COCA-COLA CO/THE (KO) Stock Technical Analysis
NYSE:KO • US1912161007
Taking everything into account, KO scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, KO has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, KO did better than 70% of all other stocks.
- KO is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month KO has a been trading in the 73.54 - 82.00 range, which is quite wide. It is currently trading near the high of this range.
- KO has an average volume of 18053900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- KO is an average performer in the Beverages industry, it outperforms 62% of 33 stocks in the same industry.
Although KO has an excellent technical rating, the quality of the presented setup is not ideal 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
65.55
We found 5 important support areas.
- Support @76.81 from a horizontal line in the daily time frame.
- Support @72.47 from a horizontal line in the weekly time frame.
- A support zone ranging from 71.09 to 71.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 67.97 to 68.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @66.21 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 81.57 to 81.65. 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 KO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KO is up. |
| ChartMill Relative Strength | 70.71 | POSITIVE | KO has a high relative strength, it outperformed 70.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of KO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.31 | OVERBOUGHT | The high RSI value suggests KO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests KO has a positive trend. |
| Stochastics (14,3) | 89.61 | OVERBOUGHT | The high Stochastics value suggests KO may be overbought. |
| Average True Range in percent/ATR (20) | 1.71 | LOW VOLATILITY | The low ATR as a percentage value for KO suggests low volalility. |
| Average Directional Index/ADX (14) | 40.92 | POSITIVE | The high ADX value value for KO suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 81.66 | 78.12 | 3.54 (4.34%) | 23.07% |
| An entry @81.66. This is a Buy Stop order right above the resistance zone. | An exit @78.12. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.54 points, which is 4.34%. | When investing 23.07% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
81.56
+1.06 (+1.32%)
COCA-COLA CO/THE / KO FAQ
What is the ChartMill technical rating of COCA-COLA CO/THE (KO) stock?
ChartMill assigns a technical rating of 9 / 10 to KO.
What is the trend direction for KO stock?
The current trend direction for COCA-COLA CO/THE (KO) is Bullish.
What is the RSI signal for KO stock?
COCA-COLA CO/THE (KO) has an RSI value of 74.3096. This indicates that the stock is currently overbought.
What is the buy/sell signal for KO stock?
The buy/sell signal for COCA-COLA CO/THE (KO) is buy as both the short term and long term trends are positive.
What is the support and resistance level for KO stock?
COCA-COLA CO/THE (KO) has a support level at 76.81 and a resistance level at 81.57. Check the full technical report for our detailed analysis of KO support and resistance levels.