP win rate

50.0%

Historical pattern statistics (1987-01-30 – 2026-07-13), not a prediction.

How these backtests work →

COP Pattern Trade History

Every completed pattern trade our nightly backtest found on COP's daily chart, newest first — wins and losses alike.

Pattern	Entry	Exit	Outcome	Result
Rising Wedge	Jan 29, 2026 @ $104.30	Feb 23, 2026 @ $109.88	Win	+10.0% · +0.60R
Rising Wedge	Sep 4, 2025 @ $94.40	Oct 10, 2025 @ $87.83	Win	+8.0% · +1.25R
Triangle	Jul 16, 2025 @ $92.41	Jul 28, 2025 @ $97.02	Loss	+12.1% · -1.02R
Bullish Pennant	Jun 10, 2025 @ $89.33	Mar 10, 2026 @ $114.15	Win	+33.0% · +4.91R
Triangle	Sep 1, 2023 @ $120.44	Oct 4, 2023 @ $113.33	Loss	+7.3% · -1.08R
Triangle	Aug 23, 2023 @ $115.01	Sep 1, 2023 @ $122.14	Loss	+7.8% · -1.74R
Triangle	Jul 12, 2023 @ $109.46	Sep 11, 2023 @ $120.44	Win	+15.8% · +3.31R
Triangle	Jul 11, 2023 @ $105.00	Aug 3, 2023 @ $114.99	Win	+7.5% · +1.77R
Triangle	Jun 30, 2023 @ $103.75	Aug 3, 2023 @ $114.99	Win	+7.4% · +2.73R
Triangle	Jun 7, 2023 @ $104.42	Aug 15, 2023 @ $115.51	Win	+15.3% · +1.83R
Falling Wedge	Mar 15, 2023 @ $97.42	Jul 13, 2023 @ $110.55	Loss	+13.9% · -1.08R
Rising Wedge	Apr 1, 2022 @ $99.46	Apr 25, 2022 @ $89.47	Win	+13.7% · +1.24R

Rising Wedge Examples on Other Charts

Historical examples from the published simulation. This selection is not a win-rate sample.

Open LIN’s live chart →

EWEdwards Lifesciences

Losing trade · −7.5%

Opened Jun 30, 2026

Closed Jul 20, 2026

Open EW’s live chart →

Open SPGI’s live chart →

BROBrown & Brown

Winning trade · +6.9%

Opened Jun 26, 2026

Closed Jul 15, 2026

Open BRO’s live chart →

Learn about rising wedge

COP Support and Resistance Levels

Price found a floor near $102.64 about 2 weeks ago and has been climbing since. On the weekly chart, the next ceiling overhead sits near $125.95 — still about 6% away.

Traders commonly watch $125.95 as a target (its 78.6% extension) — think of it as a sensible next stop, not a guarantee.
That ceiling is the first place the climb might pause — worth watching how price behaves as it gets there.
There's nothing to act on here — the spot to watch was the $102.64 floor about 2 weeks ago, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh starting point.

COP Recent Daily Prices

Date	Open	High	Low	Close
Jul 22, 2026	$118.94	$119.74	$118.48	$118.79
Jul 21, 2026	$116.62	$117.55	$115.72	$117.50
Jul 20, 2026	$113.78	$116.68	$113.26	$115.68
Jul 17, 2026	$115.67	$116.26	$113.45	$114.71
Jul 16, 2026	$112.22	$112.89	$111.80	$112.84
Jul 15, 2026	$112.02	$112.46	$109.55	$111.46
Jul 14, 2026	$113.08	$113.75	$110.14	$111.87
Jul 13, 2026	$110.97	$113.22	$110.97	$112.85
Jul 10, 2026	$108.85	$109.42	$107.61	$109.04
Jul 9, 2026	$110.02	$110.48	$107.79	$108.02

COP Frequently Asked Questions

What chart pattern is COP forming right now?

As of Jul 22, 2026, TradingPal's detector identifies a rising wedge on Conocophillips (COP) on the daily chart, with a measured-move target of $110.02.

Is a rising wedge bullish or bearish?

The rising wedge detected on COP is a bullish pattern, projecting a measured-move target of $110.02. See its full backtested track record above — that's the real edge, not the textbook label.

How reliable is a rising wedge pattern, and what is its win rate?

Across TradingPal's backtest of the rising wedge family (10,660 trades over 628 symbols), it resolved in the expected direction 50.4% of the time with an average of +0.20R. These are historical statistics, not a prediction.

What is the price target if COP's pattern breaks out?

The detected rising wedge has a geometry-based measured-move target of $110.02 (pattern height projected from the breakout). This is a technical target, not a recommendation.

What was COP's closing price on Jul 22, 2026?

Conocophillips (COP) last closed at $118.79 on Jul 22, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.