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Commodity Chemicals Industry Stocks Technical Analysis - COPArchive
- 6/26/2026 -
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ConocoPhillips (COP) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the ConocoPhillips (COP). During the week, the COP dropped -1.78 points, or -1.65%, and closed at 105.96 on Friday, June 26, 2026. COP was trading at average weekly trading volume.
COP is a member of Energy Sector. Energy is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See COP long-term trend chart]
A long-term downtrend had started on November 4, 2022 at 138.49 and reached 79.88 on April 9, 2025. COP lost 58.61 points, or 42.32%, in 126 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 73.04 and resistance is at 130.09. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See COP medium-term trend chart]
A medium-term downtrend had started on March 30, 2026 at 135.87 and reached 104.64 on June 26, 2026. COP lost 31.23 points, or 22.99%, in 12 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend support line (113.35) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See COP weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since May 8, 2026. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See COP short-term trend chart]
A short-term downtrend had started on June 11, 2026 at 121.52 and reached 104.64 on June 26, 2026. COP lost 16.88 points, or 13.89%, in 15 days. The price is now at the 7.82% retracement level.
Daily Technical Indicators: [See COP daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.
The daily MACD line is below its signal line since June 12, 2026. This is an indication that the short-term trend is down.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Energy |
2 |
| Industry |
Oil & Gas Exploration & Production |
24 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
121.52 |
| High Date |
06/11/2026 |
| Low |
104.64 |
| Low Date |
06/26/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
128.28 |
| High Date |
04/29/2026 |
| Low |
104.64 |
| Low Date |
06/26/2026 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Descending Triangle |
| Status |
Broken Support |
| Resistance |
119.63 |
| Support |
113.35 |
| High |
135.87 |
| High Date |
03/30/2026 |
| Low |
104.64 |
| Low Date |
06/26/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
79.88 |
| Low Date |
04/09/2025 |
| High |
135.87 |
| High Date |
03/30/2026 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Valid |
| Resistance |
130.09 |
| Support |
73.04 |
| High |
138.49 |
| High Date |
11/04/2022 |
| Low |
79.88 |
| Low Date |
04/09/2025 |
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