COCA-COLA CO/THE (KO)       63.65  +0.6 (+0.95%)

63.65  +0.6 (+0.95%)

US1912161007 - Common Stock - After market: 63.63 -0.02 (-0.03%)

Technical Rating

We assign a technical rating of 7 out of 10 to KO. 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.
KO is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so KO slightly outperforms the market at the moment.
KO has an average volume of 15194600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that KO is one of the better performing stocks in the market, outperforming 81% of all stocks. However, KO's most recent performance is quite weak.
KO is an average performer in the Beverages industry, it outperforms 66% of 39 stocks in the same industry.
In the last month KO has a been trading in the 60.79 - 65.04 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.

Statistics

1 Month 3 Months 6 Months 12 Months 2.04% -3.15% 5.57% 11.22% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 81.24 52.28 - 67.2
KO Weekly chart
KO Daily chart

Support/Resistance Analysis


53.23

66.87
When analyzing the support we can see 5 important areas.
  • A support zone ranging from 62.51 to 63.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 60.91 to 61.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 59.06 to 59.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 57.54 to 57.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @53.77 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
  • A resistance zone ranging from 63.70 to 64.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A resistance zone ranging from 65.72 to 66.21. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

Besides having an excellent technical rating, KO also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.


Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
64.6962.662.03 (3.14%)25.00%
An entry @64.69. This is a Buy Stop order right above the resistance zone.An exit @62.66. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 2.03 points, which is 3.14%.For a 0.78% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • 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.
KO Daily chart

COCA-COLA CO/THE63.65

NYSE:KO (8/10/2022, 7:04:00 PM)+0.6 (+0.95%)

After market: 63.63 -0.02 (-0.03%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Consumer Staples
GICS Industry Beverages
Performance
Today 0.95% 1 Week -0.42%
2 Weeks 1.02% 1 Month 2.04%
3 Month -3.15% 6 Month 5.57%
Volatility
ATR(14) 0.99 ATR(20)% 1.6%
ATR Inc -44.5% Range Today 0.69
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 81.24 Mansfield 0.92
10 Day High 65.04 10 Day Low 62.67
20 Day High 65.04 20 Day Low 60.79
52 Week High 67.2 52 Week Low 52.28
CS1 End 63.01 CR1 Start 63.7
Volume & EV
DER(3) 1.07% DER(5) 2.04%
Volume 8.86M Volume Incr -28.81%
Vol(5) 9.64M Vol(50) 15.19M

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