We assign a technical rating of 4 out of 10 to COKE. COKE has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- COKE is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- COKE 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 COKE is lagging the market slightly.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- Looking at the yearly performance, COKE did better than 70% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- COKE is part of the Beverages industry. There are 33 other stocks in this industry, COKE did better than 65% of them.
COKE has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
108.45
When analyzing the support we can see 4 important areas.
- A support zone ranging from 148.72 to 150.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @145.57 from a horizontal line in the daily time frame.
- A support zone ranging from 119.46 to 119.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @109.55 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 168.08 to 168.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for COKE is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for COKE is down. |
| ChartMill Relative Strength | 70.03 | POSITIVE | COKE has a high relative strength, it outperformed 70.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of COKE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of COKE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of COKE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.81 | NEUTRAL | The RSI value for COKE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests COKE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.75 | NEUTRAL | The Stochastics value for COKE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for COKE suggests some volalility. |
| Average Directional Index/ADX (14) | 31.62 | POSITIVE | The high ADX value value for COKE suggests a strong trend. |
150.85
-1.39 (-0.91%)
COCA-COLA CONSOLIDATED INC / COKE FAQ
What is the technical rating for COKE stock?
ChartMill assigns a technical rating of 4 / 10 to COKE.
What is the current trend direction of COCA-COLA CONSOLIDATED INC (COKE) stock?
The current trend direction for COCA-COLA CONSOLIDATED INC (COKE) is Bullish.
What is the RSI signal for COCA-COLA CONSOLIDATED INC (COKE) stock?
COCA-COLA CONSOLIDATED INC (COKE) has an RSI value of 41.8125. This indicates that the stock is currently neutral.
What is the MACD signal for COKE stock?
The MACD indicator for COCA-COLA CONSOLIDATED INC (COKE) has a value of -0.480343, indicating a bearish trend.
Can you provide the support and resistance levels for COCA-COLA CONSOLIDATED INC?
COCA-COLA CONSOLIDATED INC (COKE) has a support level at 150.46 and a resistance level at 168.08. Check the full technical report for our detailed analysis of COKE support and resistance levels.