As of March 26, 2026, COP (ConocoPhillips) is in a breakout reversal state on the monthly chart, with a confidence level of 67%. Key support is at $112 and key resistance at $136. Monthly breakout: strong green candle pushing above the prior swing-high zone (~$120s) with expanding volume; price now well above EMA50/EMA100 and all key SMAs.
Bullish continuation (Elliott: likely impulsive Wave 3/5 push from the 2025 base), with a brief retest of the breakout zone before attempting the prior high and extension. Fibonacci guide: using the ~$49→~$134 advance, 38.2% sits near ~$102 and 23.6% near ~$114 (key pullback bands).
Failed breakout / bull trap: price rejects $130–$136 and mean-reverts toward the confluence of former resistance + 23.6–38.2% fib + rising averages (EMA50/SMA50 region), while the longer-term uptrend structure remains intact unless $100s break.
Monthly close above $129
Monthly close back below $112
Buy-the-dip structure: $114–$120 aligns with breakout retest/23.6% fib; $102–$112 is deeper fib + demand; $88–$98 is major MA confluence (EMA50 ~$98) where trend should defend if breakout is real.
Trim into overhead supply/extension: $136–$150 is first resistance/ATH test; $150–$168 approximates fib extensions and momentum stretch; $168–$190 would likely require euphoric/late-wave extension (higher reversal risk).
As of March 26, 2026, COP (ConocoPhillips) is in a breakout reversal state on the monthly chart with 67% confidence. Monthly breakout: strong green candle pushing above the prior swing-high zone (~$120s) with expanding volume; price now well above EMA50/EMA100 and all key SMAs.
On the monthly timeframe, COP has key support at $112 and key resistance at $136. The most likely scenario (bullish) targets $136 and $150, with a revert level at $120.
COP (ConocoPhillips) is currently classified as breakout reversal on the monthly chart, with 67% confidence. Confirmation requires: Monthly close above $129 This would be invalidated by: Monthly close back below $112
The most likely scenario (bullish) targets $136 and $150, with a revert level at $120. The alternative scenario (bearish) targets $114 and $102.
Multi-layer AI agents analyse 200+ stocks across daily, weekly, and monthly timeframes — producing market state classifications, price scenarios with targets, and position entry/exit levels. Updated every trading day after market close. No paywall. No sign-up required.
Built by Foliotrail.
All content on this website — including charts, analysis, price targets, support/resistance levels, and position zones — is generated entirely by AI and provided for educational and informational purposes only.
This is not financial advice. NEXUSNOIR VENTURES SL (the operator of this website) is not a registered investment adviser or broker-dealer. You should not make investment decisions based solely on this information. Always do your own research and consult a qualified financial advisor.
By continuing, you acknowledge that you have read and agree to our full disclaimer & terms of use and privacy policy.
