TAP.A Technical Analysis - MOLSON COORS BEVERAGE CO - A

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to TAP.A. TAP.A's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

92% of all other stocks performed better in the past year than TAP.A.

TAP.A is part of the Beverages industry. There are 32 other stocks in this industry, of which 77% are performing better than TAP.A.

TAP.A is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

TAP.A 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.

Warning: TAP.A has an average volume of 586 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MOLSON COORS BEVERAGE CO - A / TAP.A Weekly stock chart

MOLSON COORS BEVERAGE CO - A / TAP.A Daily stock chart

Setup Rating and Analysis

TAP.A has a poor technical rating and the quality of the setup is also not perfect 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

51.27

63.92

We can see 4 important resistance areas.

A resistance zone ranging from 51.99 to 52.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 55.71 to 57.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @59.91 from a horizontal line in the daily time frame.
A resistance zone ranging from 61.77 to 63.29. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for TAP.A is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for TAP.A is down.
ChartMill Relative Strength	8.9	NEGATIVE	TAP.A has a low relative strength, it was outperformed by 91.1% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of TAP.A is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of TAP.A is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of TAP.A is below a declining SMA(200).
Relative Strength Index/RSI (14)	46.87	NEUTRAL	The RSI value for TAP.A is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.26	NEGATIVE	The MACD value suggests TAP.A has a negative trend, although the MACD value is rising.
Stochastics (14,3)	43.94	NEUTRAL	The Stochastics value for TAP.A is a neutral value.
Average True Range in percent/ATR (20)	5.97	HIGH VOLATILITY	The high ATR as a percentage value for TAP.A suggests high volalility.
Average Directional Index/ADX (14)	13.17	NEGATIVE	The low ADX value for TAP.A suggests a weak or negative trend.