Molson Coors Brewing (TAP) Chart Patterns, Support & Resistance & Technical Analysis

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

$42.29last close · Aug 4, 202652-week range $38.04 – $54.82 · 22.86% below the high
Falling Wedge · playing out now

TAP is breaking down out of a falling wedge — these usually break higher, so a drop lower instead is a notably bearish turn.

On this chart, setups like it have followed through about 56% of the time.

As long as price stays below $43.18, it's in play — a daily close back above there calls it off.

The move's natural target sits near $36.71.

TAP Falling Wedge Pattern

TAP is currently forming a falling wedge on the daily timeframe. Detected Aug 4, 2026.

DirectionBullishTarget$42.60Projected move+7.3%Breakout level$39.80

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

How Falling Wedges Have Performed

Win rate
56.2%
Avg return
+0.55R
Backtested trades
8,465
TAP win rate
50.0%

Historical pattern statistics (2006-08-04 – 2026-08-03), not a prediction.

How these backtests work →

TAP Pattern Trade History

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

PatternEntryExitOutcomeResult
Falling WedgeJul 16, 2026 @ $40.01Jul 23, 2026 @ $40.04Win+0.01R
TriangleJun 30, 2026 @ $39.23Jul 16, 2026 @ $41.78Loss-1.13R
Rising WedgeJan 13, 2026 @ $49.31Feb 17, 2026 @ $50.90Win+0.41R
Rising WedgeJan 5, 2026 @ $46.44Jan 12, 2026 @ $48.85Loss-1.07R
TriangleDec 4, 2025 @ $46.09Dec 12, 2025 @ $47.60Loss-1.27R
Falling WedgeFeb 13, 2025 @ $57.23Mar 4, 2025 @ $59.58Win+0.52R
TriangleNov 5, 2024 @ $55.99Nov 20, 2024 @ $60.38Win+1.79R
TriangleOct 7, 2024 @ $54.72Nov 8, 2024 @ $59.56Loss-1.55R
TriangleSep 27, 2024 @ $55.82Oct 8, 2024 @ $53.97Loss-1.09R
Falling WedgeJun 11, 2024 @ $50.97Sep 3, 2024 @ $56.90Loss-1.44R
TriangleMar 6, 2024 @ $63.60Mar 26, 2024 @ $66.90Win+1.58R
TriangleFeb 7, 2024 @ $60.10Mar 7, 2024 @ $64.02Loss-1.13R

TAP Support and Resistance Levels

Price was turned away at a ceiling near $44.29 about 3 months ago and has been sliding since. On the weekly chart, the next floor below sits near $32.11 — still about 24% away.

  • Traders commonly watch $32.11 as a target (its 100% retracement) — think of it as a sensible next stop, not a guarantee.
  • That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $44.29 ceiling about 3 months ago, when price was turned away there, but price has already pulled lower. What's left is the slide playing out, not a fresh starting point.

Nearest auto-detected support sits near $38.59, resistance near $43.72. These are chart/swing-derived levels, not formula pivots.

Resistance
$43.72$43.97$54.96
Support
$38.59$31.64

TAP Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$41.30$42.31$41.30$42.29
Aug 3, 2026$42.12$42.90$41.66$41.92
Jul 31, 2026$41.10$41.75$40.99$41.56
Jul 30, 2026$42.06$42.14$40.96$41.55
Jul 29, 2026$42.33$43.62$42.13$42.76
Jul 28, 2026$42.02$43.17$41.80$42.51
Jul 27, 2026$40.98$41.70$40.52$41.13
Jul 24, 2026$40.04$41.08$40.01$40.95
Jul 23, 2026$40.68$40.81$39.67$40.04
Jul 22, 2026$41.37$41.40$40.74$41.04

TAP Frequently Asked Questions

What chart pattern is TAP forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a falling wedge on Molson Coors Brewing (TAP) on the daily chart, with a measured-move target of $42.60.
Is a falling wedge bullish or bearish?
The falling wedge detected on TAP is a bullish pattern, projecting a measured-move target of $42.60. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a falling wedge pattern, and what is its win rate?
Across TradingPal's backtest of the falling wedge family (8,465 trades over 631 symbols), it resolved in the expected direction 56.2% of the time with an average of +0.55R. These are historical statistics, not a prediction.
What are the support and resistance levels for TAP?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), TAP's nearest support is around $38.59 and nearest resistance around $43.72.
What is the price target if TAP's pattern breaks out?
The detected falling wedge has a geometry-based measured-move target of $42.60 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was TAP's closing price on Aug 4, 2026?
Molson Coors Brewing (TAP) last closed at $42.29 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.