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

Auto-detected technical analysis for COP · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$117.94last close · Aug 4, 202652-week range $85.57 – $135.87 · 13.2% below the high

COP Rising Wedge Pattern

COP is currently forming a rising wedge on the daily timeframe. Detected Aug 4, 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 9,519 backtested rising wedges, the setup followed through 50.0% of the time, averaging +0.19R; COP's own rising wedges have hit 58.8%.

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 +0.60R move (5.3%) over 16 sessions. Across 189 backtested rising wedges, this setup wins 57.7% of the time.

OutcomeWinResult+0.60REntry$104.30Exit$109.88

Learn about rising wedge

How Rising Wedges Have Performed

Win rate
50.0%
Avg return
+0.19R
Backtested trades
9,519
COP win rate
58.8%

Historical pattern statistics (2006-08-04 – 2026-08-04), 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.

PatternEntryExitOutcomeResult
Rising WedgeJan 29, 2026 @ $104.30Feb 23, 2026 @ $109.88Win+0.60R
Rising WedgeSep 4, 2025 @ $94.40Oct 10, 2025 @ $87.71Win+1.27R
Bullish PennantJun 10, 2025 @ $89.33Mar 10, 2026 @ $114.15Win+4.91R
TriangleMar 11, 2024 @ $114.95Apr 12, 2024 @ $131.20Win+3.97R
TriangleSep 1, 2023 @ $120.44Oct 4, 2023 @ $113.33Loss-1.08R
TriangleAug 23, 2023 @ $115.01Sep 1, 2023 @ $122.14Loss-1.74R
TriangleJul 11, 2023 @ $105.00Aug 3, 2023 @ $114.99Win+1.77R
TriangleJun 30, 2023 @ $103.75Aug 3, 2023 @ $114.99Win+2.73R
TriangleJun 22, 2023 @ $101.84Jul 11, 2023 @ $107.44Loss-1.54R
TriangleJun 7, 2023 @ $104.42Aug 15, 2023 @ $115.51Win+1.83R
Rising WedgeJan 31, 2023 @ $120.22Feb 2, 2023 @ $112.29Win+1.29R
Rising WedgeMay 24, 2022 @ $109.84Jun 10, 2022 @ $116.83Win+0.49R

COP Support and Resistance Levels

Price found a floor near $102.36 about 4 weeks ago and has been climbing since. On the weekly chart, the next ceiling overhead sits near $125.95 — still about 7% 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 $102.36 floor about 4 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.

Nearest auto-detected support sits near $105.06, resistance near $128.28. These are chart/swing-derived levels, not formula pivots.

Resistance
$128.28
Support
$105.06$103.06$102.70$100.67$79.05

COP Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$117.64$118.47$116.08$117.94
Aug 3, 2026$118.54$119.28$117.14$119.16
Jul 31, 2026$119.45$120.84$117.83$120.48
Jul 30, 2026$116.20$119.12$116.20$119.03
Jul 29, 2026$117.95$119.00$117.26$118.06
Jul 28, 2026$115.99$117.19$113.21$114.10
Jul 27, 2026$117.22$118.49$115.46$115.58
Jul 24, 2026$120.27$121.69$119.63$120.26
Jul 23, 2026$121.24$122.38$119.98$120.20
Jul 22, 2026$118.94$119.74$118.48$118.79

COP Frequently Asked Questions

What chart pattern is COP forming right now?
As of Aug 4, 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 (9,519 trades over 631 symbols), it resolved in the expected direction 50.0% of the time with an average of +0.19R. These are historical statistics, not a prediction.
What are the support and resistance levels for COP?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), COP's nearest support is around $105.06 and nearest resistance around $128.28.
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 Aug 4, 2026?
Conocophillips (COP) last closed at $117.94 on Aug 4, 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.