COCA-COLA CO/THE (KO)       65.96  +0.24 (+0.37%)

65.96  +0.24 (+0.37%)

US1912161007 - Common Stock - After market: 66 +0.04 (+0.06%)

Technical Rating

Taking everything into account, KO scores 10 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.



The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, KO did better than 92% of all other stocks. We also observe that the gains produced by KO over the past year are nicely spread over this period.
KO is one of the better performing stocks in the Beverages industry, it outperforms 92% of 42 stocks in the same industry.
KO is currently trading near its 52 week high, which is a good sign. Certainly because the S&P500 Index is currently trading in the lower part of its 52 week range.
In the last month KO has a been trading in the 62.58 - 67.20 range, which is quite wide. It is currently trading near the high of this range.
KO has an average volume of 17869500. This is a good sign as it is always nice to have a liquid stock.

Statistics

1 Month 3 Months 6 Months 12 Months 2.36% 5.47% 19.64% 20.76% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 92.45 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 62.91 to 64.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 61.05 to 61.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @59.60 from a horizontal line in the daily time frame.
  • A support zone ranging from 56.73 to 57.91. 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.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 65.97 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. There is a resistance zone just above the current price starting at 65.97. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 64.99, a Stop Loss order could be placed below this zone.


Possible Trading Setup

Given the decent technical rating and the setup score, we can suggest the following trade.


ENTRYEXITDISTANCECAPITAL
66.2262.663.56 (5.38%)18.60%
An entry @66.22. 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 3.56 points, which is 5.38%.For a 1.00% total portfolio risk, you can invest 18.60% 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/THE65.96

NYSE:KO (5/16/2022, 7:14:15 PM)+0.24 (+0.37%)

After market: 66 +0.04 (+0.06%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Consumer Staples
GICS Industry Beverages
Performance
Today 0.37% 1 Week 2.09%
2 Weeks 3.97% 1 Month 2.36%
3 Month 5.47% 6 Month 19.64%
Volatility
ATR(14) 1.51 ATR(20)% 2.22%
ATR Inc -17.78% Range Today 0.94
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 92.45 Mansfield 2.47
10 Day High 66.38 10 Day Low 62.67
20 Day High 67.2 20 Day Low 62.58
52 Week High 67.2 52 Week Low 52.28
CS1 End 64.99 CR1 Start 65.97
Volume & EV
DER(3) 2.45% DER(5) 1.64%
Volume 13.22M Volume Incr 3.43%
Vol(5) 18.59M Vol(50) 17.87M

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