Good technical signals and a possible breakout for KEURIG DR PEPPER INC.

Our stock screener has identified KEURIG DR PEPPER INC (NASDAQ:KDP) as a potential breakout candidate. This technical breakout setup pattern occurs when the stock consolidates after a strong uptrend. While the actual breakout is uncertain, it may be worth keeping an eye on NASDAQ:KDP.

What is the technical picture of NASDAQ:KDP telling us.

ChartMill assigns a Technical Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple technical indicators and properties.

We assign a technical rating of 8 out of 10 to KDP. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, KDP is only an average performer.

• The long and short term trends are both positive. This is looking good!
• KDP is one of the better performing stocks in the Beverages industry, it outperforms 71% of 33 stocks in the same industry.
• KDP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so KDP is lagging the market slightly.
• In the last month KDP has a been trading in the 30.21 - 34.48 range, which is quite wide. It is currently trading near the high of this range.
• When comparing the performance of all stocks over the past year, KDP turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.

Our latest full technical report of KDP contains the most current technical analsysis.

Why is NASDAQ:KDP a setup?

Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NASDAQ:KDP currently holds a 8 as its setup rating, suggesting a particular level of consolidation in the stock.

KDP has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 34.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 33.92, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for KDP in the last couple of days, which is a good sign.

How can NASDAQ:KDP be traded?

For a potential trade one would typically wait until the stock breaks out of the consolidation zone to enter the stock and it could be sold again for a loss when it would fall back below the zone.

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents technical observations generated by automated analysis but does not guarantee any trading outcomes. Always trade responsibly and make independent judgments.

Our Breakout screener lists more breakout setups and is updated daily.

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.